Stoxx 600 notches new high on ECB top job conjecture

News of a potential choreographed change at the top of the ECB has pushed Europe’s Stoxx 600 to another record close. Wall Street also closed in the green even though FOMC minutes signal a rate cut pause in the near term. We are live at the A.I. Impact summit in New Delhi where we hear from Microsoft CEO Brad Smith. He tells CNBC that U.S. and European tech companies should be wary of increased Chinese competition within the A.I. sector. Continued tensions in the Arabian Sea over potential U.S. naval intervention in Iran, pushing crude prices more than 4 per cent higher in yesterday’s session. Swiss food giant Nestlé beats Q4 sales expectations and has unveiled plans to streamline its product portfolio.

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