From Bloomberg Markets and Finance.

Elon Musk is combining SpaceX and xAI in a deal that values the enlarged entity at $1.25 trillion, as the world’s richest man looks to fuel his increasingly costly ambitions in artificial intelligence and space exploration. Elsewhere in technology, Palantir Technologies shares rose in afterhours trading on Tuesday after the data-analysis software company gave a revenue forecast that is much stronger than analysts expected.

Precious metals gold and silver rebounded, after a historic collapse from all-time highs lured dip-buyers back to precious metals.

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
00:00:19 – Market Check
00:01:48 – Asian Stocks Jump Most Since April
00:04:13 – RBA Hikes Rates
00:06:01 – SpaceX Combines with xAI
00:08:14 – Orsted Sells Its Onshore European Business
00:12:48 – Trump Cuts India Tariffs to 18%
00:18:46 – Akzo Nobel CEO on Consumer Confidence
00:24:10 – Bond Market Check
00:27:22 – Bitcoin Stalls After Weak Rebound
00:37:33 – France Prelim Consumer CPI
00:40:00 – Gold Price
00:46:44 – Stocks to Watch: Orsted, Chip Stocks, Akzo Nobel
01:03:35 – Musk’s SpaceX and xAI merge
01:07:44 – Nintendo’s Profits Disappoints
01:15:51 – ‘Too Much’ Risk Premium Priced Into Silver: StoneX
01:24:26 – IBM CEO Arvind Krishna
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