From Bloomberg Markets and Finance.

Amazon shares dropped after the company announced plans to spend $200 billion this year on data centers, chips and other equipment. The proposal further ignited AI bubble fears, with the Wall Street tech selloff extending into Asia trading hours. The spending planned by Alphabet, Amazon, Meta and Microsoft in pursuit of AI dominance is forecast to reach $650 billion in 2026.

Elsewhere, Stellantis fell as much as 14% at the European market open after the carmaker announced it will take roughly €22 billion in charges linked to a sweeping overhaul of its operations as high costs and muted electric-vehicle sales force the automaker to adjust its strategy.

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
00:00:45 – Market Check
00:02:13 – Amazon Vows to Pay $200B on AI
00:05:43 – S&P Futures, Silver Price
00:06:32 – Bitcoin Crashes
00:08:42 – Orsted Earnings
00:09:42 – Stellantis Net Loss
00:11:02 – Sabadell CEO González-Bueno Leaves
00:21:27 – Gold Price
00:26:12 – Vontobel Co-CEO
00:36:41 – Vestas Wind Systems CEO
00:47:49 – Stocks to Watch: Stellantis, Banks, Orsted
01:05:57 – Rio Tinto Walks Away from Glencore Merger
01:14:16 – Japan Holds Snap Election Sunday
01:32:26 – Yen/USD Risks
01:34:45 – Winter Olympics, Superbowl
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