The far-right Alternative for Germany scored its best-ever result in a state election on Sunday amid growing public discontent with the political establishment, delivering a powerful blow to Chancellor Friedrich Merz. Iran and the US carried out what appeared to be their largest tit-for-tat tanker strikes yet over the weekend, pushing oil prices higher as both nations continue to escalate a six-month war that has disrupted shipping and stoked global inflation. 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 Guy Johnson. Chapters: 00:00:00 - The Opening Trade 00:00:47 - Market Check 00:02:18 - Asia Tech Stocks 00:03:55 - China Injects Capital into Mega Banks 00:05:45 - US Inflation 00:08:40 - AfD Wins German Election in Saxony-Anhalt 00:13:19 - Novartis Stock Falls 00:17:11 - US-Iran Tanker Attacks 00:22:04 - OpenAI GPT-6 Astra 00:26:51 - Friedrich Merz' AfD Warning 00:30:55 - France Will Continue Ukraine Support: Jordan Bardella 00:43:29 - Japan Likely Sold Treasuries to Fund Intervention 00:48:00 - Stocks to Watch: Novartis, EssilorLuxottica, Autos 01:05:35 - Oil, Gas Prices Rise 01:10:07 - Germany's AfD's Best Results Ever in State Election 01:15:21 - China Injects $45B in Banks 01:23:54 - AfD Falls Short of Majority in State Vote 01:30:03 - UK Chancellor John Healey to Speak 01:34:34 - ECB Rate Decision -------- 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: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts