Xi Steps Up Call to End Iran War, SpaceX’s Mega-IPO Bank Lineup | The Opening Trade 5/20/2026

Chinese President Xi Jinping warned against resuming military operations in the Middle East, as talks got underway with his Russian counterpart Vladimir Putin in an effort to reinforce bilateral ties in the shadow of wars in Ukraine and Iran.

Goldman Sachs has the leading role on the cover of SpaceX’s initial public offering, according to people familiar with the matter, giving the firm a prominent position in potentially the biggest listing of all time.

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 – 5/20/2026
00:01:15 – UK Inflation Analysis
00:04:44 – Global Long Bond Yields Climb
00:07:09 – Samsung, Union Talks Break Down
00:10:15 – Daybook
00:13:01 – Arsenal Wins Premier League
00:15:38 – Exclusive: Euronext CEO Stéphane Boujnah
00:25:15 – Global Yields Hold At Elevated
00:36:04 – Samsung Union To Strike
00:38:29 – Markets in 3 Minutes
00:42:05 – Stocks To Watch
00:47:58 – The Market Open
00:50:08 – Gilts Jump After UK Inflation
00:59:11 – Core 6 & Early Morning Movers
01:03:09 – Reeves Floats Supermakert Price Freezes
01:06:47 – Traders Weigh Trump’s Iran Threat
01:14:59 – Pressures Facing the Fed’s Warsh
01:26:10 – Nvidia Results To Show State of AI
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