European Central Bank could unleash a jumbo rate hike as the economy slides toward recession

MORNING SQUAWK EMEA Wednesday, 07 September 2022 European Central Bank could unleash a jumbo rate hike as the economy slides toward recession Inflation in the euro zone hit 9.7% in August and with the continued pressure on energy prices it's expected to reach double-digit levels in the coming months. » Read more 'It's starting to cripple us': British fish and chip shops fear for their survival as costs surge Traditional British fish and chip shops are facing an "extinction event" as prices for energy and fish skyrocket, the industry's official body and shop owners have warned. » Read more Nomura cuts its China GDP forecast — again As of Tuesday, about 12% of China's GDP is affected by Covid controls on a weighted basis — up from 5.3% last week, Nomura analysts said. » Read more Water is now seen as a precious, vital and scarce resource in the global energy sector There have been concerns about how low water levels will affect the supply of some energy sources. » Read more This chip stock has convincingly beaten its peers this year – and analysts think it can go higher This outperforming chip stock returned over 15% in the second quarter, beating its peers and the S&P 500. » Read more Today's Guest Highlights on CNBC All times in CEST  06:00 Katharina Utermoehl Senior European Economist / Allianz 07:30 Ben Thompson Head of EMEA Leveraged Finance Capital Markets / JP Morgan 09:00 Jen Eisenschmidt  Chief Europe Economist / Morgan Stanley Send to a friend  |  Advertise  |  More newsletters  |  Digital Products  |  Unsubscribe © CNBC Inc. All Rights Reserved. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632