Markets react to Moody’s decision to join Fitch and S&P in downgrading US credit from its top triple-A position. The dollar weakens and long-end yields climb on the murkier outlook. Meanwhile, tariffs and trade wars continue too weigh on some European corporates, with Diageo shares dipping at the open. But, Ryanair shares climb after CEO Michael O’Leary signalled a strong summer for travel. Meanwhile Ark Innovation founder Cathie Wood maintains her optimism over the US tech sector, which she is heavily invested in.
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
00:02:04 – The Agenda
00:14:15 – Bessent: Biden-era spending led to downgrade
00:14:57 – 30-year Treasury yield hit 5%
00:16:18 – Jordan Rochester, Mizuho EMEA
00:24:51 – UK-EU Summit on post-Brexit ties
00:26:40 – Anand Menon, The UK In A Changing Europe
00:36:30 – Market minutes: US assets under pressure after Moody’s downgrade
00:41:34 – Stocks to watch
00:47:39 – Monday European open
00:51:00 – Emmanuel Cau, Barclays
01:01:43 – Early European movers
01:07:06 – Ryanair EUR750M buyback
01:12:56 – Cathie Wood, Ark Invest Founder, CEO & CIO
01:30:06 – Trump says he’ll call Putin to end ‘bloodbath’
01:32:50 – UK-EU Summit on post-Brexit ties
——–
More on Bloomberg Television and Markets
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