Mark Carney won the race to become Canada’s next prime minister, putting the former central banker in charge of the country just as US President Donald Trump’s administration threatens its economic future. Thex-Bank of Canada and Bank of England governor won the contest to lead the Liberal Party of Canada with nearly 86% of the vote. “America is not Canada. And Canada never, ever, will be part of America in any way, shape or form,” Carney said in his victory speech on Sunday. Wall Street stock futures dropped and Treasuries ticked higher as Trump’s protectionist policies and cuts to the federal workforce dented confidence in US economic outperformance. Contracts for the S&P 500 declined 1%, following the worst week for the benchmark index since September. European stocks slipped 0.4%.
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, Kriti Gupta and Lizzy Burden.
Chapters:
00:00:00 – Opening Trade
00:01:52 – Bond Markets Price US Recession Risk
00:06:28 – China Inflation Falls Below Zero
00:10:01 – Starlink Clash: Poland, US Debate
00:11:44 – German Airports Strike
00:15:37 – US Inflation, PPI Data This Week
00:24:02 – Bitcoin Reserve: Trump Signs Order, Crypto Falls
00:36:43 – China Tariffs US Farm Goods
00:46:04 – European Stock Markets Open
01:05:32 – ‘Saudi Arabia of Natural Gas’
01:11:35 – European Stocks Market Check
01:15:26 – Germany’s Identity Crisis
01:26:19 – Mark Carney Replaces Justin Trudeau as Canada PM
01:30:06 – Canada Will Never be Apart of US: Mark Carney
01:33:14 – US Recession: Trump Declines to Predict Recession in’25
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