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. And we’ll tell you what matters for investors in Europe, giving you insight before trading begins.
On today’s show, Japanese bonds led a global rally on bets that the Asian nation is considering cutting its debt issuance. The dollar rebounded. Japan’s 20-year bond yield slid after Bloomberg News reported the nation’s finance ministry asked market participants for their views on the appropriate amount of government debt issuance. Treasuries rallied.
The EU says it will accelerate negotiations with the US to avoid a transatlantic trade war days after President Donald Trump criticized the bloc for taking advantage of the US and slow-walking talks.
European car sales dropped in April amid weaker economic growth and uncertainty due to global trade tensions that prompted consumers to hold off on larger purchases. BYD outsold Telsa in Europe.
Meanwhile, Chancellor Friedrich Merz says Germany is no longer imposing range restrictions on weapons supplied to Ukraine, bringing it into line with the US and UK. It comes as Kyiv’s western allies attempt to intensify pressure on Russia after it launched its biggest drone barrage against Ukraine since the full-scale invasion over three years ago.
Chapters:
00:00:00 – Daybreak: Europe
00:01:54 – Japanese Bonds Rally on Optimism for Borrowing Cut
00:02:08 – Japan 20-Year Yield Extends Drop On MOF
00:03:26 – Ueda Indicates BOJ Eying More Hikes
00:07:09 – EU Plans To ‘Fast Track’ US Trade Talks
00:11:49 – Europe New-Car Sales Slip in August
00:13:58 – BYD Outsells Tesla In Europe
00:14:04 – Tesla Europe Sales Roughly Halved In April
00:18:10 – Xi Mulls New Made-In-China Plan
00:21:11 – Chinese, EU Trade Heads To Meet In June
00:22:28 – Dozens Injured In Liverpool Car Attack
00:22:49 – UK Food Inflation
00:23:11 – King Charles Arrives In Canada
00:26:20 – Japanese Bonds Rally
00:28:24 – Lagarde Sees Bigger Role For Euro
00:30:44 – OPEC+ Brings Meeting Forward By 1 Day
00:32:35 – Merz: No Range Limits On Ukraine Strikes
00:34:56 – Rutte: NATO Moving Toward 5% Target
00:38:29 – Meta Goes MAGA
00:44:05 – Trump Threatens to Steer Harvard Grant Money to Trade Schools
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