Bloomberg Daybreak: Europe Edition

Bloomberg Daybreak Weekend covers three major economic stories: the upcoming US PCE inflation data and its implications for Fed policy, the Reykjavik Economic Conference where central bankers will discuss responding to geopolitical-driven inflation, and Australia's CPI reading amid persistent inflation pressures from the Iran war.

Bloomberg Daybreak Europe covers the economic and geopolitical fallout from the US war with Iran, focusing on the Strait of Hormuz closure driving oil above $100/barrel, surging inflation threatening the $50 trillion G7 sovereign bond market, and the worsening Ebola outbreak in Central Africa exacerbated by global aid cuts.

Bloomberg Daybreak Europe covers NVIDIA's strong but underwhelming quarterly results, SpaceX's IPO filing revealing a $4.3B loss, and the accelerating decline of the global alcohol industry. Additional stories include AI-driven banking job cuts, Iran-US tensions, and UK cost-of-living measures.

Bloomberg Daybreak Europe covers surging global bond yields driven by inflation fears tied to high oil prices, the EU finalizing its US trade deal text ahead of a July 4th deadline, and Spain's Catholic religious orders professionalizing their financial management as membership and donations decline.

Bloomberg Daybreak Europe covers President Trump's decision to delay strikes on Iran after Gulf state appeals, Standard Chartered's announcement of 8,000 AI-driven job cuts, and Milan's wealth boom driving professionals to commute from cheaper Turin. Markets are reacting negatively to unresolved Iran tensions, with oil at ~$110/barrel and bond yields elevated.

Bloomberg Daybreak Europe covers a deepening global bond sell-off driven by the US-Iran war and rising oil prices, China's sharply slowing domestic economy, and a 250% surge in UK M&A activity. Bond yields are hitting multi-year highs globally, with Japan's 30-year yield surging and US 30-year Treasuries at their highest in nearly three years. UK political instability continues as leadership rivals debate rejoining the EU.

Bloomberg Daybreak Europe covers UK PM Keir Starmer's leadership crisis following disastrous local election results, the US-Iran conflict stalling over nuclear proposals with oil prices surging above $100/barrel, and emerging markets showing surprising resilience during the Middle East war. Additional stories include China ordering companies to defy US sanctions, NATO concerns over US troop withdrawals from Europe, and Alphabet closing in on Nvidia as the world's most valuable company.

Bloomberg Daybreak Weekend covers three major stories: US inflation data expected to show significant increases in April CPI and PPI readings, the Cannes Film Festival's role in revitalizing the cinema industry amid AI disruption, and Treasury Secretary Scott Bessent's three-day visit to Japan to discuss yen weakness and bilateral economic issues.

Bloomberg Daybreak Europe covers three major stories: UK Labour's devastating local election losses to Reform UK and the Greens, US military strikes on Iran after attacks on Navy destroyers in the Strait of Hormuz, and Europe's electricity grid operators ramping up physical and cyber defenses against sabotage.

Bloomberg Daybreak Europe covers a potential US-Iran peace proposal to reopen the Strait of Hormuz, the Bank of England's private doubts about UK GDP data, and the rise of Kazakhstan's latest billionaire Nerland Smagulov. The episode also touches on AI's poor performance in trading contests, China's conflicting directives on US sanctions compliance, and UK local elections.

Bloomberg Daybreak Europe covers three major stories: Trump pausing Project Freedom to reopen the Strait of Hormuz while pursuing an Iran deal, Anthropic launching 10 AI agents targeting financial services, and UK gilt yields hitting a 28-year high amid political instability concerns.