Indian Prime Minister Narendra Modi’s government hasn’t given India’s oil refiners instructions to stop buying Russian oil, and no decision has been taken on whether to halt the purchases, people familiar with the situation told Bloomberg, asking not to be named due to the sensitivity of the matter. Modi struck a defiant tone in the face of US President Donald Trump’s tariff threats, urging the nation to buy local goods as his administration signaled it would continue buying Russian oil.

Palantir Technologies’ unstoppable rally the past year has yielded more than sixfold gains for investors. The firm reported a 48% increase in second-quarter revenue as it topped $1 billion in a quarter for the first time, saying artificial intelligence was having an “astonishing impact” on its business.

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 Kriti Gupta, Oliver Crook and Valerie Tytel.

Chapters:
00:00:00 – The Opening Trade
00:02:00 – BP Stock
00:05:13 – India Tariffs Raised
00:07:41 – Palantir Stock
00:09:06 – KKR to Buy Spectris
00:11:47 – Bolsonaro House Arrest
00:12:11 – Texas Democrats Arrest
00:13:52 – S&P Futures Recover
00:15:21 – Smith & Nephew CEO Deepak Nath
00:23:41 – BP CEO Murray Auchincloss
00:30:33 – BP CEO on Brazil Oil Discovery
00:39:46 – Global Stocks Have Structural Tailwind: MLIV
00:46:52 – Stocks to Watch: BP, Diageo, Infineon
00:54:13 – Smith & Nephews Shares Skyrocket
01:02:36 – BP Cuts Costs
01:06:34 – Infineon CEO on Tariffs
01:14:06 – Wall Street Warn Stock Drop
01:23:06 – Fed Rate Cut Bets
01:29:21 – Continental CFO on Car Release
——–
More on Bloomberg Television and Markets

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