Crude oil jumped to a two-week high after President Donald Trump imposed sanctions on Russia’s biggest producers in Rosneft and Lukoil, citing Moscow’s lack of commitment to peace in Ukraine. Refinery executives in India — a key buyer of Russian crude — said the restrictions would make it impossible for flows to continue.
Tesla’s profit plunged as rising costs undercut a record quarter of vehicle sales. Elon Musk spent the end of Tesla’s earnings call pleading to ratify his upcoming $1 trillion pay package. Tesla’s CFO Vaibhav Taneja, with the final words before the call ended, argued that the board committee that assembled the proposed compensation package did so by ensuring Musk doesn’t get any benefit unless shareholders make substantial returns.
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:
00:00:00 – The Opening Trade
00:02:09 – Lloyds
00:02:54 – Unilever Earnings
00:06:07 – Tesla Underwhelms
00:06:21 – Musk Trillion-dollar Pay Plan
00:09:30 – Oil Surges on Trump Russia Sanctions
00:13:07 – Kering Sales Fall Less Than Expected
00:13:50 – US Considers China Software Curbs
00:15:23 – Nasdaq Futures
00:21:39 – Gold Price Momentum
00:26:06 – Dassault Systemes CEO
00:34:05 – SAP CFO
00:43:05 – China’s He Lifeng, Scott Bessent to Meet
00:46:55 – Stocks to Watch: Oil Stocks, Dassault Systemes, Kering
01:06:24 – Lloyds Weighs Motor Finance Costs
01:18:25 – DNB CEO Kjerstin Braathen
01:25:19 – Russia’s Rosneft, Lukoil Sanctions
01:27:06 – Russia War Revenue
01:32:09 – SAP Misses Estimates
——–
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