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.
Global stocks traded cautiously Wednesday, with investors focused on both the U.S. Federal Reserve's September rate decision later today in Washington and the impact of last weekend's attacks on two key Saudi oil facilities on world crude markets.
CDW shares were indicated sharply higher in pre-market trading Wednesday after the IT solutions group was tabbed to join the S&P 500 next week.
The New York branch of the U.S. Federal Reserve said Tuesday that will add as much as $75 billion in cash to broader markets in order to hold the Fed's key rate inside its target range.
Boeing shares drifted modestly higher Tuesday after the world's biggest planemaker lifted its forecast for aircraft demand in China, the world's biggest market, amid ongoing questions over the return of its troubled 737 MAX jet.
Global oil prices swiftly declined Tuesday, following the biggest single-day surge in more than three decades, following a Reuters report that suggested Saudi Arabia could bring its disrupted production facilities back on line within a matter of weeks.
Global stocks edged lower again Tuesday, following one of the biggest single-day declines in oil prices on record, as investors adopted a cautious stance on risk ahead of the Federal Reserve's two-day rate-setting meeting and the start of formal U.S.-China trade talks later this week.
Global fund managers continue to favor U.S. equities, according to Bank of America Merrill Lynch's benchmark survey published Tuesday, but crowded fixed income positions have increased concerns for a "bond market bubble" as yields hover near record lows.
Global oil markets eased modestly Tuesday, following the biggest single-day surge in more than three decades, but prices could continue to climb in the coming weeks as investors assess the impact of weekend drone attacks on Saudi oilfields and look to U.S. shale production to fill the expected gap in world crude supplies.
Anheuser-Busch InBev launched the second attempt to float its Asia business on the Hong Kong Stock Exchange Tuesday, telling investors it plans to raise up to $6.6 billion.
Apple launched its case against a controversial EU tax ruling Tuesday, arguing the decision "defies common sense" as it seeks to avoid paying around $14 billion in fines and penalties.
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