Turkey’s lira sank, an equity selloff triggered a trading halt, and government bond yields surged to the highest levels this year as investors dumped the nation’s assets after the arrest of a Istanbul's mayor Ekrem Imamoglu, key rival to President Recep Tayyip Erdogan. The lira plunged more than 10% to new record lows on news of the arrest early on Wednesday. German lawmakers passed a landmark spending package that could unlock hundreds of billions of euros in debt financing for defense and infrastructure and heralding the end of decades of budget austerity. 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 Guy Johnson.