Asian shares bounce back after encouraging data on the US labour market. US stock futures are flat after the S&P 500 notched its biggest rally since November 2022. The Opening Trade has everything you need to know as markets open across Europe. Questioning the Fed’s independence. Donald Trump says presidents should have some say over interest rates and monetary policy. He and Kamala Harris agree to debate in September. China’s consumer prices come in higher than expected but seasonal factors played a role as the economy continues to battle the longest streak of falling consumer prices since 1999. 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 Tom Mackenzie. (Source: Bloomberg)