From Bloomberg Markets and Finance.

Trade negotiators led by US Treasury Secretary Scott Bessent and China’s Vice Premier He Lifeng held talks in Seoul to prepare for this week’s summit between the leaders of the world’s two biggest economies.

The outcome of their meeting on Wednesday will set the stage for Donald Trump’s summit with his Chinese counterpart, Xi Jinping, on May 13-15 — the first visit by a US president to Beijing in nearly a decade. It was delayed from March due to the Iran war.

SoftBank Group reported a surge in quarterly profit due to valuation gains on its OpenAI investment, boosting confidence at the Japanese company to bet even more on the ChatGPT maker.

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
00:00:25 – Market Check
00:02:57 – US-China Summit: Jensen Huang Joins Trip
00:04:56 – Higher US Inflation, Bond Selloff
00:06:52 – Hapag-Lloyd Confirms Outlook
00:10:09 – Starmer Faces Resignation Calls
00:13:58 – Kharg Island Oil Activity Standstill
00:16:27 – Oil Prices, Global Bonds
00:25:57 – Softbank Stock
00:30:25 – Bilfinger CEO on Iran, Middle East Tensions
00:39:47 – Trump-Xi Summit
00:47:45 – Stocks to Watch: Siemens, TUI, Insurers
01:04:10 – Siemens CEO on Customer Demand
01:08:20 – Hapag-Lloyd 2026 Outlook
01:14:00 – India Raises Gold, Silver Tariffs
01:27:31 – Europe Should Adopt the Draghi Report: Jamie Dimon
01:33:49 – Kospi, Asian Stocks
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More on Bloomberg Television and Markets

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