European chip stocks surge after ASML smashes expectations in its latest numbers. The continent's most valuable company benefited from the rapid development of artificial intelligence infrastructure, which boosted demand for its cutting-edge chip-making machines. ASML's CEO told the Opening Trade that he believes in the sustainability of AI demand. Meanwhile luxury stocks drop after LVMH dims hopes of an imminent rebound in the sector with a disappointing set of results. Plus, Donald Trump raises the prospect of continuing weakness in the dollar. Markets look ahead to Fed Chair Jay Powell's first decision day press conference since the grand jury subpoena. 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)

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. On today's show, US President Donald Trump’s relaxed tone about the dollar selloff is fueling speculation the greenback is at the start of a longer-term decline. He said he didn’t think the greenback had weakened excessively, sending it to a four-year low. ASML’s earnings beat, with bookings far surpassing consensus. The company announced a buyback of up to €12 billion by the end of 2028. Democratic US Representative Ilhan Omar was attacked during a town hall in Minneapolis, where tensions over federal immigration enforcement have come to a head after agents fatally shot two US citizens. Today's guests: French Finance Minister Roland Lescure & Hetal Mehta, Chief Economist at St. James's Place (Source: Bloomberg)

Sales at LVMH Moët Hennessy Louis Vuitton SE’s key fashion unit fell over the holiday season as it continued to suffer from sluggish demand. Organic sales at the fashion and leather goods division fell 3% in the fourth quarter, while analysts expected a drop of 2.94%. Bloomberg’s Caroline Connan reports.

Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Wellington Management’s Brij Khurana, Sidley Austin LLP’s Ian McGinley, Allspring Global Investment’s Abby Roach, LVMH North America’s Pauline Brown, Interactive Brokers’ Steve Sosnick, Institute for Advanced Study’s Alondra Nelson, PIMCO’s Libby Cantrill, Author Don Winslow. (Source: Bloomberg)

Pauline Brown, former chair of LVMH North America, discusses LVMH’s outlook and the global luxury market with Romaine Bostick and Katie Greifeld on “The Close.” She says interest has picked up to levels she hasn’t seen in years, but the key question is whether it converts into sales. (Source: Bloomberg)