Squawk Box Europe Express

SQUAWK BOX, WEDNESDAY 11TH MARCH, 2020


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In a special edition of the Squawk Podcast, we bring you two parts of our 3 hour programme.

 

Part 1: A whipsaw session as US stocks swing from a 900 point rally, to the brink of bear market, and back again, while Asian equities take a leg down amid unanswered questions over US stimulus. US Futures also trade lower after President Trump pitches a zero percent payroll tax rate, but his team fails to provide details on a promised fiscal package. EU leaders pledge decisive action to tackle coronavirus, announcing fresh investment and measures to prop up small business.

 Part 2: The Bank of England surprises markets with a 50 basis point cut, lowering interest rates from 0.75% to 0.25% and joining the Fed in delivering its first emergency move since 2008. The BOE warns that economic activity will weaken significantly due to the Coronavirus shock

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Squawk Box Europe ExpressBy CNBC International

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