A measure of calm returned to equity markets after a selloff in top-performing technology names, with Micron’s earnings taking on added significance as a test for the artificial intelligence trade.
Nasdaq 100 futures rebounded after worries about stretched valuations sent the index down more than 3% in the previous session.
President Donald Trump said Iran will be able to use funds released from frozen accounts only to purchase food and medical supplies from the US, seeking to ease concerns about peace negotiations that both sides say are making progress. But Trump’s comments were disputed by Iran, the latest example of the two sides making conflicting claims about key issues, including the status of nuclear inspections.
France recorded its hottest ever night and day as the heat wave searing western Europe deepened, disrupting schools, transport and tourist sites. The extreme temperatures, driven by a high-pressure heat dome and reinforced by atmospheric shifts linked to a developing El Niño, have already been blamed for several deaths. Europe’s power supply is being squeezed by low wind generation and heat-related curbs at French nuclear plants, where high river temperatures are limiting output.
Today’s guests: Joyce Chang, JPMorgan Global Research Chair; Clemens Fuest, Ifo Institute President; Miljan Gutovic, Holcim CEO; Benoit Bazin, Saint-Gobain CEO.
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Chapters:
00:00:00 – The Pulse with Francine Lacqua
00:03:55 – Joyce Chang, JPMorgan Global Research Chair
00:11:27 – Clemens Fuest, IFO Institute President
00:18:23 – Iran Denies US Claims on Unfrozen Funds, Inspections
00:22:01 – E5 Leaders To Meet in Berlin
00:25:47 – Burnham To Flesh Out Economic Plan
00:29:58 – Teresa Ribera, European Commissioner fro Competition
00:30:57 – Miljan Gutovic, Holcim CEO
00:37:45 – European Heat Wave Expands
00:40:29 – Roland Busch, Siemens CEO
00:43:06 – Benoit Bazin, Saint-Gobain CEO
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