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US Election Day Kicks Off: Stocks Slip, Oil Rebounds

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US stock futures fell as oil prices rebounded on worries that America and Iran remain far apart on a peace deal, adding to subdued risk sentiment before voting starts in the midterm elections.

S&P 500 contracts slipped 0.2%. Brent crude rose 1.7% to above $106 a barrel, with Reuters reporting that significant obstacles to ending the war remained despite signs from both Washington and Tehran that they were open to a diplomatic settlement. Flat Nasdaq 100 futures signaled a steadier start for the artificial intelligence trade after the index entered a technical correction.

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 - Opening Trade Begins: Markets Brace for Midterms as Tech and Oil Drive Sentiment

00:01:35 - The Agenda: Chips Stocks Sell off As Tech Jitters Linger, Oil Steadies After 8% Fall

00:06:13 - US Midterm Elections: What to Watch as Polls Open

00:10:41 - What to Watch

00:13:05 - ICG's Nicholas Brooks on Midterms, Gridlock and the US Fiscal Outlook, Oil Prices, Inflation and the Economic Outlook

00:20:38 - Need to Know: NATO Funding, Disney Job Cuts and Lufthansa Warning

00:24:40 - Philips CEO Roy Jakobs on Earnings, Growth and DOJ Agreement

00:30:08 - Philips CEO Roy Jakobs on US Sleep Devices and Inflation Pressures

00:37:24 - Apple Earnings and Palantir Put AI Momentum in Focus

00:40:13 - MLIV: Oil, AI and the Market Outlook Ahead of the Open

00:43:26 - Stocks to Watch: Lufthansa, Philips and Schaeffler

00:47:26 - European Markets Open Lower as Tech Stocks Slide

00:50:01 - Morgan Stanley's Jitania Kandhari on the AI Correction and Monetization, Rates, Debt and the Investment Outlook

00:59:33 - Market Movers: Philips Jumps as European Tech and Miners Fall

01:01:49 - Lufthansa Earnings and the Impact of Higher Fuel Costs

01:05:29 - Apple and Palantir Earnings Weigh on European Tech

01:07:37 - BBVA on Putting AI Agents Into Production

01:09:01 - Financing the Global AI Buildout

01:11:11 - European Stocks Retreat as Investors Seek Defensives

01:13:03 - Need to Know

01:14:07 - Halliburton's Rami Yassine on Energy Demand and Middle East Investment

01:21:07 - Chatham House's Sanam Vakil on US-Iran Diplomacy and the Risk of Further Conflict

01:26:45 - Midterm Election Battlegrounds and Voting Challenges

01:29:44 - How Markets Are Positioned for the Midterm Results, Oil Volatility and the Market Impact of Geopolitics

01:34:24 - Markets Stabilize Ahead of the US Midterm Vote

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