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Treasury Secretary Scott Bessent announced the US and China have sealed a two-month extension to their trade truce, as Xi Jinping landed in America for his first state visit in eleven years. Meta unveiled a palm-sized, dedicated gadget for using Muse, the companyโs popular new artificial intelligence assistant, pushing deeper into the AI devices market with a surprise announcement. 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. (Source: Bloomberg)
Shares of major banks, insurers and online travel agencies slid on Tuesday as investors fear that tools like Meta Platforms Inc.โs personal AI agent could disrupt businesses that benefit from so-called consumer inertia, the tendency to keep buying something out of habit even when a better alternative exists.
S&P 500 Index futures are little changed as of 7:41 a.m. in New York. Earnings from Oracle will provide a read on the AI trade.