European stocks and US futures fell while havens such as gold rallied after President Donald Trump threatened levies on countries opposing his plans to acquire Greenland. The euro and Swiss franc advanced. Defense stocks are back on the march again as Trump's threats are met with defiant responses from European leaders.

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
00:02:05 - Trump Tariff Threat on EU
00:06:26 - Gold Price Jumps, Stock Fall
00:07:56 - China 2025 GDP Grows 5%
00:11:08 - Spain Deadly Train Crash
00:11:36 - London IPO Critic Were 'Wrong': Rachel Reeves
00:12:06 - Japan's PM Mulls Food Sales Tax Suspension
00:18:52 - Dollar Pressure After Trump Tariff Push
00:27:18 - EU Leaders Call for Emergency Summit
00:36:25 - DInvestcorp Executive Chairman Alardhi
00:46:53 - Stocks to Watch: Bayer, LVMH, Mercedes
00:55:03 - Mercedes Stock
01:07:12 - ECB Vice President Candidate Mario Centeno
01:16:32 - Trump Threatens 8 NATO Allies
01:20:31 - Will Call G-7 Meeting in Coming Days: France Finance Minister
01:29:36 - Tariffs Exposed Sectors Selloff
01:34:31 - US, EU Tariff Scenarios
--------
More on Bloomberg Television and Markets

Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.

Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/

Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/

More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio

Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals

Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts