Nestlé shares surged after the foodmaker posted a stronger-than-expected increase in quarterly sales and announced plans to slash 16,000 jobs, just weeks after replacing its chief executive officer. The stock climbed as much as 8.2% in early Swiss trading, the biggest gain since 2008.
TSMC hiked its projection for 2025 revenue growth for the second time this year, reinforcing hopes in the longevity of a global boom in AI spending. TSMC, the go-to chipmaker for Apple and Nvidia , now foresees mid-30% growth in annual sales, up about a few percentage points from previously. On Thursday, TSMC Chief Executive Officer C.C. Wei reiterated “Conviction in the AI megatrend is strengthening,” he told analysts after outlining earnings.
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, Lizzy Burden and Valerie Tytel.
Chapters:
00:00:00 – The Opening Trade
00:04:19 – US-China Trade War
00:05:30 – Fed Half-Point Rate Cut Bet
00:07:12 – TSMC Sales, Nestle Job Cuts
00:11:00 – France: Lecornu Survices No Confidence Vote
00:11:24 – Modi, Trump, Russian Oil Purchases
00:11:50 – Japan’s Takaichi Prime Minister Chances
00:12:27 – Reeves, UK Take Hikes
00:15:50 – S&P Futures
00:24:54 – Trump Declares China Trade War
00:40:53 – Bessent Floats China Truce
00:47:09 – Stocks to Watch: Nestle, Chips Stocks, Luxury Stocks
01:06:32 – Nestle to Cut 16,000 Jobs
01:09:10 – TSMC Sales Beat, AI Confidence
01:15:03 – French MP’s No-Confidence Votes
01:18:59 – Ardian France CEO on France, Private Equity
01:28:24 – BYD’s Stella Li on Global Expansion
01:30:53 – Africa is a Very Important Market: Li
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