Squawk Box Europe Express

U.S. stocks give up an initial bounce as investors digest a mixed jobs report - the headline figure more than double expectations but growth for last year revised lower. German industrial giant Siemens raises its outlook after posting a 10% jump in first quarter orders, but Mercedes full year earnings more than halve as the automaker takes a €1 billion hit from tariff costs. And in Japan, Softbank notches a fourth straight quarter of profit, boosted by rising valuations of its stakes in AI giants Nvidia and Open AI.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Futures stretch into the green on both sides of the Atlantic as investors await a crucial U.S. non-farm payrolls print with the White House aiming to temper expectations. Dutch brewing giant Heineken announces it will be slashing thousands of jibs in the next two years and it has lowered its FY growth forecast after weak demand for its beers. German lender Commerzbank enjoys a Q4 beat on the top and bottom line and expects net profit for the year to top expectations. CEO Bettina Orlopp tells CNBC the bank is always open to renewed interest from Unicredit. On Wall Street, shares in U.S. financial stocks plunge following the unveiling of Altruist's new A.I.-powered tax planning tool. We hear from Anthoropic's CCO Paul Smith who says his company is set on extracting real value from A.I.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Wall Street rebounded during Monday's session with strong performances from tech giants Oracle, Broadcomm and Nvidia. Asian equities have followed suit but Europe is set to open flat. Embattled UK Prime Minister Sir Keir Starmer has vowed to Labour MPs that he will fight on as pressure mounts on him to step down over his appointment of Peter Mandelson as U.S. ambassador. In luxury news, sales of Gucci plunge 10 per cent in Q4. It's the tenth consecutive quarter of falling revenue for parent company Kering which misses FY forecasts.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Japanese Prime Minister Sanae Takaichi secures a snap election landslide to pave the way for major fiscal spending. Her decisive victory pushed the Nikkei beyond the 57,000-mark for the first time and drove JGB yields higher. In the U.S., beleaguered tech and software stocks rallied on Friday to help the Dow close about 50,000 for the first time ever. Italian lender Unicredit smashes Q4 net profit forecasts and raises its FY 2026 profit guidance. Speaking exclusively to CNBC, CEO Andrea Orcel says his bank has ‘more optionality' to potential dealmaking than other European rivals.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The tech rout Stateside looks set to continue into a third day with giants such as Oracle, Palantir and Salesforce all suffering double-digit losses for the week. The gloom is contagious in the crypto space with Bitcoin briefly plunging below the $61,000 mark. UK Prime Minister Keir Starmer offers an apology to victims of Jeffrey Epstein for his appointment of Peter Mandelson as U.S. ambassador, despite being aware of his close ties to the late, convicted paedophile. We hear from BoE governor Andrew Bailey who says the upheaval seen in Westminster is being felt globally. And in e-commerce news, Amazon posts its first quarterly miss in more than three years and announces $200bn for capex spending for 2026. Shares plummeted 11 per cent in after-hours trading as a result. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Nasdaq suffers back-to-back losses of more than 1 per cent for the first time since April following a massive tech sell-off that sees almost $1tn wiped from tech stocks as A.I. related concerns reverberate around markets. Alphabet posts FY revenue of more than $400bn for the first time and signals it is prepared to more than double its A.I. investment. UK Prime Minister Keir Starmer is set upon by Labour backbenchers and forced to release documents about the vetting process of former peer Peter Mandelson for the post of U.S. ambassador and his links to the convicted paedophile Jeffrey Epstein. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

UBS posts quarterly profit of $1.2bn and hikes its dividend by 22 per cent and reaffirms its forecasts for the year. The Swiss lender says it is on track to fully integrate Credit Suisse later this year but CEO Sergio Ermotti says clients remain wary due to geo-political considerations. Pharma giant Novo Nordisk sees U.S.-listed shares plunge after warning of disappointing sales due to competition to its flagship obesity drugs. CEO Mike Doustdar believes the GLP-1 market will only get bigger. And in tech news, Anthropic's new ‘Claude' model causes a wider sell-off in enterprise and cloud software as the threat of A.I. disruption looms over white-collar sectors. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Global equity markets bounce back with South Korea's KOSPI notching its best session in almost six years and the Nikkei closing at a record high. Metals prices also stabilise and claw back some of the losses from a two-day rout. The U.S. moves to slash tariffs on New Delhi from 50 to 18 per cent, nudging Indian assets higher. President Trump says the country has now agreed to halt all purchases of Russian oil. In France, lawmakers finally agree on a budget following four months of intense wrangling. Prime Minister Sébastien Lecornu hailed the agreement after gaining support from the Socialist party through a slew of concessions and defeating a vote of no confidence at the Assemblée Nationale.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Gold and silver spot prices continue to plunge following Friday's rout which saw the worst one-day decline since 1980 as investors digest President Trump's decision to nominate Kevin Warsh as Federal Reserve Chairman. Crude prices ease back from multi-month highs after Trump says the Iranian regime is engaging in “serious” talks with Washington to avert U.S. military strikes and to strike a deal on its nuclear programme. In Asia, equities kick off the new week deep in the red. South Korea's KOSPI leads the regions losses and has triggered brief pause in trading. And the U.S. government enters a partial shutdown despite a late Senate deal on DHS funding. House Speaker Mike Johnson says the House will vote by the end of tomorrow. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

European equities are set to open in the green but Stateside futures are expected to lose ground ahead of President Trump's eagerly anticipated announcement of a new Federal reserve chairman. Former Fed governor Kevin Warsh is now reportedly the frontrunner for the job. Apple enjoys a bumper quarter on the back of strong iPhone sales but the share price stutters on continued concerns about the company's demand forecast and AI strategy. UK Prime Minister Sir Keir Starmer attends a business leaders' event on the final day of his landmark visit to China as President Trump warns about deeper engagement with the country. And in retail news, German sporting giant Adidas posts record sales and more than doubles operational profits in the fourth quarter.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Tesla suffers a fall in its annual vehicle sales for the first time in its history but shares are still in the green as the auto maker posts a beat on earnings. Tesla has also announced it will be axing its S and X models as it moves to increasingly produce humanoid robots. German lender Deutsche Bank enjoys record FY and Q4 earnings. We speak to CFO James Von Molke who says U.S. economic strength will help bolster the world's economy. SAP posts Q4 sales results in line with expectations and says its cloud revenues are set to surge by up to 25 per cent this year. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The U.S. dollar whipsaws and falls to a four-year low against a basket of currencies following comments from President Trump that he remained sanguine about the greenback's recent slide. All eyes are on today's Fed rate decision as investors ponder who will replace outgoing Chairman Jerome Powell. Chip maker ASML beats on Q4 booking and ups its forecast ahead of expectations on the back of encouraging A.I. demand. And in luxury news, LVMH defies expectations to post a 1 per cent rise in sales. This was offset by FY operating profit which fell by almost10 per cent. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Indian Prime Minister Narendra Modi hails a ‘big agreement' struck with Brussels while European Commission President Ursula Von Der Leyen says the deal removes almost all trade barriers with a new a free trade zone of 2bn people. President Trump has increased tariffs on South Korean autos and other goods to 25 per cent. Metals are up at new record highs due to geo-political uncertainties with silver on course for its best month in more than 40 years. And in retail news, China's Anta moves to acquire a 29 per cent in German sportswear brand Puma. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Gold continues its upward trajectory, bypassing the $5,000/oz for the first time ever as investors seek security due to geo-political risks. President Trump threatens Canada with 100 per cent tariffs sho8uld is seal a trade deal with China but Prime Minister Mark Carney says he was not pursuing an FTA with Beijing. A partial U.S. government shutdown looms as Democrats are set to vote against an ICE funding extension after a second fatality by federal agents in Minneapolis.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Ukrainian President Volodomyr Zelenskyy slams Europe's ‘lost' leaders during his address at the WEF in Davos, calling for action, not words in response to Russia's invasion of his country. Nineteen nations sign up to President Trump's Board of Peace despite a lack of commitment from key European nations. The leaders of Paraguay and Kosovo tell CNBC that sceptical nations will eventually come around to the initiative. Crude prices bounce back following President Trump's claims he would renew attacks on Tehran should it attempt to revive its nuclear programme. Trump also moves to sue JP Morgan and its CEO Jamie Dimon for $5bn accusing the lender of allegedly debanking his accounts for political motives.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

President Trump tells CNBC's Joe Kernen he has ‘the concept of a deal' over Greenland and has stood down his threat of tariffs as a result. The reversal sends U.S. equities back into the green with the S&P 500 posting its best session since November and European futures point to a rebound as well. President Trump prepares for a signing ceremony for his Board of Peace in Davos but some leaders have so far declined to join. Dutch Prime Minister Dick Schoof tells CNBC his government still has reservations about the agreement. And there are hopes of a bilateral meeting between President Trump and Ukrainian President Volodomyr Zelenskyy. Polish President Karol Nawrocki warns this channel that Russia will plan to attack Europe in the future irrespective of a Ukrainian peace deal.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

U.S. markets endure their worst session since October as the President Trump ratchets up tariff tensions over Greenland. Speaking on a CNBC panel of central bank governors, Bundesbank President Joachim Nagel warns against the investigation into Federal Reserve Chairman Jerome Powell. French President Emmanuel Macron and Canadian Prime Minister Mark Carney bemoan the U.S. administration's ‘rupture' from hitherto established foreign policy strategies.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Wall Street futures are in the red as U.S.-Europe tensions over the fate of Greenland concern global markets. Prior to leaving for the WEF in Davos, Switzerland, President Trump said only the U.S. can adequately protect the Arctic territory and he threatened to increase tariffs on French wine and champagne after President Macron declined his invitation to the Gaza Board of Peace. U.S. Treasury Secretary Scott Bessent dismisses ‘unwise' European retaliatory tariffs while Siemens Energy Chairman Joe Kaeser tells CNBC dialogue between Brussels and the White House must continue.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

President Trump has warned 8 European countries of further tariffs should they block the U.S. from acquiring Greenland by June. U.S. Treasury Secretary Scott Bessent, says European leaders will eventually be convinced the move is beneficial to the collective security of all NATO members. However, EU leaders will hold an emergency summit this week where French President Macron is expected to urge the bloc to launch almost €100bn of retaliatory tariffs and to employ its anti-coercion trade ‘bazooka' instrument against Washington. China achieves its 5 per cent GDP growth target for 2025 thanks to booming exports but moribund domestic consumption weighs on the data. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Chicago Federal reserve Chairman Austan Goolsbee says the removal of Fed independence would see inflation “roaring back” and the IMF managing director Kristalina Georgieva has pledged her support behind Jerome Powell who is under criminal investigation. However, U.S. Commerce Secretary Howard Lutnick tells CNBC that the Fed has ‘plenty of room' to prompt further interest rate cuts. European equities hit another record high during Thursday's session following bumper earnings from Taiwan's TSMC. The result nudged European chip makers up and helped push the tech subindex to levels last seen at the start of the century. And a U.S. Congressional delegation are in Copenhagen to meet with Danish Prime Minister Mette Frederiksen to discuss the future of Greenland.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

UK GDP figures for November beat expectations to come in 0.3 per cent higher month-on-month and 1.4 per cent year-on-year. Denmark and EU allies boost their troop presence in Greenland as talks in Washington fail to deliver an agreement. President Trump says the U.S. needs the Arctic territory for its national security. Crude prices fall as U.S.-Iranian tensions ease slightly, however both the U.S. and UK decide to withdraw military personnel from an American-run base in Qatar. And in luxury news, Cartier owner Richemont enjoys a bumper Christmas season, posting an 11 per cent surge in quarterly sales.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

U.S. core inflation data for December dips slightly below forecasts with hopes it may have peaked. President Trump once again lashes out at Federal Reserve chairman Jerome Powell over interest rate cuts. Crude experiences a volatile session with the prospect of U.S. intervention in Iran protests still on the table after President Trump told protestors on the ground that ‘help was on its way'. And China posts a new record high trade surplus of $1.2tn in 2025 despite U.S. tariffs.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

All former living Federal Reserve Chairs sign a joint condemnation of the federal criminal investigation into current chairman Jerome Powell. UBS CEO Sergio Ermotti is reportedly eyeing an exit from the position next year, triggering a succession race for one of the most contentious jobs in European banking. Airbus beats its revised delivery target for 2025 to cement its place as the world's largest plane maker.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Federal Reserve Chairman Jerome Powell is under federal criminal investigation amid the central bank's $2.5bn building renovation. Powell blamed President Trump behind the move and warned that the independence of the Federal Reserve was threatened. Iran says it will fight back if the U.S. attacks. President Trump has reportedly considered military intervention following the killing of hundreds of protestors during the largest anti-regime demonstrations seen in years. And after 25 years of negotiations, the EU is set to create the world's largest free trade area with Mercosur countries in Latin America despite fierce pushback from farmers across the bloc.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

European equities are starting the day in the green with attention focusing on the U.S. non-farm payroll print out later today, as well as a crucial Supreme Court ruling on tariffs. Chinese December inflation data comes in at a three-year high but the annual print is flat, which adds to concerns about deflation in the country. In mining news, Glencore and Rio Tinto confirm they are in talks which could potentially lead to a mega-merger, creating the world's largest resource extraction company.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The U.S. administration says it will control Venezuela's oil sales indefinitely, with Energy Secretary Chris Wright telling CNBC the plan is needed to drive change in the country. European stocks look set to follow Wall Street into the red after mixed data stateside - with attention now turning to Friday's non-farm payrolls report. And, China reportedly asks tech companies to halt orders of Nvidia's H200 chips a day after Jensen Huang hails strong demand in the country, as Beijing looks to reduce reliance on foreign-made AI products.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Crude prices slip as President Trump says Venezuela will give up to 50 million barrels of oil to the U.S., and that he will control the proceeds. Trump says he has asked Energy Secretary Chris Wright to enact the plan, immediately. The White House refuses to rule out military action to take Greenland - as European leaders issue a statement pushing back on President Trump's comments about acquiring the territory. And Nvidia CEO Jensen Huang says talks with the White House over an export licensing agreement is almost done.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

European stocks line up another day in the green - the benchmark Stoxx 600 hitting a new high in Monday's session, and the Dow Jones notching a fresh record stateside. This, in the shadow of rising geopolitical tensions as President Trump says he is "very serious" about taking Greenland - despite a warning from Denmark's Prime Minister that any act of aggression would spell the end of NATO. And deposed Venezuelan President Nicolas Maduro pleads not guilty to drug trafficking charges in his first court appearance since being captured in a U.S. operation in Caracas. Maduro said he had been "kidnapped" and was a "prisoner of war". See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

President Trump threatens further strikes on Venezuela should the acting leadership refuse to cooperate following the capture and removal of President Nicolas Maduro. Oil opens lower on the first trading day since the U.S. incursion after President Trump says American companies will spend billions of dollars to revive Venezuelan production. Trump also issued warnings to the leaders of Cuba and Colombia and said the U.S. needed control of Greenland for issues of national security. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

European equities kick off the first trading day of the new year on a positive note, with the FTSE 100 breaking past 10,000 points for the first time. U.K. house prices unexpectedly fell in December according to data from Nationwide, which is the weakest growth since April 2024. And, we discuss the outlook for the Federal Reserve in 2026, with a new chair, further questions over its independence and an AI boom all in its in-tray.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

European markets start the final trading day of the year relatively flat, but the benchmark Stoxx 600 remains on course to notch its best annual performance since 2021. Silver prices move lower following a volatile year which has seen the precious metal rise by more than 150 per cent. Ukraine continues to deny an alleged drone attack on President Putin's compound in the north-western Novgorod region while Russia deploys nuclear-capable ‘Oreshnik' ICBMs to Belarus.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

European markets edge into the green with the Stoxx 600 still on course to notch its best annual performance since 2021. Investors are now awaiting minutes from the FOMC later today. Russia vows to respond, following alleged Ukrainian drones targeting President Putin's state residence in the northwestern Novgorod region, which threatens to derail peace talks between the two countries. Precious metal prices move higher with copper leading the charge, recording its highest annual rise in more than 15 years.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Precious metals are seeing profit taking this morning after a strong rally last week saw the likes of gold and silver continue their strong years. On the flip side, cyptocurrencies are higher today, after a fourth quarter rout had previously spoiled any hopes of a Santa rally. Geopolitics continues to dominate the holiday period, with Trump and Zelenskyy meeting this past weekend at the White House to hammer out the details of a potential peace deal. The two leaders praised progress in negotiations, with Zelenskyy emphasing the strides made on security guarentees, a key sticking point for his country and the Europeans. Elsewhere, Ubisoft dives after one of its games was hacked over Christmas. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

European markets see meagre trading volumes this Christmas Eve but the Stoxx 600 is due to record its best annual trading performance since 2021. The U.S. GDP data comes in far hotter than expected, prompting investors to dial down expectations of a Fed rate cut while the S&P 500 sees yet another record session. BP shares surge after the British oil giant sells off its majority stake in its Castrol lubricants unit to U.S. infrastructure firm Stonepeak for $6bn. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Stoxx 600 reaches a new intra-day high with investors now anticipating the U.S. GDP print later today. Drug giant Novo Nordisk sees its shares soar as it seeks to gain U.S. approval for the pill-form version of its weight-loss drug Wegovy. President Trump has reiterated previous calls for acquiring Greenland from Denmark for national security reasons as he appoints a new envoy to the Arctic territory. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

European markets move lower but the Stoxx 600 is on track to notch its best year since 2021. Oil prices rise and gold hits a new record high as the U.S. navy pursues a suspected third ‘dark fleet' tanker near the Venezuelan coast. In Miami, U.S. officials hail ‘productive' peace talks between Russia and Ukraine but negotiations show no signs of breaking the impasse.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The BoJ hikes interest rates to levels not seen for 30 years, causing yields to spike to multi-decade highs. Governor Kazuo Ueda says the central bank will continue to tighten should the economy move in line with forecasts. After a 16-hour summit, European Union leaders have agreed on a €90bn loan to Ukraine after failing in negotiations to unfreeze Russian assets. Nike scores a top and bottom line beat but the results are marred by poor sales in China, dragging the sports apparel giant's shares down.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

BP ousts its CEO Murray Auchincloss overnight following investor frustration with net zero strategy and share under-performance. He is replaced by Woodside Petroleum's Meg O'Neill who becomes the oil major's fourth boss in six years. EU leaders gather in Brussels at a crucial summit to decide funding for Ukraine. And European investors await ‘Super Thursday' with central banks' rates decisions expected from the ECB, Riksbank, Norgesbank and BoE later today.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

European futures pint to the green and the UK government is buoyed by the November CPI year-on-year print which came in 0.3 per cent lower than expected. The services CPI is down 0.2 per cent, beating expectations for the month. CNBC sources have learned that Open AI is in talks with Amazon over a potential tie-up worth more than $10bn following Sam Altman's negotiations with Microsoft which allows the firm to reach across the tech sector. Crude prices edge higher after President Trump's classification of the Maduro regime in Venezuela a foreign terrorist organisation as well as ordering of a blockade of sanctioned oil tankers. The Venezuelan government says the move is in breach of international law.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The A.I. stock sell-off continues with U.S. futures suggesting a day in the red. Investors now await the U.S. jobs report later today. President Trump signals that a Ukraine peace deal is ‘closer now than we have been, ever' causing European defence stocks to tumble. However, any breakthrough on Ukrainian territorial issues remains a major sticking point. In crypto news, Bitcoin claws back some ground lost after sinking below the $86k-mark in yesterday's session – its lowest level 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.

European markets are set to open in the green following Friday's A.I.-led stock sell-off ahead of a variety of data prints and rate decisions later in the week. Ukraine abandons demands for NATO membership with peace talks continuing in Berlin. Security is increased at Hannukah events worldwide following the massacre of 15 people by two I.S.-inspired gunmen on Bondi Beach, Sydney yesterday.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

UK GDP data for October disappoints coming in at -0.1 per cent month on month with services output falling by 0.3 per cent. Oracle shares tumble to their lowest level since January as investors show their concern over the company's A.I.-related splurge but global markets reached new record highs during yesterday's session with the S&P 500 breaking through the 6,900-point mark for the first time. Disney and Open A.I. join forces in a $1bn deal with the entertainment giant licensing its characters to feature in the Sora video creation app.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Fed delivers a rate cut - but the most significant dissent in six years, and division over the policy outlook, reveal a split within the central bank. Nasdaq futures falter as Oracle's data centre spend surges, sending the stock down by double-digit percentage points in extended trade - as Norway's Sovereign Wealth fund shows caution on investing in the infrastructure. Bitcoin slips, briefly dipping below $90,000 and extending a fourth quarter downturn as traders brace for a potential crypto winner. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Markets fully price in a 25-basis point cut at today's Federal Reserve meeting, while deep divisions within the central bank put investors on edge about the potential for easing next year. Chinese consumer prices rise at their fastest level in two years, but factory gate prices remain in deflation territory for the 38th month in a row. Donald Trump condemns European leaders as ‘weak' and says they ‘don't know what to do'.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Federal Reserve is deeply divided over its December rate decision as hawkish commentary around the FOMC's two-day meeting causes jitters among investors. President Trump is set to authorise exports of Nvidia's H200 chip to ‘approved' customers in China with 25 per cent of sales to be paid to the U.S. government as part of the agreement. Paramount has launched a last-minute $100bn offer for Warner Brothers Discovery in an attempt to thwart Netflix's acquisition. Paramount CEO David Ellison says a deal with Neflix could potentially destroy Hollywood. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Investors anticipate a Fed Christmas rate cut later this week with other central banks' final policy meetings potentially following suit. Soaring Chinese exports to the EU push the country's surplus beyond $1bn for the first time. Outbound shipments are up almost 6 per cent on the year with French President Emmanuel Macron threatening to slap tariffs on Beijing. Swiss lender UBS could soon benefit from the loosening of a banking regulation package which would otherwise require it to raise an additional $24bn in capital.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Global bond yields rise amid complicated pictures in the USA and Japan. Treasurys saw yields rise on stronger U.S. jobs data, while deepening expectations of a rate hike by the BOJ sees JGB prices fall. Elsewhere, Netflix has reportedly won the battle over Warner Bros Discovery; and Meta shares rise on reports the company is planning sweeping cuts to its ‘metaverse' unit, a former darling of CEO Mark Zuckerburg.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

European markets are cautiously optimistic as weaker U.S. payrolls data overnight boosted hopes of a Fed rate cut next week. It's a heavy day for geopolitics – French President Emmanuel Macron is in Beijing for a meeting with his Chinese counterpart Xi Jinping, with focus centered on expanding partnership and deepening understanding amid increased trade tensions. Elsewhere, the European Commission presented the details of its plan to use frozen Russian assets to help finance Ukraine. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Risk sentiment is reentering markets this morning after AI optimism fueled gains in the U.S. overnight. Also in recovery is Bitcoin, which is surging higher following a week of brutal loses. On the geopolitical front, Russia and the U.S. failed to reach consensus on a deal to end the war in Ukraine, despite five hours of talks in Moscow. Elsewhere, two big AI names, Anthropic and OpenAI, in focus – Reports suggest Anthropic is in early talks to launch what would be one of the largest IPOs in history next year; while OpenAI CEO Sam Altman issued a companywide ‘code red' memo this week, warning employees over increasing competition in the chat bot space.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

November was a whirlwind month for cryptocurrencies, and it seems that volatility is carrying over into December with Bitcoin posting its worst single day decline since March yesterday. Meanwhile, the head of the U.K.'s budget watchdog resigned after the OBR accidently released its report ahead of Chancellor Rachel Reeves' budget last week. And in an exclusive interview with CNBC, the Bank of England's Megan Greene laid out her outlook for the economy, and what she'd need to see in the labour market and inflation figures to prompt a rate cut.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Markets eye a cautious start to December with risk-off sentiment still very much in play amid AI valuation fears and continuing weakness in cryptocurrencies. U.K. Chancellor Rachel Reeves faces fresh scrutiny as claims swirl that she misled the public about the state of the country's finances ahead of the budget last week. Progress continues over Ukraine – U.S. officials met with Ukrainian negotiators over the weekend, while a U.S. delegation heads to Russia to hammer out the details of a peace deal.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.