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Podcast: Squawk Box Europe Express
Episode:

U.S. markets stuck in red ahead of inflation report

Category: News & Politics
Duration: 00:25:20
Publish Date: 2024-12-11 07:41:10
Description:

Wall Street is in the red with the Dow posting its fourth consecutive negative session ahead of today’s inflation print. President-elect Donald Trump’s selection of Treasury Secretary Scott Bessent gives Federal Reserve Chairman Jerome Powell a short-term vote of confidence but sounded doubtful he would retain his position beyond May 26th next year. U.S. Steel shares fall on a report that outgoing President Joe Biden will seek to block the takeover by Japan’s Nippon Steel later this month. In France, President Macron is set to name a new prime minister by the end of tomorrow but has so far excluded both far-right and far-left parties from talks.

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