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Lisbon Funicular Crash Deadliest in Portugal History | The Opening Trade 9/4

Markets

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September 4, 2025

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Bloomberg

The Portuguese government declared a day of mourning after 17 people died in a tram derailment, one of Lisbon’s most tragic transport-related incidents. The site, where the tram car lay crumpled sideways and practically destroyed on the steep street, remained cordoned off by police on Thursday.  Traders start to hold their breath ahead of critical payroll data Friday. The bond market stabalises, gold drops. After a big reversal in long dated Gilts yesterday, Bank of England Governor Andrew Bailey downplays the significance of this weeks long end sell off. Chinese stocks drop sharply as regulators in Beijing look to cool market speculation. 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 Guy Johnson, Tom Mackenzie and Valerie Tytel. (Source: Bloomberg)

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