Elon Musk, a key advisor to US President-elect Donald Trump, attacked Nigel Farage, leader of the Reform UK party, saying he “doesn’t have what it takes” and should be replaced. China’s central bank reaffirmed its support for the yuan, setting a stronger daily reference rate and planning to sell more bills in Hong Kong to stabilize the currency. Despite the central bank’s efforts, investors remain bearish on the yuan. 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 Guy Johnson, Kriti Gupta and Lizzy Burden

Chapters:
00:01:52 – The Agenda: Japan Concerns, Yuan Support, Rise of the Far Right
00:14:00 – KPMG’s Selfin Says Another Tricky Year for the UK
00:23:33 – Elon Musk Supports Germany’s AfD Party
00:42:01 – China Pushes Back Against Yuan Weakness
00:45:36 – European Market Open
01:05:15 – Hon Hai Sales Beat on Strong AI Demand
01:11:41 – Biden Blocks Japan’s Nippon Steel Bid for US Steel
01:26:50 – German Inflation Likely Rose in December
——–
More on Bloomberg Television and Markets

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