Iran-backed Houthis launched missile and drone attacks across Saudi Arabia, targeting several cities, as oil giant Saudi Aramco’s headquarters in the east of the kingdom was hit.
ASML shares rose after the Dutch company said soaring artificial intelligence spending means it’s searching for ways to produce more chip-making machines over the next two years.
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 Tom Mackenzie.
Chapters:
00:00:00 – The Opening Trade Begins
00:00:06 – Opening Headlines: CPI, Oil and ASML
00:01:21 – Today’s Agenda: US CPI and the Global Inflation Outlook, ECB, BOE and Second-Round Inflation Effects, Oil Prices Surge and Crack Spreads Widen
00:05:26 – Today’s Agenda: Aramco HQ Hit as Middle East Conflict Escalates, ASML Raises Guidance Amid Strong AI Demand
00:07:46 – Europe’s AI Ambitions and Dublin AI Summit
00:10:53 – What to Watch: Lagarde, CPI and Bank Earnings
00:14:42 – Federated Hermes’ Deborah Cunningham on Treasury Repricing, Repo Clearing and the Treasury Basis Trade, Treasury Supply and Competition for Capital
00:21:53 – Need to Know: Pope Leo, OpenAI and China Trade
00:24:10 – European Markets Ahead of US CPI
00:27:34 – ASML’s Critical Role in the AI Chip Supply Chain
00:30:33 – Rothschild & Co Redburn’s Timm Schulze-Melander on AI Investment: Boom, Speculation and Visibility,,, Higher Yields and AI Financing Risks
00:38:18 – Jensen Huang Backs Europe’s AI Opportunity
00:39:46 – MLIV: AI Trade Faces Growing Market Scrutiny
00:43:03 – Stocks to Watch: ASML, Miners and Ørsted
00:46:15 – European Markets Open
00:48:52 – ASML Jumps at the Open
00:50:44 – ASML Demand, Capacity and the AI Buildout, European Stocks Rise as ASML Climbs
00:58:28 – Commerzbank CEO Bettina Orlopp on UniCredit Takeover, Commerzbank’s Asia Growth Strategy, German Loan Demand and Economic Outlook
01:08:05 – Stocks to Watch: ASML, Glencore and SEB
01:12:15 – European Markets: Tech and Luxury Lead
01:13:59 – Need to Know
01:15:21 – Anthropic’s Guillaume Princen on AI Adoption, Startup Demand, Frontier Models and Falling Costs, Open Source AI, Safety and European Sovereignty
01:25:00 – Breaking News: Germany Pushes for More EU Curbs on Chinese Imports
01:26:27 – Fidelity’s Salman Ahmed on US 10-Year Yield Could Reach 6%, Inflation, AI & the Limits of Monetary Policy
01:32:17 – Wall Street Bank Earnings: Equities Beat Fixed Income, Morgan Stanley and Bank of America Preview
01:35:35 – What to Watch Ahead
——–
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