Martin Baccardax

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

Global Stocks Climb on Reports of Detailed Trade Talk Progress, 'Patient' Fed

Global Stocks Climb on Reports of Detailed Trade Talk Progress, 'Patient' Fed

Global stocks extended gains Thursday amid multiple reports of significant progress in U.S.-China trade talks and confirmation from the Federal Reserve that it will remain "patient" on future rate hikes in the world's biggest economy.

Danske Bank Says US SEC Probing Money Laundering Allegations Alongside DoJ

Danske Bank Says US SEC Probing Money Laundering Allegations Alongside DoJ

Danske Bank shares traded sharply lower Thursday after the Nordic lender said it was in active discussions with the U.S. Department of Justice amid a criminal investigation into allegations of money laundering at one of its branches in Estonia.

Barclays Tops FTSE 100 After CEO Pledges Shareholder Returns Amid Activist Fight

Barclays Tops FTSE 100 After CEO Pledges Shareholder Returns Amid Activist Fight

Barclays shares traded at the top of the London market Thursday after Britain's second-biggest bank posted weaker-than-expected full year earnings but said it would increase investor returns this year as it faces increasing pressure from activists to boost its bottom line.

CVS Beats Q4 Earnings Forecasts but Guides for Weaker 2019 Profit

CVS Beats Q4 Earnings Forecasts but Guides for Weaker 2019 Profit

CVS Health trades sharply lower Wednesday after it posts stronger-than-expected fourth-quarter earnings but issues 2019 profit guidance that falls far short of Wall Street forecasts.

Owens Corning Tops Q4 Earnings Estimate, Boosts Dividend

Owens Corning Tops Q4 Earnings Estimate, Boosts Dividend

Owens Corning posted stronger-than-expected fourth quarter profits Wednesday and said it sees returning to a "strong conversion of adjusted earnings into free cash flow" over the coming year.

Merck Shares Drop After Keytruda Treatment Fails Late-Stage Liver Cancer Trial

Merck Shares Drop After Keytruda Treatment Fails Late-Stage Liver Cancer Trial

Merck shares slipped lower in pre-market trading Wednesday after the drugmaker said one of its key liver cancer treatments failed a late-stage trial only months after getting accelerated approval from the U.S. Food & Drug Administration.

Fed's $4 Trillion Balance Sheet in Focus Ahead of Minutes From January Meeting

Fed's $4 Trillion Balance Sheet in Focus Ahead of Minutes From January Meeting

The U.S. dollar held onto gains against its global peers Wednesday ahead of Minutes from the Federal Reserve that are expected to confirm the bank's recent signals on slower rate hikes and a more patient approach to monetary policy in the face of uncertain economic growth at home and notable weakening around the world.

Teva Slips After 'Pay-For-Delay' Settlement with US Federal Trade Commission

Teva Slips After 'Pay-For-Delay' Settlement with US Federal Trade Commission

Teva Pharmaceuticals shares were indicated lower in pre-market trading Wednesday after the drugmaker reached a settlement with the Federal Trade Commission over allegations it delayed the release of generic medicines through agreements with pharmaceutical rivals.

Walmart Faces Challenge to UK Merger Plans as CMA Questions Asda-Sainsburys Deal

Walmart Faces Challenge to UK Merger Plans as CMA Questions Asda-Sainsburys Deal

Walmart struggling U.K. subsidiary could be blocked from merging with a larger rival over concerns from the country's competition watchdog that the tie-up would lead to higher prices and a "poorer experience" for shoppers in Europe's second-largest market.

Stocks Mixed as Trump Hints at China Talks Extension; Fed Minutes Loom For Doves

Stocks Mixed as Trump Hints at China Talks Extension; Fed Minutes Loom For Doves

Global stocks traded cautiously higher again Wednesday, with markets in Asia touching fresh four-month highs, amid increasing signs of tangible progress in U.S.-China trade talks and a suggestion from President Donald Trump that negotiations could be extended if the two sides fail to reach an agreement by the first of next month.