Meta Plans a Cloud Business, US Jobs Day | The Opening Trade 7/2/2026
The frequent swings in the market’s biggest drivers come as traders react to any sign that a near-parabolic rally in chipmakers, the biggest beneficiaries of
The frequent swings in the market’s biggest drivers come as traders react to any sign that a near-parabolic rally in chipmakers, the biggest beneficiaries of the vast outlays on AI infrastructure, has run too far. In the latest instance, Meta’s plan to sell computing power raised questions about a glut of capacity. Traders will also focus on the US jobs report at the end of a holiday-shortened week. The data will offer fresh clues on the path for interest rates after comments Wednesday by Federal Reserve Chair Kevin Warsh dampened speculation of a hike this year.
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 00:01:02 - Market Check 00:02:29 - Chip Selloff 00:05:12 - Oil Extends Drop 00:07:33 - Traders Weigh Fed Rate Path 00:10:44 - Japan Bonds 00:12:32 - Korea's Kospi Falls 00:22:25 - Merz's Reform Package 00:23:19 - KNDS Postpones IPO 00:27:15 - Kevin Warsh Says Inflation Risks are Down 00:38:35 - This NFP Print Will Decide the July Fed: MLIV 00:47:26 - Stocks to Watch: Defense, Bayer, Sodexo 00:52:36 - European Tech Stocks Slide 01:02:09 - German Coalition Agrees on Tax Relief 01:12:36 - OpenAI Propose to Give US Gov.
5% Stake 01:25:29 - Quantum Systems Co-CEO 01:32:47 - US Jobs Report Due More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance Visit for business news &
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