Metals extended their dramatic start to the year — with gold, silver, copper and tin all hitting record highs — as investors bet on a boost from more US rate cuts and a revival in sentiment across Chinese financial markets. China’s trade surplus climbed to $1.2 trillion in 2025, extending a record run as overseas shipments surprised with stronger growth at the end of the year, despite a deepening plunge in sales to the US. Plus, Donald Trump takes issue with Jamie Dimon's stance on the Fed. 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. (Source: Bloomberg)