Stocks tumbled 3% and bonds plunged too, sending yields on benchmark 10-year Treasuries to their highest in seven months. Almost exactly one year after sparking a furious rally in financial markets, Federal Reserve Chair Jerome Powell did the exact opposite on Wednesday, staking out a cautious view on interest-rate cuts in 2025 that stunned investors. The Bank of England is expected to keep easing gradually in 2025. 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
00:01:04 – Yen Under Pressure, Fed Rate Cuts, BOE Decision
00:10:11 – Micron Stock Plunges After Sluggish PC, Phone Demand
00:11:59 – Tiktok’s Challenge to US Ban on January 10
00:15:27 – Four Fed Members Wanted No Rate Cut
00:24:04 – Bank of Japan’s Ueda: Inflation Expectations Still a Distance From 2%
00:35:05 – Fed’s Inflation Projections Revised Higher
00:46:06 – European Markets Open
01:03:43 – German AfD Party Leader: EU Isn’t Working Well
01:09:37 – NATO Chief Rutte: Europe Needs to Shift to Wartime Mindset
01:12:10 – Europe Car Sales Fall 2% in November
01:15:21 – Volkswagen Nears Union Deal, Avoiding Plant Closures
01:20:59 – Honda, Nissan Merger Talks to Rival Toyota
01:27:17 – Bank of England Expected to Hold Rates
——–
More on Bloomberg Television and Markets
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