TSMC Stock Surges on AI Hype, UK Unemployment Highest in Four Years | The Opening Trade 07/17

Teona Gherasim

TSMC boosted its outlook for the year after delivering record profit despite currency headwinds and the drag from US tariff uncertainty. The company raised its full-year revenue growth forecast to 30%, but said it’s taking a “conservative attitude”. Chancellor of the Exchequer Rachel Reeves’ first budget appears to have cost fewer jobs than previously estimated, casting fresh doubt over the state of the British labor market after a string of data issues in recent years. Bank of England Governor