Stocks Hit Records on AI Trade, Iran Deal Prospect | The Opening Trade 8/5/2026

Global stocks climbed to a record as hopes rose for a US-Iran deal to open the Strait of Hormuz, while investors renewed bets on the artificial intelligence trade, driving gains in chipmakers.

S&P 500 futures rose after the index hit another all-time high, buoyed by a rally in technology stocks. Europe’s Stoxx 600 hit a new record, as did MSCI’s All Country World Index.

Brent crude held around $80 a barrel after Tuesday’s plunge, as Axios reported that Washington, Tehran and Oman were nearing an agreement to resume oil flows through the Strait. Treasuries were steady and gold advanced as traders curbed expectations for interest-rate hikes.

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 Lizzy Burden.

Chapters:
00:00:00 – The Opening Trade
00:00:47 – Market Check
00:02:46 – SpaxeX’s AI Splurge
00:04:13 – Novo Nordisk Wegovy Pill Sales
00:05:46 – Oil Price Drops on Hormuz Opening Speculation
00:09:03 – Uber Earnings
00:11:49 – Ahold Delhaize CFO Jolanda Poots-Bijl
00:24:41 – Bond Market Check
00:27:11 – Sandoz CEO Richard Saynor
00:35:57 – Elon Musk on AI Improvement
00:38:04 – AMD Stock
00:46:51 – Stocks to Watch: Novo Nordisk, Infineon, Glencore
00:51:59 – Infineon Stock
01:02:43 – Spain Services PMI Rises
01:15:11 – Europe, Russia Ex-Officials Talks
01:29:45 – Infineon CFO Sven Schneider on AI, Autos
01:34:43 – Treasuries Rise
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