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 extended declines into a second session Wednesday, following on from last night's sharp selloff on Wall Street, as investors continue to question that fate of U.S.-China trade talks and re-set assumptions for growth and inflation as a key bond market signal flashes warning signs of recession.
European government bond yields fell to multi-month lows Wednesday, following yesterday's moves in U.S. Treasuries that have ignited concerns over the prospect of recession in the world's largest economy, as investors continue to pull away from risk markets and test the Federal Reserve's resolve on future interest rate hikes.
U.K. Prime Minister Theresa May staggered into the final days of debate before a key parliamentary vote on her much-derided Brexit deal next week that could either cement the nation's exit from the European Union or trigger unprecedented chaos in British politics.
Global investors were rattled Tuesday by a move in U.S. bond markets that could signal slowing growth in the world's largest economy and taint the bullish sentiment provided by an apparent breakthrough in trade talks between Washington and Beijing.
Apple shares slump following a report that the tech giant is considering promotional tactics such as promotional discounts and trade-ins to boost iPhone sales over the key holiday shopping period.
Dollar General cautions that extreme weather in the southeast United States will likely add to cost pressures that will hit profits over the second half of the year.
Global stocks weakened Tuesday, with investors fading yesterday's rally amid concern over a lack of detail in the recent U.S-China trade talks and signals from the bond market that suggest slowing growth in the world's largest economy.
Global oil prices extended gains Tuesday, taking U.S. crude to the highest levels in two weeks, amid increasing speculation that OPEC members will agree production cuts at their meeting in Vienna later this week despite concerns over co-operation from non-member Russia.
U.S. automakers surged Monday, while their European rivals booked the biggest single-session gains in more than a year, after President Donald Trump said China had agreed to lower tariffs on cars imported into the world's biggest market following an agreement with Xi Jinping to suspend their simmering trade war at this weekend's G20 summit in Argentina.
Apple's European supply chain, as well as its German-listed units, surged in early Frankfurt trading Monday as investors bet that a truce in the U.S.-China trade war will eliminate a key tariff risk that had been lingering over the world's most valuable tech company.
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