Iran Says It Will Punish Israel, European Stocks Drop Most In 2 Years | The Opening Trade 08/05

There has been aggressive selling of Asian equities overnight. The Nikkei is about to close down more 10 percent, European and US futures are sharply lower. Treasuries are surging. Investors are now positioning for the Fed to deliver 125 basis points of cuts before the end of the year. Israel is on high alert. The country is bracing for retaliation from Hezbollah and Iran. Axios is reporting the attack could come within hours. 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 Guy Johnson and Kriti Gupta.

Chapters:
00:00:00 - Intro
00:00:01 - The Agenda: Market Meltdown, Starmer & UK Riots, Zelenskiy Shows F-16 Jets in Kiev
00:12:20 - ABDRN Chief Economist Gives Outlook as Global Stock Route Deepens
00:23:29 - Berkshire Hathaway Slashes Apple Stake
00:34:30 - Stocks to Watch: Infineon
00:45:31 - 98% of Stoxx 600 Stocks Lower
01:06:34 - Traders Price 60% Chance of Fed Rate Cut Within a Week
01:11:43 - Possible Iranian Strike on Israel Expected on August 5 - Axios
01:27:02 - IBEX Set to Fall Most in a Year, Eurpean Stocks Drop 4% Over Two Days
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[jtrealfunny]

Also, do the labor statistics matter less in an economy where all the money is concentrated at the very top.

[jtrealfunny]

I love that this market meltdown came out of a marginally weaker employment number and forex volatility in japan. Is that a black swan event? Market acting as discounting mechanism? Where are our heroic financial professionals to come and support the market based on what we've been assured are good fundamentals; This is not 1999/2000 has been said widely. It's the carry trade I hear, is that comforting or concerning? Gold trading down? Interesting to see how the fed put comes into play here.

[MrKenng]

Looks like it's not a market correction it's a market meltdown. Dow will be like 400 points lower given that today's just released PMI across Eurozone is weaker than expected.
Also Dow will be ultimately 30% lower than the current level. 🙏🏾🙏☺️

[MarekKolenda-crvr]

UK protests can be spread to European Union countries

[MarekKolenda-crvr]

Turkey supplies Iran oil to Israel military industry

[MarekKolenda-crvr]

US UK France warships 200 military jets in Middle Eastern region

[davidmcnamara]

What's with this hysterical over reacting?