From Bloomberg Markets and Finance.
President Donald Trump sowed fresh chaos in metals markets by indicating the US would implement a higher-than-expected 50% tariff on copper imports, spurring a record spike in New York futures and a drop in the global benchmark.
Global stocks were mixed as traders assessed the White House’s latest salvo on tariffs, with President Donald Trump escalating his trade rhetoric and threatening more charges on copper and pharmaceuticals. European stocks rose to the highest in almost a month.
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, Kriti Gupta and Valerie Tytel.
Chapters:
00:00:00 – The Opening Trade
00:01:52 – Copper, Pharma Tariffs
00:05:41 – 200% Tariffs on Pharma
00:07:59 – UniCredit Boosts Stake in Commerzbank
00:10:52 – SpaceX Valuation ~ $400B
00:11:13 – EU Weights $100B Ukraine Fund
00:11:32 – Macron Urges UK to Recognize Palestine
00:18:21 – Trump: Aug 1 Deadline ‘Not Firm’
00:24:47 – China PPI 2-Year Low
00:34:30 – Dollar Strength
00:39:04 – Copper Stockpiles 7-year High
00:40:31 – Copper Price
00:46:36 – Stocks to Watch: Mining, Pharma, EssilorLuxottica
00:57:04 – EssilorLuxxotica Stock Up
01:03:31 – Ursula Von Der Leyen Speaks
01:07:13 – Pharma Tariffs Threat
01:12:48 – Tariffs: Germany Seeks ‘Fair’ Deal with US
01:17:32 – EU 10% Tariffs
01:27:41 – OPEC+ Seminar in Vienna
01:30:43 – Rapid Energy Founder Bob McNally
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More on Bloomberg Television and Markets
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