UK Chancellor of the Exchequer Rachel Reeves has set the stage for one of many UK’s biggest-ever tax-raising occasions — including to an already elevated tax burden which her Conservative predecessors took to the very best stage as a share of financial output since World Battle II. UBS posted a surge in revenue for the third quarter, including to proof that the financial institution’s integration of Credit score Suisse is on observe. The financial institution warned that geopolitical dangers, the Nov. 5 US election and declining international rates of interest would make the ultimate quarter of the 12 months arduous to foretell. The Opening Commerce has every little thing you want to know as markets open throughout Europe. With evaluation you will not discover wherever else, we break down the most important tales of the day and communicate to prime friends who’ve pores and skin within the recreation. Hosted by Anna Edwards and Tom Mackenzie. (Corrects VW section to take away inaccurate margin comparability.)
Chapters:
00:00:00 – Intro
00:01:20 – The Agenda: UBS Earnings, UK Funds, Google/US Tech
00:03:47 – UBS CEO Ermotti on US Election
00:15:38 – UK Funds: Tax Burden Headed for Postwar Excessive
00:26:34 – Pell Hunt CEO on Rachel Reeves’ Tax Hikes, Borrowing Prices
00:36:06 – Shares to Watch: UBS, VW, Chip Shares
00:48:39 – European Market Open
01:05:54 – Volkswagen Earnings, EU EV Tariffs in Focus
01:14:42 – Former UK Chancellor Phillip Hammond on UK Funds
01:26:08 – Fincantiori CEO Says NATO Will Stand up to Donald Trump
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