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TSMC Stock Surges on AI Hype, UK Unemployment Highest in Four Years | The Opening Trade 07/17
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July 17, 2025
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1:35:34Now PlayingTSMC boosted its outlook for the year after delivering record profit despite currency headwinds and the drag from US tariff uncertainty. The company raised its full-year revenue growth forecast to 30%, but said it’s taking a “conservative attitude”.
Chancellor of the Exchequer Rachel Reeves’ first budget appears to have cost fewer jobs than previously estimated, casting fresh doubt over the state of the British labor market after a string of data issues in recent years. Bank of England Governor Andrew Bailey guiding markets toward more reductions and traders putting the odds of a quarter-point cut next month at over 80%.
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.
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