UK Chancellor Rachel Reeves is struggling to maintain financial market confidence, leading to a rise in borrowing costs, a rise in the 10-year bond yield to 4.84%, and the pound falling to near its lowest since 2023. Firefighters are making some progress on controlling several blazes that have scorched Los Angeles. The Kenneth Fire that broke out and expanded rapidly north of the 101 Freeway is 35% contained, while the massive blaze that erupted in the Pacific Palisades community earlier this week is showing very early signs of control. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Guy Johnson, Kriti Gupta and Lizzy Burden.
Chapters:
00:00:00 – The Opening Trade
00:01:09 – The Agenda: Gilt Yields Soar, US Jobs Report, LA Fires
00:05:48 – Kenneth Fire Aid Pledged by Joe Biden
00:08:24 – TSMC Beats Earnings on AI Sales
00:09:29 – Tiktok Ban Takes Effect Jan. 19
00:12:22 – Nikko Asset’s Naomi Fink Says Fed to Continue Rate Cuts
00:23:32 – UK’s Reeves Bids to Deepen China Ties
00:39:46 – Stocks to Watch: Ubisoft, Sainsbury, Airbus
00:45:38 – European Market Open
01:01:30 – Airbus Expects to Return to Pre-Pandemic Deliveries
01:06:26 – Nvidia Slams Biden
01:11:41 – Elon Musk Host Germany’s Weidel on X
01:22:56 – Medef Vice-President France Needs Stability, But Not at All Costs
01:26:35 – Tiktok Ban Discussion at US Supreme Court
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