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.
The Federal Reserve's views on the strength of the U.S. economy and the need for future interest rate hikes will be on full display this week as two key policymakers deliver speeches over the next two days and minutes of its November meeting are published Thursday in Washington.
Global stocks drifted lower Tuesday, with investors taking a cautious stance on risk following comments from President Donald Trump that suggested his weekend summit with China's Xi Jinping may not yield a breakthrough in trade talks between the world's two biggest economies and ahead of two key speeches from Federal Reserve policy makers that could clarify its near-term rate path.
Amazon said Tuesday that this year's 'Cyber Monday' was the biggest single-day shopping event in the company's history, adding that consumers purchased more than 180 million items across its global platform during the five-days that began on the Thanksgiving holiday.
Global stocks traded higher Monday, with Wall Street set to ride a record Black Friday spending weekend into solid opening bell gains while European benchmarks were buoyed by a breakthrough in Britain's EU exit talks and reports of a softening stance on spending from Italy's coalition government, as investors head into the final week of a tumultuous month for equity markets around the world.
Global oil prices rebounded Monday, following the biggest one-week drop in nearly three years, as a softer U.S. dollar and improved investor sentiment supported prices in early European trading despite persistent signals that supply will continue to outpace demand heading into 2019.
U.K. Prime Minister Theresa May won the support European leaders for her Brexit plan this weekend, a crucial milestone in Britain's path to leave the EU in March of next year, but faces a far more daunting task in selling that agreement to lawmakers back home.
European stocks traded notably lower Thursday, although volumes were low owing to the U.S. Thanksgiving holiday, as investors took a cautious stance ahead of a key weekend summit on Brexit and the ongoing budget standoff between Rome and Brussels.
Nissan said Thursday that its board voted unanimously to dismiss former chairman Carlos Ghosn following his arrest for alleged financial misconduct linked to his role with Japan's second-largest automaker.
Deutsche Bank shares traded lower in Frankfurt Thursday following a report from a German business magazine in which Citigroup CEO Michael Corbat dismissed the prospects of a tie-up with the troubled European lender.
Foot Locker shares surged Wednesday after the athletic apparel retailer posted stronger-than-expected third quarter earnings after the closing bell Tuesday that defied the sector's disappointing session ahead of this season's Black Friday shopping event.
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