SNB's Surprise Half Point Rate Cut, Euro Edges Up Before ECB Decision | The Opening Trade 12/12

The Swiss National Bank cut its key interest rate by 50 basis points to 0.5%, a bigger-than-expected move aimed at stemming gains in the franc. Most economists saw the SNB delivering a quarter-point reduction but policymakers opted for a larger move, sending the franc to the bottom of the G-10 FX leader board. The euro adds a few pips ahead of the European Central Bank decision where a 25-bp interest rate cut is widely expected. 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 Kriti Gupta.

Chapters:
00:00:00 - The Opening Trade
00:00:55 - The Agenda: US CPI, SNB Decision, ECB Decision
00:09:40 - Police Investigate ‘Wanted’ Posters of Executives Around New York
00:13:26 - Janet Yellen Says Tariffs Could Harm US Competitiveness
00:24:02 - ECB Rate Decision Look Ahead
00:34:54 - Trump Invites XI Jinping to Inauguration: CBS
00:39:44 - South Korean President Yoon Set To Face Second Impeachment Vote
00:46:04 - European Market Open
01:04:36 - NATO Weighs Defense Production Targets
01:15:42 - Flix CFO Explains Postponing IPO
01:19:05 - UniCredit on UK IPO Market Sinking Below Oman
01:25:18 - SNB Cuts Policy Rate by 50 Bps to 0.5%
01:30:14 - ECB Rate Cuts in 2025
01:31:39 - Romania, Bulgaria Win Full Access to Passport-Free EU Area
01:32:18 - France: Possible New Prime Minister
--------
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:   / bloombergtv  
Facebook:   / bloombergtelevision  
Instagram:   / bloombergtv  

Connect with Bloomberg Business on:
X:   / business  
Facebook:   / bloombergbusiness  
Instagram:   / bloombergbusiness  
TikTok: https://www.tiktok.com/@bloombergbusi...
Reddit:   / bloomberg  
LinkedIn:   / bloomberg-news  

More from Bloomberg:
Bloomberg Radio:   / bloombergradio  

Bloomberg Surveillance:   / bsurveillance  
Bloomberg Politics:   / bpolitics  
Bloomberg Originals:   / bbgoriginals  

Watch more on YouTube:
Bloomberg Technology:    / @bloombergtechnology  
Bloomberg Originals:    / @business  
Bloomberg Quicktake:    / @bloombergquicktake  
Bloomberg Espanol:    / @bloomberg_espanol  
Bloomberg Podcasts:    / @bloombergpodcasts