Bets on ECB Rate Cuts Surge, Bitcoin Nears $100,000 | The Opening Trade 11/22

The euro fell to its lowest level in two years and traders ramped up bets on interest-rate cuts from the European Central Bank after gauges of business activity in the bloc’s two biggest economies contracted more than expected. The single currency fell almost 1% to $1.0375, the weakest since November 2022. The market-implied odds of a half-point rate cut next month jumped to 50%, from about 15% on Thursday. Bitcoin approaches $100,000, fueled by optimism about President-elect Donald Trump's support for crypto and potential friendly regulations.


Chapters:
00:00:00 - Intro
00:01:10 - The Agenda: PMI Day, Gaetz Gone, Bondi Replaces
00:13:01 - Trump Meets Rowan, Warsh in Treasury Secretary Search
00:23:32 - Former French Minister Muscovici on EU, French Budget, Trump
00:42:15 - Spain's Biggest Banks to be Hit by New Tax Rate
00:45:36 - European Market Open
00:53:00 - Citi Downgrades Europe
00:59:49 - Thales Slumps on Bribery, Corruption Probes in the UK, France
01:08:56 - ECB's Christine Lagarde Speaks on Euro, Inflation
01:14:55 - ECB's Lagarde: Urgent Need to Intregrate Capital Markets
01:20:51 - German PMI's
01:38:30 - Northvolt CEO Peter Carlsson Quits After Bankruptcy Filing
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