Spain’s Sánchez Calls Snap Election, Super Rich Exit the UK

The exodus of the uber-rich from the UK has become a $160 billion problem, with individuals tracked in the Bloomberg Billionaires Index loosening their ties with the UK or cutting them entirely in the past two years.

Spanish Prime Minister Pedro Sánchez called an early election for Nov. 29 after parliament rejected a housing plan last week that his government had hoped would quell mounting social protests.

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 Begins: European Political Risk Hits the Euro
00:01:09 – Contagion Fears Across European Markets
00:04:07 – US Jobs, Fed Expectations and Oil
00:06:19 – Bolsonaro Takes Surprise Lead in Brazil
00:09:03 – Spain Faces Prospect of an Early Election
00:12:00 – Euro Slides as Political Risks Mount
00:16:07 – Energy Aspects Founder & Market Intelligence Director Amrita Sen on Saudi Oil Cuts and Soaring Shipping Costs
00:24:50 – European Bonds and Spanish Political Risk
00:25:51 – Bolsonaro’s Brazil Election Upset
00:29:26 – Citi EM Strategy Global Head Luis Costa on Market Reaction to Brazil’s Election & European Bond Turmoil and Emerging Markets
00:39:43 – Euro Selloff Dominates Asian Trading
00:42:59 – Stocks to Watch: Schneider, Italian Banks and Autos
00:46:11 – European Markets Open
00:50:14 – Breaking News: Spain’s Sanchez to Speak From Madrid
00:56:51 – Breaking News: Spain PM Sánchez Calls Early Spanish Election
01:00:32 – What Spain’s Early Election Means
01:06:20 – French Bond Contagion Fears Return
01:14:20 – Key Market Headlines: Spain, Brazil and Oil
01:15:13 – RobCo CEO Roman Hölzl on the Future of Industrial Robotics
01:24:20 – UK Super-Rich Head for the Exit
01:26:45 – UK Plans Tariffs on Chinese Electric Vehicles
01:31:10 – French Bond Risk Spreads Into the Euro
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Spain’s Sánchez Calls Snap Election, Super Rich Exit the UK

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