UK Borrowing Costs Hit 27-Year High, Nestle Stock Falls After CEO Fired | The Opening Trade 9/2

Market Trends & Dynamics - Gold hit a record high of $3,005 hundred (300,500) amid expectations of Fed rate cuts and concerns over central bank independence [1] - Silver saw gains at 40% [6] - Investors are filing money into gold while long maturity bonds enter their worst month [35] - Expectations for the Fed is more than 100 basis points towards mid-2026 [6] Financial Performance & Indicators - Stoxx 50 future is down by 02% [2] - US futures are pointing a little lower by 10% [2] - 10-year Treasury yields are up three basis points [3] - Gold is up more than 30% year-to-date [3] - U K 30-year climbing to 5 66% the highest since 1998 [109] - Nestle stock is down over 3% due to CEO change [110] Company Specific News - Nestle's CEO exited over a workplace affair after one year in the job [29] - Deutsche Bank rejoined the Stoxx 50, while Stellantis exited [34] - Deutsche Bank shares have regained their spot in the Euro Stoxx 50 [141] Geopolitical & Economic Factors - Russia signed a legal binding agreement to build the Power of Siberia 2 gas pipeline, increasing annual Russian flows by another 10 billion cubic meters by 2027 [31] - A potential government shutdown is coming up in the US [20] - The Danish leadership tries to move further away from using any Russian gas [34] - The U K 30-year has the highest yields since 1998 at 5 66% [109]