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SQUAWK BOX, WEDNESDAY 28TH JUNE, 2023 episode artwork

Jun 28, 2023 28 min

SQUAWK BOX, WEDNESDAY 28TH JUNE, 2023

from Squawk Box Europe Express

ECB officials attending the central bank’s annual forum in Sintra have played down talk of rate cuts. We hear from ECB chief economist Philip Lane who says the bank must remain data-dependent when making rate decisions. U.S. housing and consumer data shows resilience but Chinese industrial further declines by double digits. On Wall Street, the Dow breaks a six-session losing streak to stay on track to record its best month since November. Resurgent tech stocks have pushed the Nasdaq towards its best H1 for forty years. In banking news, UBS is reportedly ready to cut Credit Suisse staff by half starting next month.

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SQUAWK BOX, WEDNESDAY 28TH JUNE, 2023

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This episode was published on June 28, 2023.

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