French Prime Minister Sebastien Lecornu resigned, about three weeks after being named to the post by President Emmanuel Macron, sending French stocks lower and bond yields higher. The move comes just a day after the cabinet was announced, appointments that were broadly panned.
Pro-stimulus lawmaker Sanae Takaichi’s near-certain elevation as Japan’s next prime minister jolted financial markets, with the yen and long-term bonds tumbling even as equities surged to all-time highs. The yen lost against the dollar to past 150 and sank to an all-time low against the euro. Longer-term bonds fell on concern Takaichi’s policies will require more government spending and fan inflation.
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, Lizzy Burden and Valerie Tytel.
Chapters:
00:00:00 – The Opening Trade
00:01:47 – Sanae Takaichi Set To Become Japan’s First Female PM
00:04:36 – French Bonds
00:07:52 – Bitcoin, Gold Record Highs
00:11:00 – Andrej Babis, Czech Election
00:11:17 – Israel, Hamas Deal
00:11:42 – Oil Price Rises
00:15:28 – Yen, Japanese Bonds
00:17:14 – Takaichi Win Jolts Yen, Triggers Nikkei Surge
00:25:39 – Macron Cabinet Collapse
00:29:20 – French Bond Market
00:34:12 – Japan Bonds
00:35:26 – Japan Puts Long Bonds Under Pressure: MLIV
00:47:38 – Stocks to Watch: Stellantis, Aston Martin, BBVA & Sabadell
01:04:20 – Stellantis $10 Billion US Investment
01:08:09 – BBVA, Sabadell Bid
01:10:34 – Boeing to Hike 737 Output
01:23:52 – French PM Lecornu Resigns
01:28:30 – CAC 40 Drops, European Stocks Fall
01:33:23 – Dollar, Euro Drop
01:35:49 – France’s Prime Minister Quits Less Than A Month After Appointment
——–
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/
Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/
More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
