Iran Says US Deal Not Imminent | The Opening Trade 5/25/2026
Speakers
Monica de Fonzi
— Head of Amundi Investment Institute
Naomi Fink
— Chief Global Strategist, Nippon Asset Management
Summary
The Opening Trade covers market optimism over a potential Iran-US deal reopening the Strait of Hormuz, driving oil prices down and global equities up. Guests discuss central bank policy implications, European banking sector, and Turkish political risks. The show also covers Delivery Hero takeover news and a Huawei chipmaking breakthrough.
- Iran-US deal hopes drive oil down 6% and European stocks up.
- Bond yields fall as inflation fears ease; short end of curve in focus.
- ECB likely to revise inflation outlook upward; June rate hike priced in.
- Turkish political turmoil causes market volatility but central bank seen managing.
- Delivery Hero surges on Uber takeover bid; bidding war with DoorDash.
- Rolls-Royce CEO discusses turnaround and small nuclear reactors.
- Huawei claims chipmaking breakthrough narrowing gap with TSMC.
- Ebola outbreak in DRC causes global health concern.
Trade Ideas
Long European banks relative to US.
European banks have good fundamentals and operational model relative to US banking sector, and she is positioning constructively on the sector.
Up Next
This Bloomberg Markets video, published May 25, 2026, features Monica de Fonzi discussing EUFN. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Monica de Fonzi · Tickers: EUFN