AI Optimism Sends Stocks Rocketing Higher; BP's Chair Ousted | The Opening Trade 5/27/2026

The rally in US stocks is set to stretch into a fifth day as optimism around artificial intelligence, lower oil prices and easing bond yields spurred traders to grow increasingly bullish. Former BP Plc Chairman Albert Manifold says he was fired without warning or explanation and will challenge the company’s version of events, deepening the turmoil around the UK oil major’s latest leadership change. The company didn’t provide further details in its statement, but people close to BP who requested anonymity said there’d been complaints about aggressive behavior by Manifold toward employees, as well as of mishandling sensitive information and seeking to bypass the board. 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 Joumanna Bercetche and Tom Mackenzie. (Source: Bloomberg)