Wall Street ends its worst month since the start of the pandemic. September saw Covid-related losses, supply chain issues and inflation woes all weighing heavily on U.S. indices. In Washington a shutdown was averted with President Biden signing off on a late-night bill to fund Congress. However, Democrats have bowed to partisan pressure and delayed the vote on the trillion-dollar infrastructure programme. And, BMW raises its full-year guidance in spite of the ongoing chip crisis. The German motor giant’s bottom line has been boosted by higher car prices. Former SPD leader Sigmar Gabriel tells CNBC he welcomes a new pro-European coalition in Germany. And in China, authorities have ordered all state-backed firms to keep energy supplies available “at all costs” as gas prices across the EU and UK soar to record highs.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Wall Street recovers but the S&P 500 and the Nasdaq are set to report their worst month for a year. We hear from the Delivering Alpha investor summit where TPG’s Jim Coulter predicts a volatile October. All eyes are on the U.S. Senate where Republicans are expected to continue their opposition to President Biden’s spending plans as well as a bill to suspend the debt ceiling after the measure was voted through the U.S. House of Representatives. The stand-off could set the scene for a potential government shutdown following Friday’s deadline. Chinese factory activity has shrunk for the first time since February 2020, with manufacturers feeling the pinch from high commodity prices. Chinese property developer Evergrande misses another bond coupon payment deadline, causing shares to drive lower once again. And gas prices contract by up to 7 per cent – the sharpest decline since January – but 3 more UK energy providers succumb to higher wholesale prices.  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 its worst session since March with tech titans such as Alphabet, Facebook and Microsoft all tumbling. There is talk of a looming broader correction in the sector. Asian markets see more selling as U.S. yields remain at 3-month highs with pandemic support set to be wound down. The Federal Reserve Chairman Jerome Powell warns Congress that inflationary pressures could be around for longer than first thought due to worsening supply chain pressures. U.S. Treasury Secretary Janet Yellen warns against a debt ceiling crisis after the Senate blocks a bill to extend the limit, saying the U.S. runs the risk of a “self-inflicted wound” on its economy. And troubled property developer Evergrande offloads a $1.5bn minority stake in a Chinese bank to a state-owned firm.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The UK fuel shortage crisis continues with supplies to emergency and essential services believed to be under threat. Officials, however, claim that panic-buying is now receding. Meanwhile, Chinese factory profits decline for the sixth consecutive month as rising commodity prices and supply chain issues bite. Also in China, Evergrande shares rise after the PBOC promised to protect housing market consumers. The property giant faces another interest payment tomorrow. In the U.S., Dallas Fed President Robert Kaplan and Boston Fed President Eric Rosengren resign as fallout from the central bank trading scandal increases. And coalition talks are under way in Germany. The FDP and the Greens are set to hold discussions, while the CDU’s Armin Laschet still hopes to become Chancellor despite coming second to the SPD’s Olaf Scholz.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Germany’s preliminary official election results are in but there is still no clear winner in the federal elections of Europe’s biggest economy. The CDU/CSU have suffered their worst showing since 1949, but the party candidate Armin Laschet believes he still has a chance of victory. The FDP and Greens will be kingmakers in the result, potentially paving the way for the country’s first 3-party coalition. Evergrande’s EV arm falters in Hong Kong trading as it issues a call for cash and postpones plans to go public. Another bond payment for the Chinese property giant looms on Wednesday. And in the U.K., scenes of long queues and panic-buying at petrol stations dominate the scene, as an HGV driver shortage prompts plans to involve the military to help with deliveries. BP has said that up to 30 per cent of its stations are now empty.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

We are live in Berlin and London for a special edition of Squawk Box ahead of Sunday’s German federal elections. Polls have narrowed with the SPD’s lead over the CDU now just down to a couple of points. During the last TV debate before the vote, candidates sparred over taxation, debt and foreign policy in the face of an ascendant China. We also hear exclusively from ECB President Christine Lagarde who believes that Angela Merkel’s 16-year tenure has left the country in a much stronger position on the world stage. Wall Street is in the green with the Dow and S&P 500 posting their best session since July. However, the Evergrande saga rolls on, leaving global investors in limbo as the troubled property giant enters a 30-day grace period to pay an offshore bond coupon. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

November seems likely for a potential Fed tapering announcement. Chairman Jerome Powell looks to possibly end support by the summer of 2022, with a rate hike later that year. The Dow and S&P react, closing in the green and ending a four-day losing streak, with bank stocks cheering the news. In China, Evergrande shares jump after the chairman pledges to prioritise shareholders, but doubts remain about an $83.5m interest rate payment on an offshore bond due today. And in Germany political campaigns enter the final stretch ahead of this Sunday’s election.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Chinese property development giant Evergrande says it is set to make an interest payment on its bonds as scheduled tomorrow. However, former PBOC advisor Li Daokui says that the company’s debt problems are far greater and the firm could well be dissolved. Mainland Chinese markets attempt to claw back losses on the news after an extended weekend. In the U.S., the House of Representatives has voted to prevent a government shutdown and suspend the debt ceiling. The GOP says it will block the bill in the Senate. JP Morgan CEO Jamie Dimon tells CNBC that market pressures could prompt the Federal Reserve to act more urgently and vigorously in tapering. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

U.S. indices suffer a torrid session, with the S&P 500 posting its worst day since May while the Dow falls by more than 600 points. In Japan, the Nikkei is also down. Standard & Poor’s warns Chinese property developer Evergrande will potentially default without government support. Beijing is seen as unlikely to step in with aid, unless the risk of contagion rises. And European countries are holding emergency energy talks to see off creeping gas prices, but UK Business Secretary Kwasi Kwarteng says supply fears are overblown. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

European gas prices soar, as the UK’s business and energy minister prepares to hold emergency talks with suppliers, but COP26 President Alok Sharma has played down concerns. In Germany, the SPD’s Olaf Scholz has emerged the clear winner in the latest TV debate ahead of this weekend’s general election. Chinese property developer Evergrande faces twin bond payment deadlines this week, prompting its share price to plunge on the Hang Seng. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The S&P closes lower, but pares losses after retail sales come in better than expected, despite Delta variant concerns. Meanwhile President Biden lays out plans to raise taxes on the highest earners and big business, as he looks to fund his infrastructure package and social policies. China applies to join the new Pacific Trade Pact, in a bid to boost its regional role, just a day after the formation of a U.S.-led Asia-Pacific security alliance. Polls open across Russia - as the country votes in three days of covid-impacted federal elections. And Maersk hikes guidance again, as the shipping giant says it expects freight tightness to run into next year -- while Citroen CEO Vincent Cobee tells CNBC the auto industry needs greater control over supply chains.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

US President Joe Biden announces a new Indo-Pacific security partnership with the UK and Australia - riling China. The French government meanwhile, voices its disappointment to have been excluded from the pact. In Germany, the front-runner to succeed Angela Merkel as Germany's next Chancellor, Olaf Scholz is summoned to appear before lawmakers over a money laundering scandal, just days before the country heads to the polls. And billionaire investor Ray Dalio makes waves in the crypto space, telling CNBC that regulators will crush bitcoin if it poses a threat to central banks. We take a look at global markets where Hong Kong is under heavy pressure once again, while Wall Street bounces back, and the S&P posts its best day in two weeks.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

China's August retail sales miss the mark, growing at 2 and half percent, nearly one-third the expected level, as the country deals with its worst Covid outbreak in over 18 months. In the US, price pressures appear to ease, as CPI jumps less than expected in August - but still hovers near 13-year highs. And Apple unveils its latest range of iPhones, as the world's most valuable company seeks to move past privacy and anti-trust concerns. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Dow and the S&P log their first positive day in six - ahead of today's CPI report, expected to show inflation running hot, potentially putting the Fed in a tough spot on its tapering timetable. U.S. House Democrats return from their August recess with a plan to roll-back Trump era corporate tax cuts, as they look to finance the 3-and-a-half-trillion-dollar infrastructure bill. And in Corporate news, German real estate company Vonovia drops a key condition in its bid to take over rival Deutsche Wohnen - potentially removing the last hurdle to the deal.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Asia markets see red on fresh regulatory concerns in China - as Beijing reportedly seeks to break up Ant Group's online payments platform Alipay, and amid calls for consolidation in the country's EV sector. In Europe, the SPD's Olaf Sholz pulls ahead in the polls, less than two weeks before the German election - hitting back at accusations he was culpable in a string of high-profile financial scandals. In France, the far-right's Marine Le Pen, and Paris Socialist Mayor Anne Hidalgo, launch their campaigns to oust the President Macron next year.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The leaders of the world’s two biggest super powers spoke for the first time in 7 months. U.S. President Joe Biden and Chinese President Xi Jinping agreed to avoid conflict while managing competition in a 90-minute call that the White House described as “familiar and candid”. Meanwhile, Wall Street extends losses despite an improving employment picture, while Asian equities bounce back as Chinese tech stocks recover from more gaming regulation. Beijing said approvals for new video games would only be slowed, dispelling rumors of a freeze on all new approvals. Meanwhile in Europe, the ECB announces plans to trim emergency pandemic support - but President Lagarde insists it's not a taper. And prosecutors raid Germany's finance ministry just three weeks ahead of elections in a move that could damage front-runner Olaf Scholz. Speaking ahead of the news, we hear from SPD leader Martin Schulz who tells CNBC the finance minister would bring positive changes to the chancellery.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Investors await one of the most contentious ECB meetings in months, as the central bank is expected to map out how it will pare back its emergency bond purchase programme. The Nasdaq retreats from record highs, joining the S&P and Dow in the red, sending Asian stocks lower, as the Fed's monthly Beige book reports a downturn in the economic outlook. China's factory gate prices surge to a 13-year high - coming in hotter than expected on the back of elevated commodity prices. And we are live from a dairy farm outside the Swiss city of Lausanne - one of Nestle's key suppliers - ahead of the release of the food giant's 'Regeneration Promise'.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The S&P and Dow close in the red after the Labour Day long weekend, with recovery concerns growing. Meanwhile big tech stocks push the Nasdaq to another record high. It’s a bumpy ride for Bitcoin after El Salvador's launch of the crypto as an official currency gets off to a rocky start amid protests and tech teething trouble. And German Chancellor Angela Merkel implores voters to back Armin Laschet in this month's election, as candidates make their pitch for the premiership, with her Conservatives lagging in the polls.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Chinese exports score a big beat - jumping more than 25-percent on the year in a sign the world's second largest economy may be performing better than a recent run of data suggested. The CEO of Daimler tells CNBC it's seeing strength across its product line, despite supply chain challenges that the group hopes will ease later this year. Porsche is also feeling the chip squeeze - the CEO tells CNBC, it's causing production line delays. And Bitcoin continues to push higher, breaking 52 thousand - as El Salvador becomes the first country to formally adopt the crypto as legal tender.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

We are live from the shores of Lake Como where EU Economy Commissioner Paolo Gentiloni says that the continent must move to fill the geo-political void created by the U.S. following the Afghanistan withdrawal. French Finance Minister Bruno Le Maire also echoes the sentiment, telling CNBC that EU nations must now increase defence spending. In the U.S., the August jobs report falls short of expectations with hospitality and leisure sector growth faltering. We are also live at the IAA Mobility show in Munich where VW CEO Herbert Diess says automated vehicles are the future of the car industry. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

U.S. weekly jobless claims come in at their lowest level since the early days of the pandemic, helping Wall Street to new record highs. We are live at the Ambrosetti Forum on the shores of Lake Como where former World Bank chief economist Joseph Stiglitz tells CNBC that he welcomes a tighter labour market. China’s services sector shrinks in the month of August, according to a private survey, plunging to levels not seen since the start of the pandemic. In Japan, Prime Minister Yoshihide Suga announces plans to resign, saying he will not run for re-election later this month. And in Italy, Prime Minister Mario Draghi says he may introduce a vaccine mandate. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

OPEC+ producers stand firm against U.S. pressure to sharply boost supply, agreeing to extend existing policy to return supply to market and hike forecasts. The S&P 500 ends the session flat after U.S. companies produced fewer August jobs than expected with Delta variant concerns weighing. The world’s largest chemical producer, BASF, has launched its de-carbonisation programme. We hear exclusively from CEO Martin Brudermueller who says German manufacturers require Berlin’s support to maintain competitiveness and to become sustainable. And Beijing now has ride-hailing apps in its crosshairs, accusing companies of hiring unapproved drivers and cars.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Chinese post-Covid economic recovery suffers a setback with factory activity shrinking for the first time in 18 months. Also in China, a new data security law launches as part of Beijing’s efforts to regulate the country’s internet future. In South Korea, a new bill is passed which will limit Apple and Google’s ability to control app store payments. OPEC and its allies have predicted that oil markets could tighten towards the end of the year but will see a surplus in 2022 as supply cuts are lifted. And in the U.S., President Biden doubles own on his decision to withdraw the military from Afghanistan, heralding an end to U.S. nation-building.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Manufacturing growth in China falters in August and the services sector contracts for the first time since the height of the pandemic. The U.S. completes its troop withdrawal from Afghanistan after a 20-year military mission in the country. More than 120,000 people have been evacuated with thousands more hoping to escape Taliban rule. In corporate news, Porsche has announced plans to open a factory in Malaysia next year - its first outside Europe. Zoom shares fall despite beating quarterly earnings forecasts as revenue growth is set to slow.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

President Biden issues a major disaster declaration for the state of Louisiana as Hurricane Ida makes landfall as a category 3 storm, with torrential rains and rising waters that have knocked out power and shut down the Gulf's oil platforms. Germany's SPD extends its lead over Chancellor Merkel's Conservatives, while a snap poll shows Olaf Scholz winning the 3-way debate, as Saxony's President tells CNBC the race is wide open. A US drone strike kills two high-profile ISIS members accused of plotting the deadly attacks in Kabul, as western forces continue evacuations ahead of tomorrow's withdrawal deadline. And Fed Chair Jerome Powell soothes taper concerns, striking a dovish note in his Jackson Hole address and leading US markets back to record highs. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

More than 60 civilians and 13 U.S. troops are killed by ISIS-affiliated suicide bombers outside Kabul International airport, where thousands are gathering in the hope of being evacuated ahead of the U.S. military withdrawal and Taliban rule. U.S. indices break their winning streak ahead of the virtual Jackson Hole summit this weekend. Key Fed speakers have told CNBC that tapering will begin within the next two months. This, as U.S. jobless claims rise slightly and GDP data misses guidance. Meanwhile in China, industrial profits are also down, growing at their slowest pace this year on increasing Delta variant concerns. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Both the S&P 500 and Nasdaq hit new record highs with markets now eyeing the upcoming virtual Jackson Hole summit of central bankers for clues of the Fed’s tapering path. The Bank of Korea hikes interest rates for the first time in three years. It’s the first developed economy to make the move since the start of the pandemic. In the U.S., the SEC is reportedly set to investigate DWS after a former Deutsche Bank asset management arm had allegedly exaggerated the unit’s ESG involvement. And in aviation news, Lufthansa and Delta Airlines push for fully vaccinated staff, as U.S. federal regulators look to greenlight more jabs. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

President Joe Biden has confirmed he will be adhering to his 31st August deadline to withdraw all U.S. military personnel from Afghanistan despite G7 leaders pushing for an extension, amid continued evacuation chaos in Kabul. With a month to go before Germany’s federal election, the SPD has pulled ahead of Angela Merkel’s CDU by a single point - the first time in 15 years. In market news, the S&P 500 posts its 50th record session this year ahead of this week’s Jackson Hole meeting of central bankers. And Beijing has accused Washington of attempting to drive a wedge between China and its Asian neighbours as U.S. Vice-President Kamala Harris cranks up the diplomatic pressure during the second leg of her South-East Asian tour in Vietnam.   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 have had a strong start to the week with the Nasdaq reaching a new record high. Asian indices follow suit on Tuesday with Chinese tech firms rebounding from recent lows, giving the Hang Seng a boost. In vaccine news, the U.S. FDA fully approves the Pfizer/BioNtech vaccine, prompting President Biden to call on companies to encourage employees take up the jab. Meanwhile, U.S. Vice-President Kamala Harris continues her tour of South-east Asia where she reaffirms American support and cooperation for the region, in the face of Chinese ‘coercion’ in the South China Sea. We’re also in Dresden where German electrical giant Bosch has reopened a new semi-conductor factory. CEO Harald Kroeger tells CNBC that current supply chains are not sustainable. And, as the situation in Kabul continues to deteriorate, President Biden will consider extending the U.S. troop withdrawal from Afghanistan after attending a G7 emergency meeting on the issue. The Taliban has warned the 31st August deadline is a “red line” that should not be crossed. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Asian markets bounce back after multi-month lows while crude also recovers, having seen its worst week of trading for nine months. Meanwhile, U.S. Vice-President Kamala Harris embarks on a five-day tour of South-East Asia to reassure allies against growing Chinese power and influence in the region. In Germany, with just five weeks before the general election, the CDU and SPD are level in the polls on 22 per cent. Support for Angela Merkel’s party has dwindled recently – its largest drop in public opinion since 2017. And as the chaos in Kabul continues, we hear from NATO Secretary-General Jens Stoltenberg who says the alliance is working hard to evacuate citizens and personnel from Afghanistan, but admits it was blindsided by the speed of the Taliban takeover last week.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

U.S. indices manage to reclaim losses to close broadly flat but in Asia the sell-off continues. Hong Kong’s Hang Seng sinks to a nine-month low while the Nikkei hits its worst levels since January. The world’s largest semi-conductor equipment manufacturer, Applied Materials, reports record Q2 results as Intel’s and Cisco’s CEOs tell CNBC that supply chain shortages will remain for the foreseeable future. Chinese authorities pass one of the world’s strictest data privacy laws in a bid to tackle data theft and online fraud. In retail news, Morrisons supermarket accepts a renewed $7bn takeover bid from private equity firm CD&R, rejecting the previous offer from Softbank-owned Fortress.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Fed talk of tapering nudges Wall Street down with FOMC minutes showing plans to pull back monthly bond purchases by year-end. The U.S. presses ahead with booster vaccines despite the WHO advising that poorer nations require the shots first. There are further quarterly earnings beats from U.S. retail and chip makers but Nvidia says cryptochip sales are soft and supply chain delays continue to cause concern. And in tech news, Robinhood revenues double in Q2, however the trading app says that activity is showing signs of slowing. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Dow breaks a five-day winning streak after U.S. retail sales came in lower than expected with a dip in July autos sales. Walmart and Home Depot both experience falling same-store sales but still beat expectations for the quarter. The RBNZ holds rates steady after expectations it would make the region’s first pandemic-era hike. The chaotic evacuations from Afghanistan continue. Many countries have pledged to take in refugees. Brussels says it will not officially recognise the Taliban authorities but has said it will engage in talks to prevent a humanitarian crisis.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

U.S. stocks hit new record highs, with the S&P 500 up 100 per cent from its pandemic bottom in what has been the fastest bull rally since WW2. CNBC hears from Boston Fed president Eric Rosengren who has reiterated his call for the FOMC to begin winding down its asset purchase programme from September. U.S. President Joe Biden stands behind his decision to withdraw troops from Afghanistan as the country falls to advancing Taliban forces. And in China, market regulators continue their tech crackdown, issuing new online competition rules. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

A raft of key Chinese data misses expectations with growth slowing across retail sales, industrial output and fixed asset investment. Asian stocks stumble and oil comes under pressure. The Taliban takes control of Afghanistan - with President Ghani fleeing the country. But the US stands by its decision to withdraw troops, amid a rushed evacuation of embassy staff and American citizens.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 reach new record highs on surging inflation, but the core number comes in lower than expected. CNBC hears from Dallas Fed president Robert Kaplan who suggests the tapering schedule could be accelerated to begin in October. It’s a big earnings day for European corporates. We hear from NN Group, Bilfinger and Zurich Insurance which sees a 60 per cent jump in H1 earnings and maintains its 2022 guidance. Meanwhile, Chinese autonomous vehicle company Pony.AI has shelved plans to list in the U.S. following Beijing’s continuing regulatory crackdown, yet HKEX CEO Nicolas Aguzin insists that concerns are overblown.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The S&P 500 hits its 47th record session this year as weekly jobless claims fall for the third straight week, but factory prices are up. Disney shares surge in after-hours trading with a quarterly beat across the board, driven mainly by doubling subscriptions for Disney +. Meanwhile, China closes down Ningbo - the world’s third-largest port - over Covid concerns, further straining global supply chains. In corporate news, sporting goods giant Adidas finally sells Reebok to Authentic Brands Group for €2bn – that’s €1bn less than what it had originally paid for the subsidiary 15 years ago.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. Senate passes a $1tn infrastructure bill with Democrats now focusing on a $3.5tn stimulus package. The Dow and the S&P 500 hit new record highs on the news, but the Nasdaq dips as treasury yields weigh on tech stocks ahead of key inflation data. In corporate earnings, Q1 profit at Lenovo more than doubles. The Hong Kong-incorporated laptop giant says net income margins will widen. Also in tech news, U.S. cyber security firm NortonLifeLock is set to take over Czech rival Avast in a $8.6bn cash and stock deal. Hackers hit blockchain provider Poly Networks with a $500m heist, impacting tens of thousands of accounts.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The S&P 500 and the Dow falter due to Delta variant spike concerns and the effect it may have on global demand. Energy stocks are particularly lower Stateside. But, some positive macro data could lift sentiment, as U.S. job vacancies hit a record high of 10 million at the end of June while several Fed governors push for a swifter reduction in stimulus measures. Meanwhile, Tencent-backed South Korean video game maker Krafton tumbles on its first day of listing in Seoul on worries of Beijing’s continuing tech regulatory crackdown. In pharma news, Germany’s BioNtech has hiked guidance with Q2 profits hitting almost €3bn on soaring vaccine demand.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Rising commodity prices weigh on China’s post-pandemic economic recovery with factory gate prices beating expectations, going up 9 per cent. The U.S. Senate inches towards passing the largest infrastructure spending bill in more than a decade. A couple of big earnings reports are in focus. On Wall St., Warren Buffett buys back a record $25m of Berkshire Hathaway stock after posting a 21 per cent in Q2 income. In the energy sector, Saudi Aramco is set to increase supply capacity after second quarter earnings surged by 288 per cent. However, crude is down on concerns of a drop in demand.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The S&P 500 hits a new record high on positive U.S. jobs numbers and redundancies fall to a two-decade low. Bank of England Governor Andrew Bailey tells CNBC that policy will be modestly tightened over the next few years as the balance sheet is reinforced to weather any future crises. In the U.S., President Biden signs an executive order calling for at least 50 per cent of all American cars and trucks to be electric by 2030. In South Korea, mobile-only lender Kakaobank has listed to become the country’s biggest retail bank. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Some major earnings misses and a disappointing private sector jobs report in the U.S. weigh on the S&P 500 and Dow, and Fed vice-chairman Richard Clarida says price rises may delay a hike in rates until 2023. Italian bank Intesa San Paolo plans a €3.3bn dividend as it reports shrinking loan losses amid the pandemic recovery. Uber records an earnings beat but losses widen as the ride-hailer spends big on driver incentives. And, from the platform to the object - Robinhood becomes a meme stock in its own right, closing 50 per cent higher in yesterday’s session.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The S&P 500 hits a new record high, shrugging off concerns about the spread of the Delta variant in the U.S. as the White House advances its vaccination drive. The head of the U.S. SEC has called on Congress to clamp down on the ‘Wild West’ of cryptocurrency markets. In autos news, Toyota sees net profit soar by 500 per cent and it reaffirms FY guidance. Service sector growth in China picked up last month but new outbreaks in the south of the country could undermine economic recovery. And oil prices remain steady despite reports of a potential tanker hijack by Iranian forces in the Gulf of Oman.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Standard Chartered announces it will be resuming its interim dividend and buy back $250m of shares after H1 profits soared by 60 per cent. French lender Société Générale reports €1.4bn net income for the second quarter. Delta variant spikes in the U.S. weigh on markets Stateside. We hear from the Fed’s Christopher Waller who says the economy is ready for tapering. And in China, online gaming stocks fall after state media attacks the industry as ‘spiritual opium’. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

It’s another big day of earnings on both sides of the Atlantic. E-retail titan Amazon misses quarterly revenue forecasts for the first time in three years, warning that the slowdown is set to continue. Cosmetics giant L’Oréal is buoyed by make-up and perfume sales to reach a Q2 beat as economies re-open. Swiss building materials firm Holcim has posted record results for H1 and margins are up across all of its units. We also hear from Schneider Electric and SNAM. Unicredit is holding exclusive talks to snap up Banca Monte dei Paschi in a deal brokered by the Italian government. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

It’s Super Thursday for many European corporates, including Volkswagen, Shell and Diageo. Credit Suisse releases a scathing report following an internal investigation into the bank’s failure to manage risk in the wake of the Archegos scandal. The Swiss lender’s investment bank revenues plunge by 40 per cent. Meanwhile, Airbus is buoyant, raising its guidance for deliveries and operating income. In the U.S., Facebook shares fall in after-hours trading despite beating Q2 earnings expectations. The social media giant is braced for a significant growth slowdown. And in China, tech shares lift after a CNBC source reveals that Chinese market authorities have met with top investment banks to calm concerns following Beijing’s recent regulatory crackdown. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Apple smashes Q2 expectations with every product line hitting double-digit growth and Chinese sales soaring by 60 per cent. The stock, however, is down as CEO Tim Cook warns of continued semi-conductor shortages. Deutsche Bank swings back into profit despite reporting trading headwinds in the second quarter. We also hear from the CFO of Santander after the bank posts a €3.6 bn H1 profit and says it will outfperform its 2021 targets. Plus, Gucci products drive French luxury firm Kering, which has almost doubled its revenue. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Tesla posts a record second quarter profit with net income of more than $1bn. However, CEO Elon Musk admits that the global semi-conductor shortage is causing serious problems for the company. Luxury giant LVMH sees sales soar by 80 per cent as economies reopen. Louis Vuitton and Dior are the standout brands in the quarter. French tyre maker is upping its full-year guidance after a strong H1 sales but supply chains concerns still remain. And in China, food delivery platforms are targeted by Beijing in its ongoing regulatory crackdown on tech firms.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.