Friedrich Merz said he would remain as German chancellor after his Christian Democratic Union party posted it worst-ever result in a state election, failing to gain enough votes to win a single seat. The fallout has dealt a blow to Merz’s chancellorship, prompting calls among rank-and-file members to push Merz — who polls show is the least popular postwar German chancellor — out after only 16 months in office.
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
00:00:43 – Market Check
00:01:27 – US, China Hail Constructive Talks
00:04:07 – Oil Price Drops
00:06:15 – German Election: Merz, Bunds Under Pressure
00:21:19 – Sergio Ermotti on UBS AT1 Capital Compromise
00:27:21 – US Diesel Prices
00:38:47 – Europe Will Remain Global Weak Link: MLIV
00:46:49 – Stocks to Watch: Societe Generale, Vonovia, Autos
01:13:55 – Moscow Refinery Hit By Ukrainian Drone
01:16:44 – Friedrich Merz’s CDU Crash Out
01:26:51 – Citi CEO Jane Fraser
01:28:32 – Scott Bessent on US, China AI Talks
01:32:01 – Brent Crude Price
——–
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