Stocks rallied and oil held steady after the Wall Street Journal reported that President Donald Trump had signalled he was willing to end the US military campaign against Iran.
Earlier an Iranian drone hit a fully laden Kuwaiti oil tanker off Dubai, in one of the most significant attacks on a vessel in a month of war.
The war has effectively closed the Strait of Hormuz, choking off supplies of crude, natural gas and products such as diesel to global markets.
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 and Lizzy Burden.
Chapters:
00:00:00 – The Opening Trade
00:00:55 – Market Check
00:02:27 – Trump Open to Ending War Without Hormuz
00:04:17 – Oil Price Drop, Stock Futures Gain
00:06:11 – Fed Chair on Inflation
00:08:25 – UK Car Finance Payouts
00:09:48 – China Factory Activity Returns to Growth
00:14:12 – Iran Strikes Fully Laden Kuwait Oil Tanker
00:27:48 – Brent Crude Levels
00:40:20 – Powell Eases Fed Rate Hike Fears
00:47:02 – Stocks to Watch: UniLever, UK Lenders, Suedzucker
01:03:16 – UK Motor Finance Payouts Set at £7.5 Billion
01:16:44 – US Hits Isfahan with Bunker Buster Bombs
01:28:28 – Artemis II Space Mission
01:32:36 – Euro-Area Inflation
——–
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