SQUAWK BOX, WEDNESDAY 11TH DECEMBER, 2019

SQUAWK BOX, WEDNESDAY 11TH DECEMBER, 2019

The countdown is on! Investors eagerly await Saudi Aramco's mega IPO with shares set to start trading on the Tadawul, in the world's biggest listing ever. We are live with reaction from Riyadh, as the oil giant makes its debut at 32 riyals a share, valuing the company at $1.7tn. It’s a mixed picture for U.S. and Chinese stocks with the threat of fresh tariffs on Beijing just around the corner but the markets are now focused on the Federal Reserve’s rate decision due out later today. Swiss bank Credit Suisse cuts its profitability targets for this year and next, as it faces shareholders in its investor day, amid pressure from negative interest rates. With a day to go before the UK general election, sterling slides against the dollar after a new poll hints at a hung parliament. In Washington, Democrats formally publish two impeachment articles against President Trump, who becomes the fourth U.S. leader in history subject to such charges.

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Episoder(1857)

European and U.S. equities post best quarter since 2020

European and U.S. equities post best quarter since 2020

Europe and Wall Street notch their best quarter since 2020 with tech and A.I. stocks leading the gains. The energy sector continues to suffer amid Middle East uncertainty. The euro zone’s largest econ...

1 Jul 27min

ECB's Lagarde backs June rate decision

ECB's Lagarde backs June rate decision

We are live at the Sintra Forum where ECB President Christine Lagarde has backed the central bank’s decision to hike rates in June as necessary to rein in inflation. However, Lagarde insists ‘unconven...

30 Jun 27min

Fledgling U.S.-Iran peace deal stutters

Fledgling U.S.-Iran peace deal stutters

The U.S.-Iran peace deal falters over the weekend but a U.S. official tells CNBC hostilities have abated with talks set to resume in Doha tomorrow. European and U.S. futures are up on de-escalation ho...

29 Jun 27min

Asian markets slump as A.I. infrastructure costs soar

Asian markets slump as A.I. infrastructure costs soar

European equities end the week as Asian markets continue to sell off sharply. Apple and Microsoft announce price rises as the A.I. race constrains chip supplies and prompts concern over higher inflati...

26 Jun 25min

Chip stocks feed Asia rally

Chip stocks feed Asia rally

Equities in Asia are boosted by the chip sector through positive earnings from Micron and SK Hynix’s announcement it plans a $30bn listing on the Nasdaq. Brent dips to levels last seen before the conf...

25 Jun 30min

Global tech sell-off gathers pace

Global tech sell-off gathers pace

The global tech sell-off continues with U.S. memory and A.I. related companies firmly in the red as investors reassess the A.I. boom. Micron is set to deliver its results later today. Strait of Hormuz...

24 Jun 27min

Starmer resignation opens door to Burnham premiership

Starmer resignation opens door to Burnham premiership

Britain will have a seventh prime minister in a decade following yesterday’s resignation by Sir Keir Starmer. Newly elected Makerfield MP Andy Burnham could be handed the keys to No.10 in less than a ...

23 Jun 26min

U.S.-Iran peace talks end with 60-day road map agreement

U.S.-Iran peace talks end with 60-day road map agreement

Peace talks between the U.S. and Iran conclude in Switzerland for the time being with an agreement to reach a final deal within 60 days. The talks had been hampered by President Trump’s renewed threat...

22 Jun 30min

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