24 min listen
SQUAWK BOX, FRIDAY 2ND AUGUST, 2019
ratings:
Length:
25 minutes
Released:
Aug 2, 2019
Format:
Podcast episode
Description
The trade truce is off and has sent markets reeling. Squawk Box anchors digest the massive moves across asset classes after U.S. President Donald Trump loses patience with a lack of progress on trade talks with Beijing and slaps 10 per cent onto $300bn of Chinese goods. The Dow falls nearly 300 points and Asian equities follow Wall Street into the red as Chinese state media insists Trump’s move will backfire. The sudden increase in trade tensions also impacts bond yields with the U.S. ten-year slumping to its lowest level since 2016. And oil claws back some ground after falling 8 per cent amid renewed fears of a global economic slowdown. Elsewhere, U.K. Prime minister Boris Johnson’s majority in the House of Commons shrinks following a by-election in Wales. On the corporate front, we break earnings from Credit Agricole and Allianz.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Aug 2, 2019
Format:
Podcast episode
Titles in the series (100)
SQUAWK BOX, MONDAY 15TH APRIL, 2019 by Squawk Box Europe Express