Keir Starmer was facing growing pressure to step down as Britain’s prime minister after dozens of members of Parliament, including Cabinet allies, joined the calls for him to set out a timetable for his departure.

The pound extended losses and Gilts came under further pressure, with the yield on 10-year notes jumping beyond 5.10%. The yield on 30-year debt hit its highest level since 1998.

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.

Chapters:
00:00:00 – The Opening Trade
00:00:47 – Market Check
00:02:37 – Keir Starmer Resignation Pressure
00:04:24 – Trump, Iran Ceasefire Doubts
00:06:01 – Korea Floats ‘Citizen Dividend’ from AI Gain
00:09:06 – Softbank French AI Data Center Talks
00:09:16 – Japan’s Katayama on Bessent, FX Policy
00:10:20 – Trump to Meet Xi Jinping
00:13:35 – Trump Says Iran Ceasefire on ‘Life Support’
00:25:54 – Munich Re CFO on Earnings, Iran War
00:36:54 – Will Prove Doubters Wrong: Starmer
00:50:55 – UK Bonds Slip
01:09:23 – Kospi, South Korea Tech Stocks
01:16:10 – Dollar, Yen Check
01:19:16 – UK 30-Year Yield at Highest Since 1998
01:22:38 – JPMorgan EMEA co-CEO Matthieu Wiltz
01:28:20 – Wallenius Wilhemsen CEO on Iran War, Ship Escorts out of Gulf
01:31:55 – UK Bank Stocks Fall
——–
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Representative Darrell Issa (R-CA), Vice Chair of the House Foreign Affairs Committee and a member of the House Judiciary Committee, backs President Trump’s push for a federal gas tax holiday, calling the 18-cent cut “symbolic” but still meaningful for consumers despite previously criticizing a similar proposal under the Biden administration. Issa also says China must be “part of the solution” to reopen the Strait of Hormuz and defends staying the course in the Iran conflict despite rising inflation and gas prices, arguing long-term peace outweighs short-term economic pain. He speaks with Kailey Leinz and Joe Mathieu on the late edition of Bloomberg’s “Balance of Power.”
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David Gura, Christina Ruffini, and Lisa Mateo of “Bloomberg This Weekend” play Pointed! Wager your points, leverage your bets …

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Pershing Square founder and CEO Bill Ackman emphasizes that this IPO marks the beginning of a long-term journey, with $5 …

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“Bloomberg: The Asia Trade” brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Sydney and Singapore with Paul Allen and Avril Hong, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets.

Chapters:
00:00:00 – Bloomberg: The Asia Trade begins
00:01:49 – Trump says ceasefire with Iran on ‘massive life support’
00:12:37 – Nvidia CEO to miss China trip; Musk, Cook to join Trump for Xi summit
00:14:12 – Australia’s housing sector in focus
00:17:19 – Australia’s budget deficit set to narrow
00:25:02 – Why Bessent’s China trip has a long Tokyo layover
00:27:08 – Nomura’s Yujiro Goto on Bessent’s meetings with Takaichi, Katayama
00:36:15 – SoftBank’s Son in talks for major data center project in France
00:43:37 – BOJ signals chance of rate hike next month over inflation risks
00:47:27 – Markets open in Japan, South Korea & Australia
00:50:37 – Manulife Investment Management’s Colin Purdie on market outlook
01:00:20 – Iran says it has deployed mini subs in contest to control Hormuz
01:01:03 – Aramco sees Hormuz halt causing 100 million-barrel oil loss
01:07:17 – Trump says he will discuss Taiwan arms sales at Xi summit
01:12:51 – China investors bet Xi-Trump meet to extend trade-detente rally
01:20:16 – AUSTRALIA AHEAD: ANU’s Jill Sheppard on Australia’s budget reforms
01:33:13 – Pound weakness picks up with focus on UK PM Starmer’s future
——–
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