Defense Stocks Fall as Germany Plans to Reject Ukraine Aid Requests

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A backloaded big week. Federal Reserve Chair Jerome Powell’s Jackson Hole speech Friday takes center stage. He’s expected to confirm that cuts are coming but how big they will be is the key question. Powell will be competing for the limelight on Friday though with the BoJ Governor Ueda who will be testifying before Parliament. The Yen already up 1% against the dollar this morning with traders positioning for a hawkish tone. US politics is in the mix as well. Vice President Harris will officially accept he party’s nomination in Chicago as her price setting economic agenda struggles to gain traction. 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 and Kriti Gupta.

Chapters:
00:14:18 – Powell Speaks on Rates Friday, BOJ’s Ueda tp Explain Rate Hike
00:23:35 – Germany to Reject Ukraine Aid Requests, Nord Stream Controversy
00:36:36 – Porsche Agrees to Invest in Rescue of Troubled Battery Maker Varta
00:45:39 – Goldman Cuts US Recession Risk, BlackRock’s Recession Base Case Scenario
01:07:32 – China Electric Vehicles Report Sales
01:11:26 – Trump, Harris Prepare for Turbocharged Week of Presidential Race, DNC Preview
01:28:34 – German Finance Miniister Restores
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