Trump & Iran Back in Focus, Korean Stocks Tumble | The Opening Trade 7/8/2026

Stocks fell, bond yields spiked and oil rallied after President Donald Trump thrust geopolitical risks back into focus by declaring the ceasefire between the US and Iran to be over.

The AI rotation trade is gathering pace in Asia as investors pull money from the chipmakers that powered this year’s rally and hunt for cheaper ways to play the technology boom.

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 Guy Johnson.

Chapters:
00:00:00 – The Opening Trade
00:00:28 – Market Check
00:02:06 – US Carries Out Iran Strikes
00:04:00 – Korean Stock Market Declines
00:06:19 – Nigel Farage, Marine Le Pen Latest
00:10:05 – Leaders Arrive at NATO Summit
00:13:49 – US Strikes Iran
00:16:52 – NATO Military Committee Chair Giuseppe Cavo Dragone
00:24:23 – Kospi Eyes Bear Market
00:36:19 – Iran Ceasefire Deal Latest
00:44:07 – Belgium Foreign Minister on World Cup, Trump
00:47:20 – Stocks to Watch: Defense stocks, Lufthansa, Kering
01:06:49 – Alibaba Stock Jumps Most in 10 Months
01:18:30 – AI Debt Floods Credit Markets
01:25:18 – Europe Doesn’t Have Growth, But it Has Wealth: Paul Horvath
01:27:52 – Le Pen Free to Run for French Presidency
01:31:37 – Macron Arrives at NATO
01:33:46 – FOMC Minutes
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