Tech Rout Deepens as Earnings Stoke AI Fears

Tech stocks and US equity futures fell as another batch of disappointing earnings intensified the selloff in the sector, as investors increasingly question the payoff from massive artificial intelligence spending.

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 Begins: Markets Brace for Tech-Led Selloff

00:01:28 - The Agenda: Amazon and Intel Earnings Disappoint

00:04:17 - The Agenda: Fed, ECB and BOJ Deliver Hawkish Holds

00:04:50 - Breaking News: BP Earnings Beat Expectations

00:05:14 - BP CEO Meg O'Neill on Debt and Shareholder Returns, Refining Margins and Trading, Previews December Strategy Update

00:15:15 - BlackRock's James Turner on Fixed Income Opportunities, Central Bank Rate Outlook, French Political Risk and Credit

00:21:37 - Need to Know: Binance Hit by Record $6.3 Billion Crypto Hack

00:25:48 - Credit Agricole CFO Clotilde L'Angevin on Earnings and French Risk, Loan Demand and Economic Uncertainty, Italy and Banco BPM

00:36:04 - Amazon and Intel Deepen Tech Concerns

00:39:25 - Breaking News: French Inflation Rises as Growth Slows

00:39:57 - MLIV: AI Trade Comes Under Pressure

00:43:20 - Stocks to Watch

00:46:21 - European Markets Open

00:49:10 - Tech and Basic Resources Lead Declines

00:51:40 - Hargreaves Lansdown's Anna Macdonald on Investors Rotate Away From AI Trade, Investor Demand for Gilts

00:59:48 - European Market Movers

01:02:27 - Amazon and Intel Weigh on US Futures

01:04:25 - BP's Strong Refining Quarter

01:07:28 - AstraZeneca and Sanofi Earnings in Focus

01:12:17 - European Markets Absorb US Tech Selloff

01:14:13 - Need to Know

01:15:22 - Capgemini CFO Nive Bhagat on Raises Forecast, Digital Sovereignty and AI

01:21:48 - Christine Lagarde's ECB Legacy, Who Could Be the Next ECB President

01:26:58 - Binance Hack: What We Know

01:30:03 - North Korea Linked to Crypto Heist

01:31:23 - Intel Plunges as AI Trade Faces Turbulence

01:33:21 - ECB Rate Outlook and Market Risks

01:34:39 - Markets Wrap Up a Volatile Week

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