Gold climbed to a record above $3,800 an ounce as precious metals surged, boosted by a weaker dollar as investors weighed a potential US government shutdown. A shutdown would threaten the release of key data including Friday’s payrolls report, which economists expect would show subdued jobs growth in September.
Elsewhere in markets, shares in the UK’s second largest drugmaker GSK rose on the announcement CEO Emma Walmsley is to step down after almost 9 years at the helm. She is to be succeeded by the firm’s chief commercial officer Luke Miels.
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 Kriti Gupta, Tom Mackenzie and Valerie Tytel.
Chapters:
00:00:00 – The Opening Trade
00:00:45 – S&P Futures
00:01:40 – Government Shutdown, Trump to Meet Democrat
00:04:57 – UK Labour Conference
00:09:24 – Spain Wins Double Upgrade on Strong Economy
00:10:22 – GSK Names New CEO
00:13:10 – Europe Wins Ryder Cup
00:13:33 – Moldova Election
00:16:44 – AI Stocks That Could Replace Mag7
00:30:00 – Rachel Reeves Income Tax
00:32:53 – UK Bond Market
00:40:24 – Spain Outgrows Other Major Euro Economies
00:43:01 – Gold Price, China Golden Week
00:46:59 – Stocks to Watch: GSK, Spanish Banks, Lufthansa
01:02:23 – Lufthansa Layoffs
01:05:55 – GSK CEO to be Succeeded by Luke Miels
01:15:00 – Jaguar Land Rover Emergency Fund
01:17:30 – Resolution Foundation CEO on Reeves, UK
01:25:40 – Warsaw Security Forum, NATO, Russia
01:28:10 – Moldova Elections
01:33:57 – Gold Price Surge
——–
More on Bloomberg Television and Markets
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