From Bloomberg Markets and Finance.

China wants to see a number of steps from President Donald Trump’s administration before it will agree to trade talks, including showing more respect by reining in disparaging remarks by members of his cabinet, according to a person familiar with the Chinese government’s thinking.Gold climbed above $3,248 an ounce for the first time on Wednesday, surpassing the previous all-time peak set on Monday. The precious metal has climbed more than 20% this year as an escalating trade war creates anxieties over the prospect of a global recession. Leading banks remain optimistic about gold’s prospects over the coming quarters, as Goldman Sachs has forecasted that prices will rally to $4,000 an ounce by mid-2026.

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 Kriti Gupta.

Chapters:
00:00:00 – Opening Trade
00:01:36 – UK Inflations Rises
00:04:38 – China Economy Grows More than Expected
00:10:18 – Fed Chair Powell Speaks
00:12:00 – Ukraine Minerals Deal: US Softens Stance
00:13:05 – Harvard, Trump Saga
00:13:17 – No Recession This Year: Bank of America
00:15:18 – Trump Tariffs: Stock Futures Drop
00:25:11 – Treasuries Gain
00:36:49 – China GDP Forecast Cut
00:46:10 – European Markets Open: ASML, Chip Stocks Fall
01:03:16 – ASML Earnings Miss
01:06:18 – Nvidia Reveals New China Chip Curbs
01:16:07 – Copper Price
01:22:36 – Gold Price at All-Time Highs
01:27:57 – Trump Tariffs: EU, US Talks Make Little Progress
01:32:36 – Expect ECB Rate Cut: Vanguard
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