TSMC boosted its outlook for the year after delivering record profit despite currency headwinds and the drag from US tariff uncertainty. The company raised its full-year revenue growth forecast to 30%, but said it’s taking a “conservative attitude”.
Chancellor of the Exchequer Rachel Reeves’ first budget appears to have cost fewer jobs than previously estimated, casting fresh doubt over the state of the British labor market after a string of data issues in recent years. Bank of England Governor Andrew Bailey guiding markets toward more reductions and traders putting the odds of a quarter-point cut next month at over 80%.
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 and Lizzy Burden.
Chapters:
00:00:00 – The Opening Trade
00:01:39 – Trump: ‘Not Planning’ to Fire Powell
00:05:10 – 10-15% Tariffs on 150+ Countries
00:07:19 – Trump Softens China Tone
00:10:02 – UK Unemployment Record
00:11:11 – Syria Israel Attacks
00:12:19 – JPMorgan Worth More than Rivals
00:16:41 – Trump Reverses Fed Chair Threat
00:33:43 – EU
00:33:43 – European Commission’s Roxana Minzatu
00:35:39 – EU Immigration
00:38:14 – TSMC Stock
00:41:56 – TACO Trade
00:47:17 – Stocks to Watch: Chips Stocks, Novartis, ABB
00:59:05 – ABB Stock Surge
01:02:14 – Volvo Car on Cost Cuts
01:07:43 – Novartis Lifts Outlook
01:10:24 – Wise Stock Down
01:13:22 – G20 Meeting South Africa
01:21:49 – Tariffs on 150+ Countries
01:25:37 – Goldman Best Stock Trading Quarter Ever
01:33:27 – UK Unemployment
——–
More on Bloomberg Television and Markets
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