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ECB Set To Begin Cuts, FTSE New Joiners & Europe's Africa Energy Gamble | Bloomberg Daybreak:...
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June 6, 2024
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16:46Now PlayingYour morning briefing, the business news you need in just 15 minutes.
On today's podcast:
(1) The European Central Bank is poised to start lowering interest rates from record highs, confident that inflation is sufficiently contained to ease the burden on the economy.
(2) Nvidia was already the world’s most valuable semiconductor firm. Now, it’s become the first computer-chip company ever to hit $3 trillion in market capitalization.
(3) A flood of cash from passive equity allocations will pour into the stock market in early July, setting up a continuing rally through the early summer, according to Goldman Sachs Group Inc.’s trading desk.
(4) LondonMetric Property will join the FTSE 100 Index in a reshuffle that pushes Ocado Group out of Britain’s blue-chip gauge for the first time in six years.
(5) The return of Brexit architect Nigel Farage as leader of Reform UK and a candidate in next month’s general election has seen the right-wing party close to within just two points of Prime Minister Rishi Sunak’s governing Conservatives, threatening a dire election result for the premier, a new poll by YouGov showed.
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