European chip stocks surge after ASML smashes expectations in its latest numbers. The continent’s most valuable company benefited from the rapid development of artificial intelligence infrastructure, which boosted demand for its cutting-edge chip-making machines. ASML’s CEO told the Opening Trade that he believes in the sustainability of AI demand. Meanwhile luxury stocks drop after LVMH dims hopes of an imminent rebound in the sector with a disappointing set of results. Plus, Donald Trump raises the prospect of continuing weakness in the dollar. Markets look ahead to Fed Chair Jay Powell’s first decision day press conference since the grand jury subpoena. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we …
European chip stocks surge after ASML smashes expectations in its latest numbers. The continent’s most valuable company benefited from the rapid development of artificial intelligence infrastructure, which boosted demand for its cutting-edge chip-making machines. ASML’s CEO told the Opening Trade that he believes in the sustainability of AI demand. Meanwhile luxury stocks drop after LVMH dims hopes of an imminent rebound in the sector with a disappointing set of results. Plus, Donald Trump raises the prospect of continuing weakness in the dollar. Markets look ahead to Fed Chair Jay Powell’s first decision day press conference since the grand jury subpoena. 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. (Source: Bloomberg)