US President Donald Trump held back-to-back calls with the leaders of China and Japan, as escalating tensions over Taiwan threaten to derail his weeks-old trade truce with Beijing.
Trump’s hour-long conversation with President Xi Jinping on Monday marked their first contact since Japan’s new prime minister enraged Beijing by suggesting her nation’s troops could be drawn into a Taiwan crisis.
US Commerce Secretary Howard Lutnick said the European Union needs to change its digital regulations in order to get a deal to lower steel and aluminum tariffs.
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 11/25/25
00:01:21 – Fed’s Waller Calls for December Rate Cut
00:03:56 – Reports Meta Plans To Use Google AI Chips
00:06:49 – EasyJet Numbers
00:08:21 – UK Autumn Budget Looms
00:11:19 – Need To Know
00:17:12 – Stocks Fueled by Fed Rate Cut Bets
00:25:11 – Reeves Under Pressure To Plug Budget Gap
00:34:05 – In Conversation with EasyJet CEO Kenton Jarvis
00:47:32 – The Opening Trade
00:51:18 – Market Analysis with JPMorgan Strategist Hugh Gimber
00:59:39 – Stocks To Watch
01:03:15 – EasyJet FY Headline Profit Pretax Beats Estimates
01:07:08 – Lutnick Suggests Metals Deal with EU Contingent on Digital Rules
01:13:20 – Need To Know
01:15:04 – Europe’s AI Future with Dataiku CEO
01:25:00 – UK Budget Deficit £17.4B in October
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