Russia Grabs Nestle Assets, Trump Holding Off on China Tariffs

Russia took control of the local businesses of Swiss food giant Nestle and French supermarket chain Auchan in the Kremlin’s largest takeover of foreign corporate assets since at least 2024 amid rising tensions with Europe.

The US is expected to hold off announcing new tariffs on China and other trading partners until after next week’s summit between Presidents Xi Jinping and Donald Trump, according to people familiar with the matter, a delay that could preserve such a threat as leverage in the negotiations.

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
00:00:31 – Market Check
00:01:37 – Yen Extends Drop
00:04:52 – Nvidia Sees Chip Sales
00:07:11 – US to Hold Off China Tariffs
00:13:22 – Wizz Air CEO Jozsef Varadi
00:21:07 – US to Allow Iran Officials to Attend UNGA
00:21:45 – Russia Grabs Nestle Assets
00:23:40 – Bond Market Check
00:28:18 – ECB’s Kazaks on Inflation
00:37:09 – Japanese Yen
00:41:44 – BOJ Fails to Support Yen: Market Analysis
00:47:05 – Stocks to Watch: Nestle, UK Retailers, Luxury
01:04:02 – AI Bosses Meets King Charles in Scotland
01:09:08 – Trump, Xi Jinping Meeting
01:16:19 – Yen Weakens After BOJ Rate Hike
01:20:42 – Germany’s Merz Braces for Elections
01:24:12 – Yen Extends Decline Against Dollar
01:28:36 – Croatian National Bank Governor Ante Zigman
01:33:41 – Oktoberfest Begins
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