CNBC's flagship show in Europe sets you up with everything you need to know for the European business day. Anchors Steve Sedgwick, Karen Tso and Arabile Gumede ...
Wall Street enjoys its best session since early November following a weaker-than-expected core CPI print. The Magnificent 7 tech stocks together added more than $550bn in collective market cap. U.S. bank earnings also helped boost indices Stateside with JP Morgan posting record revenues and earnings. Taiwanese chip giant TSMC posts record Q4 profits which surged by 57 per cent off the back of strong A.I. semiconductor demand. After 15 months of conflict, a U.S., Qatar and Egypt-brokered Israel-Hamas ceasefire deal has been reached. The triple-phased agreement is due to begin on Sunday. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Global bonds continue to sell off with the U.S. Treasury bill now hitting a 14-month high. Meanwhile the 10-year JGB yield reaches its highest level since 2011. Wall Street is dragged down by tech stocks to its fourth consecutive session in the red following President Biden’s announcement of new curbs on A.I. chips. The dollar index soars to its highest level in more than 2 years, putting global currencies under pressure. In energy news, crude prices fall back slightly but still hover at a near-4-month high after an increase of almost 10 per cent since the start of the year. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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Dollar strength prompts PBOC's defence of yuan
The dollar index soars to its highest level since late 2022, prompting the PBOC to ramp up efforts in a bid to protect the yuan. Chinese trade data for December beats expectations. Asian equities start the week slowly following Friday’s negative session on Wall Street and the strong December U.S. jobs print. In energy news, Brent rallies to top $81 per barrel on the back of new U.S. sanctions on Russian crude – its highest level for four months. And in Los Angeles, residents are braced for strong Santa Ana winds to return as the death toll from last week’s wildfires rises to 24. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
CNBC's flagship show in Europe sets you up with everything you need to know for the European business day. Anchors Steve Sedgwick, Karen Tso and Arabile Gumede engage in unscripted and dynamic debate on the day's top stories. They are joined by leading business executives, policymakers, financial strategists, fund managers and other newsmakers to provide original points of view and instant analysis of the latest business news and key market themes.
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