Vance Delays Iran Talks, Andy Burnham's Victory | The Opening Trade 6/19/2026

Talks between the US and Iran that had been planned for Friday in Switzerland will not take place, Reuters reported, citing a Swiss Foreign Ministry statement. Vice President JD Vance will not depart Thursday night for the face-to-face negotiations, the White House had said earlier.

The pound edged lower as Andy Burnham won a historic contest for an open parliamentary seat, paving the way for the Greater Manchester mayor to challenge Prime Minister Keir Starmer for his job.

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 and Lizzy Burden.

Chapters:
00:00:00 - The Opening Trade
00:01:03 - Market Check
00:01:18 - Andy Burnham Wins Makerfield By-Election
00:05:31 - Iran: Oil Heads for Weekly Loss
00:06:26 - US Tells ASML China May Have Top Chip Tool
00:09:47 - Andy Burnham on 'Dark Politics' of the US
00:25:17 - Bond Market Check
00:38:11 - US-Iran MoU
00:40:48 - It's a Regime-Shift for US Real Yields: MLIV
00:47:31 - Stocks to Watch: ASML, Prosus, UK Retail
01:15:08 - UK Gilts Extend Drop
01:19:29 - Two BOE Members Dissent
01:25:01 - US, Iran Delay Start of Nuclear Talks
01:30:41 - Food Price Inflation
01:35:09 - Weekend: World Cup, Royal Ascot, Summer Solstice