Federal Reserve officials lowered their benchmark interest rate by a quarter percentage point and penciled in two more reductions this year. Chair Jerome Powell pointed to growing signs of weakness in the labor market to explain why officials decided it was time to cut rates.
At Chequers, UK Prime Minister Starmer and Donald Trump will address a reception and fireside chat with executives from key British and American companies, including GSK, Microsoft and Rolls Royce. Newly installed UK Foreign Secretary Yvette Cooper and US Secretary of State Marco Rubio will also have a bilateral at Chequers at the same time.
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 Valerie Tytel.
Chapters:
00:00:00 – The Opening Trade
00:01:35 – Powell on Fed Cut Risk
00:04:53 – Bank of England Rate Decision Today
00:06:43 – King Charles Hosts Donald Trump
00:11:50 – Disney Pulls ‘Jimmy Kimmel Live’
00:12:46 – Tesla Redesigns Door Handles
00:13:15 – Kering’s De Mao Shuffles Gucci Top Ranks
00:15:47 – Fed Dot Plot Wide Diversion
00:18:57 – Treasury Slides, Dollar Declines
00:27:23 – King Charles Hosts Trump
00:29:12 – BOE Rate Decision
00:38:01 – Fed Cuts 25 BPs
00:47:45 – Stocks to Watch: NEXT, Contintental, Kering
01:03:09 – NEXT Stock Falls
01:05:38 – Continental Falls
01:14:48 – Chinese Tech Stocks Op
01:16:32 – When Will the AI Bubble Burst?
01:25:39 – King Charles on US-UK Relationship
01:32:31 – French Protests
——–
More on Bloomberg Television and Markets
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