US President Donald Trump’s announcement of new tariffs on goods from countries trading with Iran risks derailing his one-year trade truce with China, the world’s top buyer of Iranian oil.
Much of the action was in Japan, where stocks jumped and government bond yields surged on speculation that Prime Minister Sanae Takaichi might call a snap election. The yen dropped to its weakest level against the dollar since July 2024. Defense and nuclear stocks rose in the so-called “Takaichi trade,” which has helped fuel equity gains, bond losses and a weak currency.
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
00:01:47 - Market Check
00:04:36 - Iran's Top Trade Partner
00:05:33 - Tariff Wars Have No Winners: Mao
00:06:32 - Powell Probe Stirs GOP Concern
00:09:33 - Apple, Google AI Deal
00:10:07 - UBS's Ermotti to Step Down in 2027
00:10:46 - Orsted Wins Supreme Court Ruling
00:13:58 - Powell Is a Man of Impeccable Integrity: Fed's Williams
00:26:36 - Japan's Takaichi Eyes Snap Election
00:40:36 - December US CPI Report
00:46:54 - Stocks to Watch: Orsted, Diageo, UK Retail
01:05:06 - Orsted Stock
01:09:17 - UBS CEO Sergio Ermotti on Swiss Banking Reforms
01:16:58 - Trump Escalates Feud with Fed
01:29:50 - Bank Earnings
01:31:55 - JPMorgan, Citi, BofA, Wells Fargo Loan Growth
--------
More on Bloomberg Television and Markets
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Much of the action was in Japan, where stocks jumped and government bond yields surged on speculation that Prime Minister Sanae Takaichi might call a snap election. The yen dropped to its weakest level against the dollar since July 2024. Defense and nuclear stocks rose in the so-called “Takaichi trade,” which has helped fuel equity gains, bond losses and a weak currency.
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
00:01:47 - Market Check
00:04:36 - Iran's Top Trade Partner
00:05:33 - Tariff Wars Have No Winners: Mao
00:06:32 - Powell Probe Stirs GOP Concern
00:09:33 - Apple, Google AI Deal
00:10:07 - UBS's Ermotti to Step Down in 2027
00:10:46 - Orsted Wins Supreme Court Ruling
00:13:58 - Powell Is a Man of Impeccable Integrity: Fed's Williams
00:26:36 - Japan's Takaichi Eyes Snap Election
00:40:36 - December US CPI Report
00:46:54 - Stocks to Watch: Orsted, Diageo, UK Retail
01:05:06 - Orsted Stock
01:09:17 - UBS CEO Sergio Ermotti on Swiss Banking Reforms
01:16:58 - Trump Escalates Feud with Fed
01:29:50 - Bank Earnings
01:31:55 - JPMorgan, Citi, BofA, Wells Fargo Loan Growth
--------
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
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Facebook: https://www.facebook.com/bloombergbusiness
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Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/
More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts