UK Chancellor Rachel Reeves laid the ground for more tax hikes in her upcoming budget in a speech at Downing Street, blaming the previous Conservative administration and global trade frictions for harming the UK British economy. Reeves said she was determined to bring down inflation to pave the way for more interest rate cuts, while keeping a lid on the government’s debt pile and borrowing costs.
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:
00:00:01 – The Opening Trade
00:00:14 – S&P Futures
00:04:15 – BP CEO Auchinloss on Divestment, Earnings
00:07:59 – Oil Price
00:12:28 – AB Foods, Weak Consumer Reporting
00:13:43 – Palantir Stock Drops
00:16:26 – New York Mayor Election: Mamdani, Cuomo
00:19:41 – AIB Group CEO Colin Hunt
00:26:25 – Philips CEO Roy Jakobs
00:38:52 – Reeves Faces Smaller Fiscal Hole: Think Tank
00:41:51 – AI Bubble Bursting?
00:44:21 – BP Beats Estimates
00:47:50 – Stocks to Watch: Telefonica, Philips, Health Stocks
00:59:17 – Rachel Reeves Pre-Budget Speech
01:04:34 – World Has Thrown Up More Challenges: Reeves
01:11:00 – Reeves on Lowering UK Debt
01:20:01 – British Pound Falls
01:40:54 – Blue Owl’s James Clarke on Private Credit Risks
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