ASML Surges Most Since 2020 on AI Boom, DeepSeek Concern Eases | The Opening Trade 01/29

ASML surged the most since 2020 after booking orders worth twice as much as analysts expected, as the artificial intelligence boom fuels demand for its chipmaking machines.  The chipmaker more than fully recovered from a drop earlier in the week on concern that a new AI model by Chinese startup DeepSeek can provide comparable performance to Western chatbots at a fraction of the price. ASML makes machines needed to produce some high-end chips that the Chinese company is barred from purchasing. 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 Kriti Gupta.

Chapters:
00:00:00 – Opening Trade
00:01:24 – The Agenda: MicroSoft Probes DeepSeek-Linked Group, Fed Day, Luxury Sector Slump
00:12:34 – Trump Grant Funding Freeze Blocked
00:14:56 – Fed Rate Decision Day
00:23:33 – EU Financial Banking Chief on Consolidation
00:38:09 – Could DeepSeek Boost Global Productivity?
00:45:38 – European Market Open
00:59:33 – ASML Smashes Estimates on AI Demand
01:02:45 – LVMH Sales Slump
01:07:31 – Arnault Predicts US Luxury ‘Boom’
01:09:10 – ASML Stock Gains Most in 4 Years
01:11:41 – Riksbank Cuts Interest Rates
01:23:20 – UK’s Rachel Reeves on Relaxed Planning Regulatio
01:31:23 – Microsoft, Tesla, Meta Earnings Preview
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