Iran Attacks US Bases; Fed Call & AI Earnings Loom | The Opening Trade 7/29/2026

Iran fired on American forces overnight and the US and Saudi Arabia struck Tehran-backed militias in Iraq, abruptly ending a days-long lull in hostilities.
The US and Iran had paused attacks at the end of last week to give diplomacy another chance, leading to a significant drop in energy prices.

US stocks edged higher as traders held off on major bets ahead of a US interest-rate decision where markets see room for a hike and earnings from two of the world’s biggest spenders on artificial intelligence.

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 and Lizzy Burden.

Chapters:
00:00:00 – The Opening Trade
00:02:12 – UBS Earnings, $3B Buyback
00:05:19 – UBS CEO Sergio Ermotti
00:08:18 – Fed Expected to Hold Rates
00:09:48 – Sk Hynix Profit Disappoints
00:17:58 – ASM International CEO Hichem M’Saad
00:27:55 – Bond Market Check
00:30:20 – Iran, Oman Hormuz Agreement Talks
00:42:50 – Will Fed Decision Move Markets: MLIV
00:50:27 – Stocks to Watch: Banks, Tech, Luxury
00:55:30 – Kering Stock Surges on Gucci Progress
01:04:44 – Expect More Volatility: Sergio Ermotti
01:09:04 – Standard Chartered Stock
01:17:48 – Oil Prices Surges
01:20:39 – Should Fed Hike or Hold?
01:28:49 – Airbus Earnings
01:32:37 – Microsoft, Meta Earnings
01:38:23 – Korean Stock Market Wild Ride
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