Global sell-off, FTSE 100, Bank of England rate cut

Global sell-off, FTSE 100, Bank of England rate cut

The lights of Frankfurt am Main’s banking skyline glow in the last light of day. Boris Roessler | Picture Alliance | Getty Images LONDON — European stocks extended losses on Friday amid a global downturn, as weak U.S. economic data sparked fears of a recession. The regional Stoxx 600 index shed as much as 2.3% … Read more

Bank of England, Fed decisions; tech rally

Bank of England, Fed decisions; tech rally

General view of the Bank of England building in London. Sopa Images | Lightrocket | Getty Images LONDON — European markets closed lower on Thursday as investors processed a raft of central bank action and fresh U.S. economic data. The pan-European Stoxx 600 index provisionally closed 1.29% lower. All major regional bourses and most sectors … Read more

UK Labour landslide election victory

UK Labour landslide election victory

Traders work on the floor of the New York Stock Exchange during morning trading on April 29, 2024. Michael M. Santiago | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more

UK Labour landslide victory, exit poll says

UK Labour landslide victory, exit poll says

An exchange trader at the Frankfurt Stock Exchange looks at his monitors. Boris Roessler | Picture Alliance | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? … Read more

Onion could be holding India’s economy hostage

Onion could be holding India’s economy hostage

A seller is arranging onions at a vegetable market in Nagaon district, in the northeastern state of Assam, India, on February 1, 2024. Nurphoto | Nurphoto | Getty Images This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big … Read more

France’s shock election has rattled nerves and raised debt crisis talk

France’s shock election has rattled nerves and raised debt crisis talk

Poster of Christophe Versini for the Rassemblement National (National Rally) party, with Marine Le Pen and Jordan Bardella on it, on June 24, 2024.  Magali Cohen | Afp | Getty Images The sell-off in French stocks and government bonds after President Emmanuel Macron called a shock parliamentary election may have eased — but investors remain … Read more

India Inc might not even need a Fed cut

India Inc might not even need a Fed cut

A solar power plant in Tuticorin, India, on Wednesday, March 20, 2024. Bloomberg | Bloomberg | Getty Images This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can … Read more

French stocks tumble, risk premium rises under spectre of far-right

French stocks tumble, risk premium rises under spectre of far-right

Jordan Bardella, President of the National Rally (Rassemblement National), a French nationalist and right-wing populist party, speaks to over 5,000 supporters on June 9th, at Le Dôme de Paris. Nurphoto | Nurphoto | Getty Images French stocks plunged Friday, with the country’s blue-chip index heading for its worst week in more than two years, as … Read more

Wall Street: Speedier Wall Street trades putting global finance on edge

Wall Street: Speedier Wall Street trades putting global finance on edge

New York: When US markets reopen next Tuesday after the long weekend, everything will likely seem normal. It’s only after the close and in the following days that any cracks are expected to appear. A spike in the number of failed trades, operational glitches and additional costs are among industry fears as the trading process … Read more

SocGen trader fired for risky bets claims he was made a ‘scapegoat’

SocGen trader fired for risky bets claims he was made a ‘scapegoat’

A logo outside a Societe Generale SA office building in central Paris, France, on Monday, Feb. 5, 2024.  Bloomberg | Bloomberg | Getty Images A former Societe Generale trader who was fired for unauthorized risky bets has lambasted the French bank for making him a “scapegoat” and failing to take its share of responsibility for … Read more