Meta Plans a Cloud Business, US Jobs Day | The Opening Trade 7/2/2026
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The frequent swings in the market’s biggest drivers come as traders react to any sign that a near-parabolic rally in chipmakers, the biggest beneficiaries of the vast outlays on AI infrastructure, has run too far. In the latest instance, Meta’s plan to sell computing power raised questions about a glut of capacity. Traders will also focus on the US jobs report at the end of a holiday-shortened week. The data will offer fresh clues on the path for interest rates after comments Wednesday by Federal Reserve Chair Kevin Warsh dampened speculation of a hike this year. 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 00:01:02 - Market Check 00:02:29 - Chip Selloff 00:05:12 - Oil Extends Drop 00:07:33 - Traders Weigh Fed
Tags: AI, BOJ, Bitcoin, Bonds, Brent Crude, CEO, Euro, Euro Stoxx, European stocks, FTSE 100, Fed, Friedrich Merz, Gas Prices, Gold, Iran, KNDS Deutschland, Korean Stocks, Kospi, Oil, OpenAI Inc
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