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Podcast: Squawk Box Europe Express
Episode:

Global stocks stumble

Category: News & Politics
Duration: 00:27:35
Publish Date: 2024-08-02 06:10:47
Description:

Global stocks stumble: the Nikkei tracks toward its worst day in more than four years, after a rough session on Wall Street sees equities close firmly in the red. Amazon sinks on the back of a first revenue miss in nearly two years - while Apple post a 5% sales boost, even as China revenues dip. Intel shares plunge as the chipmaker reports worse than expected results and weak guidance - and says it will cut 15k jobs as part of a $10 billion cost reduction plan. And the Bank of England cuts rates for the first time since 2020, voting 5-4 in favour, with Governor Andrew Bailey pledging caution ahead.

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