Macron Wants New PM in 48 Hours, China Reportedly May Allow Weaker Yuan | The Opening Trade 12/11

French President Emmanuel Macron is seeking to form a coalition of moderates to avoid a new legislative election, aiming to name a new prime minister within 48 hours.
The dollar strengthened after a report that Chinese leaders are considering allowing their currency to weaken as they brace for higher tariffs under a second Donald Trump presidency.
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, Kriti Gupta and Anna Edwards.

Chapters:
00:06:16 - Macron's Prime Minister Search
00:10:16 - Israel Steps Up Airstrikes in Syria, Sends More Troops
00:10:51 - Trump Names Ferguson FTC Chair
00:14:05 - US CPI Day, Inflation Not Conquered
00:24:01 - Poland Finance Minister on EU Needing to Boost Defense Spending
00:32:16 - Poland, France Objected to Mercosur
00:38:13 - Yuan Slides on Report China Considering Weaker Currency in 2025
00:46:02 - European Market Open
01:01:06 - Zara Parent Company Inditex Reports Earnings
01:04:38 - Tiktok Shop Goes Live in Europe
01:12:10 - RBC Bluebay's Tim Ash: Russian Weakness Exposed in Syria
01:26:33 - IATA Director General: Trump Presidency a Net Positive
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[lastChang]

China 🇨🇳 has been a money-printing machine on overdrive.
During the years 1990-2021, the US printed 6.5 times more money while China printed 147 times.
- It has printed more money than the US and Japan combined, while its economy is only half of them.
- Current Chinese debt-to-gdp is already *highest in the world, over 300%, * according to Bloomberg.
- With stimulus and measures, China's debt will be at 400% to 500% of its GDP in the next decade, according to Reuters.

[MrKenng]

Let's pray and hope that all economic indicators released will be weaker than expected. Let's also hope that Federal Reserve Bank of Canada and European Central Bank will stop cutting interest rates this year. Thank you.

[davidbrooks]

the lady at minute 19 asking about tariffs, is this her first day ?

[IanAnthonyDeSilva]

The banks owes them selfs freedom off the utillities billings there medicals mrmory