Baccardax, a former bond salesman who spent 8 years on the trading floor in Toronto and London, has worked in and around the global financial markets for more than 25 years, covering companies from birth in the bond markets to death in the bankruptcy courts -- and all points in between.
Following television stints with CNBC Europe in London, where he served as on-air Economics editor co-anchor of the Closing Bell program, Baccardax was named London Bureau Chief in October 2016.
Recent Articles By The Author
Daily Chatter: Something Rotten in the State of Denmark
A $200 billion money laundering scandal could cripple a Danish bank, and cloud other European lenders with suspicion, just as the need for U.S. dollar funding from their American peers begins to escalate.
US Bond Yields Rise, 2-Year Notes Pass Decade High, as Inflation Pressure Mounts
U.S. Treasury bond yields continued to rise Wednesday, taking two-year borrowing costs to the highest level in more than a decade, as investors crept back into riskier equity markets and calibrated the impact of faster inflation from the ongoing U.S.-China trade war.
US Stocks Gain, Yields Rise as Risk Appetite Returns Despite Trade War Salvos
Global stocks extended gains Wednesday, with markets in Asia following on from last night's rally on Wall Street, as investors cheered a smaller-than-expected reaction from both the U.S. and China in their ongoing trade war in what could be a signal that the world's two biggest economies may be prepared to broker an agreement.
Danske Bank CEO Resigns Amid $234 Billion Money-Laundering Scandal
Danske Bank shares slumped to a four-year low Wednesday after the Danish lender said its CEO would resign following a probe into money laundering at one of its branches in Estonia.
Stocks Rebound, U.S. Futures Rise as Markets React to Trump's $200B Tariff Move
Global stocks traded firmer Tuesday as investors reacted to White House plans to slap a smaller-than-expected levy of 10% on $200 billion worth of China-made goods.
Visa, Mastercard and Others Will Pay Extra $900M to Close Merchant Fees Suit
Visa and Mastercard shares traded lower in pre-market trading Tuesday after the credit card companies said they, as well as other defendants, will pay an extra $900 million to retailers in a settlement that would draw a line under a long-running antitrust lawsuit that ultimately cost the industry $6.2 billion.
US Stocks Dominate Global Fund Manager Bulls, But Trade War Risks Remain - BAML
Global fund managers continue to favor U.S. stocks over equity markets around the world, according to Bank of America Merrill Lynch's benchmark monthly survey, even as developments in Washington's trade war with Beijing create the most bearish outlook for the global economy in nearly seven years.
Tech Stocks Sputter as Trump Tariffs Provide Short-Term Relief, Lingering Risk
U.S. consumer tech stocks were given a reprieve from President Donald Trump's decision to slap fresh tariffs on $200 billion worth of China-made goods, but the threat of a third phase of levies on a tech-heavy basket of products keeps a significant cloud of uncertainty over the market's most-valuable sector.
US Stocks Weaken as Trump Preps $200 Billion Tariff Move in China Trade War
Global stocks weakened Monday as investors pulled cash from risk markets around the world amid reports that President Donald Trump is ready to impose tariffs on $200 billion worth of China-made goods as early as today while official in Beijing have vowed to retaliate to protect the nation's interests.
IMF Warns 'No Deal' Brexit Could Trigger U.K. Recession
Britain could spiral into recession if it leaves the European Union without a bespoke trade deal, the International Monetary Fund warned Monday, and economic growth will slow regardless of what deal it reaches over trade and tariffs with Brussels.