25 min
SQUAWK BOX, THURSDAY 4TH JUNE, 2020 Squawk Box Europe Express
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- Business News
Markets undeterred… the S&P 500 posts its longest winning streak since February. This, despite the ongoing unrest across the U.S., as well as divisions over the response within the White House. The ECB is reportedly ready to expand its asset purchase programme as the central bank looks set to release gloomy growth projections for the eurozone. Meanwhile, Berlin announces a €130bn stimulus package to help kickstart consumer demand and bolster Germany’s economy. In energy news, Saudi Arabia and Russia look set to agree on extending oil output cuts for a further month but compliance issues mean OPEC is yet to confirm today’s producer meeting. Tensions simmer between the U.S. and China after the Trump administration blocks Chinese carriers to the country in a bid to pressure Beijing into lifting its own ban on U.S. airlines.
Markets undeterred… the S&P 500 posts its longest winning streak since February. This, despite the ongoing unrest across the U.S., as well as divisions over the response within the White House. The ECB is reportedly ready to expand its asset purchase programme as the central bank looks set to release gloomy growth projections for the eurozone. Meanwhile, Berlin announces a €130bn stimulus package to help kickstart consumer demand and bolster Germany’s economy. In energy news, Saudi Arabia and Russia look set to agree on extending oil output cuts for a further month but compliance issues mean OPEC is yet to confirm today’s producer meeting. Tensions simmer between the U.S. and China after the Trump administration blocks Chinese carriers to the country in a bid to pressure Beijing into lifting its own ban on U.S. airlines.
25 min