Hermès’s market capitalization surpassed that of rival LVMH, the conglomerate which once tried to buy the maker of the coveted Birkin bag in a stealth raid that shocked the French corporate world 15 years ago. Stocks rose as US President Donald Trump floated a potential pause in auto tariffs, providing further relief to the market after he suspended levies on some consumer electronics.
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 Anna Edwards, Guy Johnson and Kriti Gupta.
Chapters:
00:00:18 – Trump Tariffs: Auto Exemption
00:01:15 – US Bonds: Bessent Downplays Selloff
00:05:11 – Trump Pharma Tariffs in Future
00:06:51 – LVMH Sales Miss
00:11:14 – Nvidia Ups US AI Production
00:11:39 – Zuckerberg Testifies in FTC Meta Case
00:12:24 – Harvard Funding Freeze
00:18:13 – Inflation Will Be ‘Temporary’: Fed’s Waller
00:24:35 – Stocks Gain on Auto Tariff Reprieve
00:28:50 – No ‘Clear’ Dollar Alternative: Rabobank FX
00:36:18 – Treasury, Fed Always in Contact: Bessent
00:46:07 – Luxury Stocks Slump at Market Open
01:04:21 – LVMH, Prada, Gucci Kering Stocks Down
01:13:24 – Investors Shy Away from US Assets
01:27:57 – EU Remains Ready for Fair Trade Deal: Sefcovic
——–
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