From Bloomberg Markets and Finance.

Shares in OpenAI partners such as SoftBank and Oracle are falling after the Wall Street Journal reported that the AI startup recently failed to meet targets for sales and new users, reviving worries about spending ahead of tech earnings.

Brent advanced for a seventh day to $111 a barrel. The White House said President Donald Trump will address a proposal from Iran to reopen Hormuz “very soon”. The dollar rose 0.2%. The yen, meanwhile, reversed gains after Bank of Japan Governor Kazuo Ueda refrained from giving a decisive signal on when interest rates may rise.

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
00:00:22 – Market Check
00:01:34 – Stocks Higher, Oil Price Climbs
00:05:23 – BP Earnings
00:06:10 – Barclays Earnings
00:07:20 – Yen Gains
00:09:18 – CATL Raises $5 Billion
00:09:42 – Ray-Ban Heir Wins Approval for $10B Buyout
00:11:48 – US Being ‘Humiliated’ in Iran Talks: Friedrich Merz
00:25:57 – BOJ Governor Ueda Speaks
00:32:22 – Assume Dubai Crude Oil Will Fall to $70 Per Barrel: Ueda
00:38:16 – Baltimore Mayor on Cost of Living Pressure
00:44:51 – Will Continue to Hike Rates Based on Economic Situation: BOJ
00:46:39 – Stocks to Watch: Barclays, BP, Novartis
01:07:29 – BP Profits Jumps
01:09:27 – OpenAI Misses Sales Targets As Rivals Gain
01:15:21 – Elon Musk, Sam Altman Head to Trail Over OpenAi
01:15:44 – Barclays Stock
01:25:27 – US Maintains ‘Red Lines’ on Any Iran Deal
01:28:12 – Norges Bank Investment Management Conference
01:31:29 – BOE Rate Decision This Week
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