Oil gained after the US carried out another wave of strikes against Iran, with the two sides disputing whether the Strait of Hormuz was open. Global benchmark Brent earlier approached $80, before paring some of the increase. The US on Sunday struck dozens of targets to degrade Iran’s ability to attack international shipping through the waterway. Iran said the strait would be closed “until further notice,” though Western navies insisted it remained open.
South Korea’s AI-fueled stock rally came under renewed pressure Monday as SK Hynix tumbled by a record 15%, underscoring growing investor concerns that the boom had become overstretched. Traders pointed to fears of lower-than-expected earnings and a rotation into the company’s newly listed American depositary receipts, which surged 13% in their debut on Friday.
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 Tom Mackenzie.
Chapters:
00:00:00 – Market Check
00:02:54 – Brent Crude Levels, Oil Price
00:05:30 – Korean Stock Market Record Low
00:07:39 – US Inflation, Earnings Week
00:11:29 – US, Iran Resume Strikes
00:19:58 – US Banks Report Earnings
00:28:15 – Bond Market Check
00:28:55 – Kevin Warsh Testifies Tuesday
00:43:20 – Nippon Paint’s Akzo Nobel Offer
00:47:38 – Stocks to Watch: Oil Stocks, Akzo Nobel, Tech Stocks
01:05:04 – Oil Price
01:11:00 – Apollo Counter Offer for easyJet
01:13:16 – SK Hynix Stock Plump in South Korea
01:20:31 – Proxima Fusion CEO Francesco Sciortino
01:26:34 – Europe Leaders Meet to Discuss Ukraine
01:29:05 – Lindsey Graham Death
01:32:54 – US Inflation Tuesday
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