The S&P 500 posts its worst week since 2023, as traders reprice their Fed cut predictions following a mixed jobs report. Dutch far-right politician Geert Wilders tells CNBC that “Europe is a monster”, as his party tries to navigate its future relationship with the EU. Asian equities reel from soft landing jitters as Chinese consumer inflation numbers come weaker than expected. In France, more than a hundred thousand people take to the street to protest the appointment of Prime Minister Michel Barnier, while Paris asks the EU for more time to confirm its debt plans. And in tech, Apple is set to unveil its newest iPhone, betting on Ai to drive demand and fight off competition from China, as Huawei plans its own launch later today.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

U.S. employment data sends mixed signals as global equities tread water ahead of a crucial nonfarm jobs report. Markets are split between a 25 and 50 basis point cut at the Fed’s next meeting - Nobel Laureate Joseph Stiglitz tells CNBC that he is voting bigger. OPEC-plus producers delay plans to ramp up oil production by at least two months, as crude prices slump to their lowest level this year. Elsewhere, President Macron appoints veteran conservative Michel Barnier as France’s new Prime Minister after a nearly 60-day stalemate. Volvo CEO Jim Rowan tells CNBC that the EV transition is taking longer than expected, as the carmaker scraps plans to go fully electric by 2030.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 notches back-to-back sessions in the red while mega-cap tech stocks claw back recent losses in what has been a volatile start to September on Wall Street. Qualcomm launches a new AI PC processor, challenging Intel and AMD. CEO Cristiano Amon tells CNBC the X Elite series is a threat to incumbents in the sector. Iconic UK fashion house Burberry is relegated out of the FTSE 100 after 15 years on the exchange. Daimler Truck promotes Karin Rådström to CEO, replacing Martin Daum at the helm from October.   See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Chip giant Nvidia sees shares tumble by almost 10 per cent, wiping out close to $300bn of its market cap – the largest single-day fall in value of any American company on record. As a result, Wall Street notches its worst day since the tech rout seen in early August. The sell-off spreads across to Asia where Japan’s Nikkei leads losses. Semi-conductor firms TSMC, SoftBank, Samsung and SK Hynix are all in the red. In the U.S. factory activity contracts as the ISM comes in at 47.2. We hear from former Cleveland Federal Reserve President Loretta Mester who says the markets need to examine the rate projections beyond the September Fed meeting. BofA joins an ever-expanding list of American banks which doubt China’s 5 per cent GDP growth target. The private Caixin survey shows a slowdown in services growth. And in oil news, crude prices extend losses after falling more than 4 per cent yesterday with investors banking on greater supplies coming out of Libya.   See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Volkswagen is considering factory closures and job cuts throughout Germany for the first time ever in the face of fierce competition from Asian rivals. Brazil’s supreme court backs a ban on social media platform X and the country’s telecoms regulator considers sanctions against Elon Musk’s satellite internet provider Starlink as a row over free speech deepens. President Joe Biden has accused Israeli Prime Minister Benjamin Netanyahu of inadequate efforts to secure a ceasefire with Hamas while the UK suspends certain arms exports to the country. And in France, the political crisis nears its second month after President Macron fails to pick a new prime minister ahead of a key budget deadline.  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 Dresden, Germany where the AfD has claimed victory in the state of Thuringia and placed a close second behind the CDU in Saxony. Chinese manufacturing data shows the steepest decline in factory growth in six months, pushing Chinese equities into the red. In Israel, tens of thousands take to the streets to protest the lack of a ceasefire deal in Gaza, following the murder of six Israeli hostages in the territory. Brazil’s supreme court orders social media platform X to be shut down as CEO Elon Musk refuses to comply with the country’s censorship regulation.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Disappointment over Nvidia’s profits slashes the chip titan’s market cap by more than $200bn but the Dow continues in the green to post its 25th record session of the year. U.S. GDP and jobless numbers come in better than expected to ease market jitters and help reinforce hopes of a rate cut next month. U.S. Vice President Kamala Harris gives her first interview since securing the Democratic Party nomination to CNN. And in tech news, Apple and Nvidia are reportedly ready to fund OpenAI which would value the ChatGPT maker at more than $100bn.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Nvidia shares fall in extended trade despite the A.I. chip giant posting a quarterly beat. Other Wall Street and Asian chip makers have been affected after hours but Nvidia CEO Jensen Huang remains bullish. CNBC learns that artificial intelligence start-up in talks for a new round of funding that could see it valued at more than $100bn. And Warren Buffet’s Berkshire Hathaway becomes the first company outside the tech sector to be valued at $1tn.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Dow notches its 24th record high so far this year with Wall Street in the green ahead of highly anticipated earnings from chip titan Nvidia later today. Bio-solutions company Novonesis hikes its FY guidance following a 10 per cent sales increase in the second quarter. GOP presidential candidate Donald Trump faces a fresh indictment from the Special Counsel over attempts to overturn the 2020 election result. And in tech news, Super Micro Computer sees its shares plunge following allegations by Hindenburg Research the server maker had manipulated its accounts.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Dow hits a fresh record high, splitting from the Nasdaq and S&P 500 which both plunge into the red on weakness in chip production. CNBC hears from former Dallas Fed President Robert Kaplan who says he is expecting a 25 basis point cut from the central bank. Industrial profits in China grow at the fastest pace in 5 months, driven by the high-tech manufacturing sectors. Miner BHP beats earnings expectations and says it will be doubling down on its copper-related projects following its failed bid for rival Anglo American. CEO Mike Henry tells CNBC that Beijing’s support could also benefit steel for the company. In France, President Emmanuel Macron rejects working with the left-wing NFP alliance choice for PM. And in entertainment news, Paramount is set to be snapped up by Skydance after media tycoon Edgar Bronfman Jr. drops his bid to buy the company.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Rate easing optimism pushes Wall Street to its second week in the green as Fed Chair Jerome Powell sets the scene for a September cut, with traders still pondering the possibility of a potential 50 basis point move. However Bank of England Governor Andrew Bailey and ECB Chief Economist Philip Lane are more cautious on the outlook. U.S. Vice President Kamala Harris’ presidential campaign says it has raised $540 million in little more than a month, as Republican vice-presidential candidate JD Vance endorses trade tariffs. In the Middle East, Israel declares a 48-hour state of emergency as fears grow of escalation between it and Hezbollah - in the biggest round of strikes between the two since 2006.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In the U.S. Kamala Harris officially accepts the Democratic presidential nomination at the DNC in Chicago. She took aim at ‘unserious’ Republican rival Donald Trump during her historical address. U.S. Treasury yields are up and equities in the red as investors await Fed Chair Jerome Powell’s big Jackson Hole speech this afternoon with policy makers considering a rate cut in September. Meanwhile in Japan, inflation moves higher as BoJ governor Kazuo Ueda signals rates will be raised again should data stay on track. And Nestlé CEO Mark Schneider steps down from the helm of the world’s largest food and beverage producer following poor recent performance. The company is due to install insider Lauren Freixe as soon as next month.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Dovish FOMC minutes and a shock revision to the jobless numbers reinforce expectations that the Federal Reserve will slash rates next month. The S&P 500 bounces back to record its highest level in 5 weeks ahead of Fed Chair Jerome Powell’s highly anticipated speech at the Jackson Hole Symposium tomorrow. Retail giant Target’s shares are 11 per cent higher after the company beat expectations as U.S. consumers continue to experience price pressures. Minnesota governor Tim Walz officially accepts the Democrat nomination for vice-president on the third day of the DNC in Chicago.  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 Nasdaq both break an eight-day winning streak with the recent recovery stalling ahead of Fed Chair Jerome Powell’s widely anticipated speech at the Jackson Hole Symposium later this week. In Chicago, the DNC officially votes on the the presidential nomination of Kamala Harris and her running mate Tim Walz with former president Barack Obama endorsing the current vice-president. The EU adjusts its planned tariffs on Chinese EVs with Tesla catching the biggest break – now facing duties of only 9 per cent compared to the anticipated 20.8 per cent. In Germany, Taiwanese chip maker TSMC breaks ground on its first plant in Europe. Meanwhile shares in Chinese e-retail giant JD.Com plunge following Walmart’s confirmation it will sell its stake in the company. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Democratic National Convention opens in Chicago with an emotional President Joe Biden speaking of leadership and legacy and urging support for the party’s presidential nominee, Kamala Harris. The S&P 500 notches a rare eighth consecutive day in the green with the momentum edging Wall Street towards new record highs. A new labour report reveals cracks ahead of Fed Chair Jerome Powell’s highly anticipated speech at the Jackson Hole Symposium later this week. However, Goldman Sachs’ chief economist Jan Hatzius believes slowdown fears in the U.S. are exaggerated. And in the Middle East, U.S. Secretary of State Antony Blinken says Israel has accepted a ‘bridging proposal’ in ceasefire talks. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Wall Street enjoys its best week since winter 2023 and European equities also notch their best week in 3 months. Goldman Sachs pares back its odd of a U.S. recession to just 20 per cent after a run of positive data ahead of the Fed’s annual economic summit in Jackson Hole, Wyoming later this week. U.S. Vice-President Kamal Harris presents her economic policies to voters in the wake of criticism of her plans to ban price-gouging nationally. U.S. Secretary of State Antony Blinken flies into Tel Aviv as Washington renews efforts to broker a ceasefire agreement between Israel and Hamas. 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 manages to claw back all its losses this month thanks to positive U.S. consumer and jobless data which calms investors about the health of the country’s economy. Japan’s Nikkei follows suit to record its best trading week in four years. Alibaba shares are up despite the e-commerce giant missing Q2 expectations while quarterly profits at JD.Com almost double. And the WHO declares a global public health emergency over the Mpox virus – the second time in two years.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 enjoys a fifth consecutive day coming in higher on the back of U.S. CPI dipping to below 3 per cent for the first time since 2021. Investors Michael Burry and David Tepper move towards Chinese tech as several top hedge funds move away from Magnificent Seven stocks. Japanese Q2 GDP beats expectations, growing more than 3 per cent and nudging the Nikkei higher. This sets up the BoJ for another rate hike. Meanwhile, Chinese manufacturing numbers come in soft, prompting calls for more stimulus measures from Beijing. Retail sales, however, came in positive.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Swiss banking giant UBS posts a second-quarter beat on both the top and bottom line with a net profit of $1.1bn. The lender’s global wealth management arm also notched $27bn of net new assets. Japanese PM Fumio Kishida has stepped down and will not contest next month’s election. U.S. stocks rally after softer-than-expected PPI numbers raise hopes the Fed will cut by 50 basis points next month. The U.S. CPI print will be released later today. And in tech news, the DoJ is reportedly seeking to break up Google after a court judges that the company has an illegal online search monopoly.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Japanese stocks are up 3 per cent after the public holiday weekend as a less volatile yen helps to allay market jitters. GOP presidential nominee Donald Trump sits down with X owner Elon Musk for a wide-ranging conversation on the social media platform with topics such as immigration and the economy in focus. In energy news, crude prices fall back following a 4 per cent surge as tensions in the Middle East ramp up. Israel has put its military on high alert following threats from Iran. And Danish jewellery maker Pandora shrugs off weakness throughout the luxury sector to hike its growth guidance for the second time this year.  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 fall just short of a complete recovery following what was the most volatile trading week of the year so far. Asian markets start the news week in the green. Ukrainian president Volodomyr Zelenskyy has for the first confirmed his country’s incursion into Russia’s Kursk region. The advance is the largest into Russia since the start of the war. New polling from the NYT shows Democratic presidential nominee Kamala Harris pulling ahead of GOP rival Donald Trump in 3 key swing states. Harris, however, says she is not eyeing the polls. As the Paris Olympics draw to a close, French president Emmanuel Macron tells our NBC colleagues politicians would do well to take inspiration from Olympic athletes.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Better-than-expected jobless data boosts the S&P 500 to its best session in almost 2 years, allaying recent recession fears. However, Asian equities falter late in the session with markets failing to claw back ground lost during Monday’s historic sell-off. July’s consumer prices in China come in hotter than anticipated, helping to push Beijing authorities to prop up spending. And Republican presidential nominee Donald Trump has said he should have sway within the Fed if re-elected. He has also agreed to debate Democrat nominee Kamala Harris in September.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Siemens net income surges by almost 50 per cent in Q3 and the firm confirms its FY guidance despite some orders slowing. Japan’s Nikkei 225 pares losses as Wall Street ends back in the red. JPMorgan estimates the U.S. economy has a 1 in 3 chance of falling into recession this year but CEO Jamie Dimon tells our colleagues Stateside things remain OK – for now. We hear from Infineon CEO Jochen Hanebeck who tells CNBC that the race for building the next generation of A.I. data centres is now on as the German chip giant opens a new facility in north-west Malaysia. And in media news, Warner Bros. Discovery shares slide in extended trade off the back of a $9bn write-down. Disney feels similar weakness despite the firm’s combined streaming profit coming into the black for the first time.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Wall Street is back in the green after a three-day losing streak and the rebound continues across Asia as the BoJ’s deputy governor waters down talk of any further rate hikes in the near future. Democratic presidential nominee Kamala Harris selects Minnesota governor Tim Walz as her running mate in a bid to secure support in crucial Rust Belt states. In China, exports unexpectedly fell to a three-month low however imports were up, growing at their fastest pace since April. We are live in Copenhagen where Europe’s largest company, Novo Nordisk will report earnings. Analysts predict a further increase in guidance from the Danish pharma giant.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Japanese stocks bounce back with the Nikkei on track for its best session since 2008. U.S. futures are also set to gain following a near-wipeout on Wall Street after the Dow fell by 1,000 points. Kamala Harris is officially named the Democrat nominee for president and is due to announce her VP pick. Tim Walz of Minnesota and Josh Shapiro of Pennsylvania are the last candidates standing. Google loses a momentous anti-trust case after a U.S. federal judge deems the company to have an illegal online search monopoly.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Japan’s Nikkei 225 sees further selling, plunging the index into bear market territory while the South Korean KOSPI is on track for its worst session since the Covid pandemic. The Nasdaq suffers its worst 3-week run since September 2022 as non-farm payroll data disappoints. Berkshire Hathaway dumps close to half of its Apple shares to boost its coffers to a record $270bn. In the Middle East, Israel readies itself for possible retaliation from Iran following the suspected assassinations of Hamas leader Ismail Haniyeh in Tehran and a senior Hezbollah commander in Beirut.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Global stocks stumble: the Nikkei tracks toward its worst day in more than four years, after a rough session on Wall Street sees equities close firmly in the red. Amazon sinks on the back of a first revenue miss in nearly two years - while Apple post a 5% sales boost, even as China revenues dip. Intel shares plunge as the chipmaker reports worse than expected results and weak guidance - and says it will cut 15k jobs as part of a $10 billion cost reduction plan. And the Bank of England cuts rates for the first time since 2020, voting 5-4 in favour, with Governor Andrew Bailey pledging caution ahead.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 sees its best day since February and the 10-year treasury yield touches its lowest level since March, as Fed Chair Jerome Powell lines up the first rate cut of the cycle. Meta shares climb in extended trade after a beat on the top and bottom lines, while issuing an upbeat outlook. Qualcomm shares dip despite topping forecasts, while Arm plunges as the chip designer warns of weakness in some markets. And, the Bank of England weighs up whether to cut rates for the first time since 2020, with the decision seen on a knife-edge.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Bank of Japan hikes rates for only the second time since 2007, and unveils an aggressive plan to cut monthly bond buying in half. Microsoft falls in extended trade as the tech giant posts its first miss on cloud revenue growth since October 2022. HSBC second quarter net profit drops, but it announces a 3 billion dollar buyback. And L’Oréal misses second quarter sales estimates, posting its slowest quarterly growth in more than two years amid soft demand in China. 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 its largest ever share buyback as it posts a 5-percent rise in first half pre-tax profit. Asian equities come under pressure, as the Bank of Japan begins its two day meeting with a rate hike on the table, while the Fed kicks off its own meeting later today. Arm shares drop more than 5 percent as HSBC warns of short-term earnings downside on a weaker-than-expected AI outlook. And, Tesla shares drive higher after Morgan Stanley names the EV-maker as its "top pick" in the U.S. auto sector.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Asian equities bounce, shaking off a down week Stateside, as investors look to a trio of central bank decisions and a slew of earnings. China's factories see robust profit gains in June, offering a ray of hope to authorities as they grapple with a slowing economy. U.K. Chancellor Rachel Reeves is set to unveil a review of public finances today, with key infrastructure projects potentially on the line - as she tells CNBC more money will be available to invest in public services. And Republican presidential nominee Donald Trump tells a crypto conference, never sell your bitcoin.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 Nasdaq are set to end their second consecutive week in the red as investors continue to move away from the major tech stocks. U.S. GDP data surprises to the upside in Q2, with the economy growing close to 3 per cent and business investment reaching its fastest pace in almost a year. In luxury news, French designer Hermes bucks the downturn in the sector, posting a 13 per cent sales surge in the second quarter. Ray-Ban maker Essilor Luxottica sees revenue jump by 5 per cent in Q2 despite slowing growth in North America. The company confirms that Facebook parent Meta may take a stake in the company.  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 Nasdaq post their worst session since 2022 as tech stocks continue to slide. Asian equities suffer as a result. Lacklustre demand for luxury goods in China impacts Kering’s quarterly sales with further declines expected in H2. French autos giant Renault notches record H1 numbers on the back of strong EV sales and cost-cutting measures. The firm has backed its FY guidance. However, Ford has posted its biggest earnings miss in 2 years with guidance further disappointing investors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Alphabet sees its shares slide as YouTube ad revenue comes in soft. Tesla stock is also down as the EV maker notches its fourth earnings miss in a row. CEO Elon Musk, however, remains bullish about the company’s self-driving USP. Luxury giant LVMH misses topline quarterly forecasts as Chinese consumers pare back spending . The French group is the latest victim of a larger slowdown within the sector. In banking news, German lender Deutsche Bank posts a narrow Q2 beat on the topline, coming after its second quarter of double-digit growth in commissions and fee income. Spanish bank Santander hikes its FY revenue guidance following a 20 per cent increase in quarterly net profit. And in France, the euro group’s largest bank, BNP Paribas, tops expectations on strong quarterly results in its corporate and institutional banking units. We hear from CFO Lars Machenil who tells CNBC his bank’s guidance is not dependent on ECB rate cuts.    See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

U.S. Vice-President Kamala Harris strengthens her position as the frontrunner for the Democratic nomination, gaining the backing of a majority of pledged delegates. U.S. stocks rally with mega-caps clawing back some recent losses ahead of key earnings today. CNBC learns that cloud security firm Wiz has spurned Google’s $23bn takeover bid and may instead focus on listing. SAP posts a 25 per cent jump in Q2 cloud revenue, bringing the firm’s backlog to $14.8bn. And in auto news, Porsche cuts its FY sales guidance due to faltering Chinese demand and possible impairment charges linked to supply shortages.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

U.S. President Joe Biden drops out of the 2024 race for the White House and endorses Vice-President Kamala Harris for the Democratic nomination. Harris gains some early backing since yesterday’s announcement but key Congressional figures and former President Barack Obama stop short of endorsing her candidacy. In China, the PBOC surprises markets by cutting rates, increasing support for the country’s flagging economy. In aviation news, Boeing forecasts the global passenger and freight fleet will double in the next 20 years. This, as near-term production and delivery delays dog the U.S. plane maker ahead of this year’s Farnborough Air Show.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Wall Street is split, with the Nasdaq recording its worst session since December 2022 while the rotation away from tech stocks continues, helping the Dow to close above the 41,000-point mark for the first time. President Biden pulls out of an event in Nevada after testing positive for Covid while at the RNC in Milwaukee, Ohio Senator JD Vance invokes the words of JFK during his formal acceptance of the GOP vice-presidential nomination. We are live in Frankfurt where it remains all but certain the ECB will keep rates steady, with the possibility of one more cut later this year. Swedish-Swiss robotics giant ABB posts record Q2 operational margins and hikes its FY guidance as net profit comes in at more than $1bn. We are also live at Blenheim Palace, Oxfordshire where new UK Prime Minister Keir Starmer is set to welcome European leaders at the EPC conference in a bid to reset relations between the UK and the Continent.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Semi-conductor earnings are in focus with ASML earnings due while shares in TSMC slump after GOP presidential nominee Donald Trump says he would demand Taiwan pays for American protection against China. The Dow rallies more than 700 points to close at a new record high on new optimism over Fed rate cuts. HSBC appoints Georges Elhedery as its new group CEO. He is due to take up the position in September. And Adidas notches a Q2 earnings beat and hikes its full-year guidance after strong sales of its retro trainer range.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Donald Trump selects Ohio senator JD Vance as his running mate for November’s presidential election, just two days after the weekend assassination attempt in Pennsylvania. U.S. President Joe Biden defends his mental acuity in an NBC interview while warning that the threat from his opponent is too serious to ignore. German clothing brand Hugo Boss slashes its sales forecast for the second time this year, adding to Burberry and Swatch’s warnings for the luxury sector. And the impasse deepens in France among the victorious far-left faction with talks over naming a new prime minister breaking down.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Former U.S. President Donald Trump survives an assassination attempt while speaking at a campaign rally in Butler, Pennsylvania ahead of his formal presidential nomination at the GOP convention in Milwaukee. President Joe Biden makes a televised address to the nation condemning the shooting, asking Americans to ‘cool down’ political rhetoric. In China, Q2 GDP falls short of expectations slowing to 4.7 per cent amid lingering consumer demand weakness. Google parent Alphabet is reportedly in advanced talks to swoop for cyber security firm Wiz for approximately $23bn, which would be its largest ever acquisition.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

President Biden remains defiant in the face of top Democrats’ calls to step down from the presidential nomination following his latest string of gaffes during last night’s NATO press conference. The S&P 500 and the Nasdaq are both down from recent record highs as the U.S. inflation print for June comes in as the weakest monthly reading in 4 years. Tesla shares nosedive following reports that its robo-taxi rollout has hit another delay due to prototype building. In Japan, the yen sees a sudden surge overnight fueling speculation an intervention by the BoJ could be imminent. The Nikkei 225 falls from record levels. And we are live at Apple’s central London store where the Vision Pro mixed reality headset goes on sale in more countries beyond the U.S. and Asia.   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 records its longest streak in the green, closing above 5,600 for the first time ahead of today’s U.S. CPI data print. In Washington, NATO leaders are set to announce new aid measures for Ukraine while criticising China over its alleged support for Russia’s war in the country. Samsung unveils a range of new products at its Galaxy Unpacked event in Paris with upgraded A.I. models dominating its line-up. And actor George Clooney adds his voice to the growing chorus calling for President Joe Biden to step out of the electoral race. Former House Speaker Nancy Pelosi has warned that any decision to be taken by Biden must be quick.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Fed Chair Jerome Powell testifies on Capitol Hill, giving one of his strongest signals yet that a rate cut may be imminent. Powell said that holding rates too high for too long may jeopardise the health of the U.S. economy. As a result, the S&P 500 and Nasdaq hit new record highs but markets are down in Asia as China’s June inflation data disappoints. We are live in Washington D.C. where gathering NATO leaders have pledged a series of air defence systems to support Ukraine and mull what a potential second Trump presidency could mean for the future of the alliance. And in South Korea, Samsung is hit with an indefinite all-out strike by its 30,000-strong labour union which is demanding better wages and benefits following the company’s recent stellar sales and profits.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The French political impasse deepens as the leftist bloc insists it will head the next government. This, while President Emmanuel Macron rejects Prime Minister Gabriel Attal’s resignation. The S&P 500 and Nasdaq both close at record highs while in Asia, the Nikkei rallies by more than 2 per cent as investors anticipate Fed Chair Jerome Powell’s Congress testimony later this week. U.S. President Joe Biden has doubled down, insisting he will remain in the presidential race while donors and senior Democrats publicly express concerns over his mental acuity and general health. Markets are now pricing in a second term in office for former U.S. President Donald Trump. In energy news, crude dips as rigs in the Gulf of Mexico are impacted by Hurricane Beryl with widespread power cuts reported along the Texan coast.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

France’s left-wing coalition scores a shock victory in the country’s parliamentary elections, holding off Marine Le Pen’s Rassemblement National who finished third. The country now faces a hung parliament with no clear indication of who will lead the government. Prime Minister Gabriel Attal has said he will resign later today. We are live in Paris for the latest. The euro and bond futures both fall as investors begin to assess the repercussions of last night’s poll, concerned with higher deficits and spending. U.S. unemployment figures are down to 4 per cent for the first time in 3 years but last month’s jobs figure comes in stronger than expected.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Sir Keir Starmer’s Labour Party wins a landslide election in the UK, securing the largest majority for any political party since 1997. The Conservatives are on track to lose 218 seats - a historic low for the party. The Liberal Democrats claw back former Tory seats while Reform UK notch 15 per cent of the national vote. We are live outside the House of Commons and Downing Street for the latest. Sterling trade is cautious but the FTSE moves slightly higher as investors digest the results of the UK election.  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 Nasdaq hit fresh records while the ADP report shows new jobs slowing for a third consecutive month. New polls indicate a hung parliament in France with the Rassemblement National falling just short of an absolute majority ahead of Sunday’s second round vote. Former U.S. president Donald Trump increases his lead over incumbent President Joe Biden as a growing number of senior Democrats urge him to withdraw from the race following last Thursday’s head-to-head debate. And here in the UK, millions of voters head to the ballot box for the country’s general election.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Federal Reserve Chair Jerome Powell hails the U.S. central bank’s work to rein in inflation but also echoes ECB President Christine Lagarde, telling CNBC he requires more data before moving to cut rates. Markets remain sanguine with the S&P 500 breaching the 5,500-point mark for the first time as investors take heart from Powell’s positive remarks. In autos news, Tesla shares are up after a Q2 delivery beat despite the total full-year figure coming in low. In France, parties form a republican front in a bid to quell a National Rally majority in this Sunday’s second-round parliamentary election. And in the UK, Prime Minister Rishi Sunak warns against a Labour super-majority ahead of tomorrow’s general election.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.