The UK economy shrank for a second straight month as companies and consumers struggled to bounce back from the blow dealt by US tariffs and a raft of tax increases. Keir Starmer sealed a “one in, one out” migrant-return deal with French President Emmanuel Macron that highlighted the limits for now of the UK Prime Minister’s efforts to reset relations with European nations five years after Brexit.
US Secretary of State Marco Rubio said a summit between President Donald Trump and Chinese leader Xi Jinping is likely after having his first face-to-face meeting with his Chinese counterpart in Malaysia.
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 Kriti Gupta, Tom Mackenzie and Valerie Tytel.
Chapters:
00:00:00 – The Opening Trade
00:01:59 – Trump Canada tariffs
00:02:00 – S&P 500 Record Close
00:06:23 – Dimon: 40-50% Fed Hike Chance
00:08:16 – UK Economy Shrinks Again
00:09:02 – Macron, Starm Migration Deal
00:11:45 – Rubio, Wang Yi Meet
00:19:46 – US Stagflation
00:26:33 – Canada 35% Tariffs
00:33:07 – Dollar Short
00:39:41 – Lowest Bond Vol. Since 2022
00:47:50 – Stocks to Watch: GSK, BP, Bruno Cucinelli
01:03:04 – Ten Companies to Watch Right Now
01:07:48 – SAP CEO Christian Klein
01:15:00 – Amazon Web Services’ Tanuja Randery
01:27:11 – Vietnam Surprise Tariffs
01:32:50 – Schnabel on ECB Rate Cute
01:33:22 – Trump Scotland Visit
——–
More on Bloomberg Television and Markets
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