UK Inflation Jumps as Labour Tax Hikes, ASML Falls Most Since April | The Opening Trade 07/16

UK inflation unexpectedly rose to its highest level since January 2024 as the Labour government’s budget pushed up grocery bills, keeping pressure on the Bank of England as it looks to dial down interest rates.

ASML shares plunged the most since April after Chief Executive Officer Christophe Fouquet walked back the company’s growth forecast for next year, blaming trade disputes and global tensions. ASML has fallen 34% in the last 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 and Kriti Gupta.

Chapters:
00:00:00 – The Opening Trade
00:01:25 – UK Inflation Rise
00:05:24 – Indonesia to Buy 50 Boeing Jets
00:07:28 – France Budget Plans
00:09:35 – Renault New CEO
00:09:49 – Meta Antitrust Probe
00:10:13 – ASML Beats Orders
00:12:36 – French Finance Minister Lombard
00:26:22 – Japanese Bonds
00:29:52 – Hassett Fed Front Runner
00:33:09 – Trump Drug Tariffs
00:41:45 – Tariff and Debt Fears
00:47:06 – Stocks to Watch: Pharma, ASML, Renault
01:05:04 – ASML Falls Most Since April
01:12:32 – Private Credit May Have Peaked: Jamie Dimon
01:15:19 – Bank Stock Path
01:16:30 – Rachel Reeves Ring Fence Rules
01:26:04 – Pierre Moscovici on France
01:34:15 – ASML CFO Lifts Chip Controls
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