Europe on the right track, says IMF chief

Squawk Box Europe Express

We hear exclusively from IMF managing director Kristalina Georgieva who says Europe is on the right economic path but must take advantage of the single market or fall behind. The Nasdaq breaks its longest winning streak of the year as Nvidia shares pare back. However Wall Street is on course for a positive end to the week with energy stocks leading gains. The BoE signals it may cut interest rates in August after keeping them steady yesterday with a finely balanced decision. And in the Netherlands, Prime Minister Mark Rutte is on course to become the new NATO secretary-general after his only remaining rival, Romanian president Klaus Iohannis, withdraws from the race.

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