From Bloomberg Markets and Finance.
China’s state-run iron ore buyer has told major steelmakers and traders to temporarily halt purchases of all new BHP Group cargoes, escalating a pricing dispute that risks upending one of the mining giant’s most important trading partnerships. China is by far the top the consumer of iron ore globally, while BHP, the world’s biggest mining company.
The US is hurtling toward a government shutdown with Democrats and Republicans seemingly no closer to agreeing on a plan to fund federal operations. Democrats are seeking an extension of health-care subsidies and a reversal of Medicaid funding cuts, and Republicans insisting on a clean continuing resolution. Meanwhile, President Trump extends tariffs to US imports of timber, wooden furniture and foreign-made movies.
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:
00:01:59 – US Headed for Shutdown: JD Vance
00:06:15 – Starmer Seeks Political Redemption
00:08:44 – Trump 20-Point Plant to End Gaza War
00:12:16 – French Far-Right Winning in Polls
00:12:31 – Italy at Cusp of EU Deficit
00:12:50 – EU Leaders Discuss Drone Wall
00:15:40 – Oil Suffers Worst Loss in Two Months
00:17:39 – Treasury Yields
00:25:28 – Rachel Reeves on Taxes
00:40:20 – US Dollar, Government Shutdown Effect
00:47:07 – Stocks to Watch: Gold Miners, UBS, UK Retailers
01:03:35 – Zijin Gold Soars in Hong Kong IPO
01:05:08 – Gold Price Rises Again
01:13:24 – France Debt Coudl Suffocate Economy: Villeroy
01:29:03 – Taking Critical Step to Ending Gaza War: Netanyahu
01:32:26 – European Stocks Down
01:32:58 – Keir Starmer to Speak in Liverpool
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