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Podcast: Squawk Box Europe Express
Episode: Markets roll back bets on December Fed cut
Description: Markets pare back bets on a December Fed cut, with Wall Street losing ground following hawkish comments from Jerome Powell over the strength of the U.S. economy. Meanwhile in China, fresh data paints a mixed picture on the economy as recent stimulus measures boosts retail sentiment, but the country’s key industrial sector continues to lose steam. In the U.K., Chancellor Rachel Reeves delivers her first Mansion House speech, announcing intentions to target regulation as she warns that the nation cannot take its status as a global financial centre for granted. In the U.S., President-elect Donald Tr...