![35-year-old American moved to Chengdu and lives on $30,000 a year: ‘[It’s] poverty in America, but in China I’m living large’](https://image.cnbcfm.com/api/v1/image/108167583-1751548516689-chinacelia1.jpg?v=1751549197&w=1920&h=1080 "35-year-old American moved to Chengdu and lives on $30,000 a year: ‘[It’s] poverty in America, but in China I’m living large’")
Breaking News: Europe
European stocks open 1% higher after Trump announces Iran-Israel ceasefire
European stocks open higher We’re 20 minutes into Tuesday’s trading session, and the regional Stoxx 600 is up by around 1.2%. Travel and leisure stocks are leading the gains, with airlines jumping after the announcement of an Israel-Iran ceasefire. The Stoxx Travel and Leisure index was last seen trading 4.2% higher, putting it on track […]
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European markets start the week lower as Middle East crisis worsens
Dollar rises, yen falls As markets digest the U.S. strikes on Iran over the weekend, the dollar is on the rise, while other currencies typically seen as safe havens have lost momentum. The U.S. dollar index — which measures the greenback against a basket of major rivals — was 0.3% higher by 8:25 a.m. in […]
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European stocks rebound as focus remains on Middle East; UK retail sales slide
Apollo to supply £4.5 billion loan to UK nuclear project Cranes surround one of the two reactors being constructed at Hinkley Point C on September 27, 2024 in Bridgwater, England. Anna Barclay | Getty Images News | Getty Images U.S. asset management giant Apollo is set to provide a £4.5 billion ($6 billion) loan to plug a shortfall facing […]
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Bank of England holds rates steady, but a summer cut could still be in the cards
Exterior of the Bank of England in the capital’s financial district, on Feb. 6. 2025 in London, England. Richard Baker | In Pictures | Getty Images The Bank of England kept its key interest rate on hold at 4.25% during its Thursday meeting, with economists expecting the central bank to wait until August before it […]
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Switzerland enters era of zero interest rates
The Swiss National Bank (SNB) in Bern, Switzerland, on Thursday, Dec. 12, 2024. Stefan Wermuth | Bloomberg | Getty Images The Swiss National Bank on Thursday cut interest rates by a further 25 basis points to 0% — adding to concerns over a potential return to negative rates. The reduction was widely expected by markets ahead of the decision, […]
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European stocks to open in mixed territory as sentiment dips, traders await central bank moves
Good morning, here are the opening calls London at dawn. Dukas | Universal Images Group | Getty Images Good morning from London, and welcome to CNBC’s live blog covering European financial markets and the latest regional and global business news, data and earnings. Futures data from IG suggests a choppy start for European markets, with […]
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European stocks open mixed with Fed decision, Middle East conflict in focus
Sweden’s central bank cuts interest rate to 2% Sweden’s central bank cut its key interest rate by 25 basis points on Wednesday to 2% amid weakening inflation, but pointed to geopolitical risks ahead. “The economic recovery that began last year has lost momentum, and inflation is expected to be somewhat lower than in the previous […]
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UK inflation lingers at 3.4% in May, bolstering case for interest rate hold
Bags of potatoes grown in the United Kingdom at the D & F McCarthy Ltd. fresh fruit and vegetable wholesaler in Norwich, UK, on Tuesday, Feb. 28, 2023. An acute shortage of salad items on UK supermarket shelves has sparked a political debate, with some people in the industry blaming Brexit while others say its […]
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European stocks open lower as Middle East conflict weighs on sentiment
European stocks open lower We’re 30 minutes into Tuesday’s trading session, and stocks are broadly in negative territory. The pan-European Stoxx 600 was last seen 0.8% lower, hitting its lowest level in more than three weeks. The index had gained 0.4% on Monday, as global markets appeared to shrug off the impact of the escalating […]
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European markets rebound as Israel-Iran attacks continue; Renault down 6%
European banks, oil stocks lead markets higher European Stoxx 600 banks were 1.3% higher at 9:55 a.m. U.K. time, while oil and gas stocks gained 1.18% as investors took in the latest from the Israel-Iran conflict — which is driving crude oil prices sharply higher and reigniting inflation concerns. Sectors in decline include health-care, down […]
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