Bloomberg Daybreak: Europe Edition

Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) The US has drafted a 15-point plan intended to help bring the war with Iran to a close, according to people familiar with the matter, highlighting the intensifying urgency within the Trump administration to resolve the conflict as the economic toll mounts.

(2) The Trump administration has ordered the 82nd Airborne Division to deploy about 2,000 soldiers to the Middle East, a person familiar with the matter said, as the White House weighs options to ease Iran’s chokehold on the Strait of Hormuz.

(3) Iran said foreign ships are allowed to cross the Strait of Hormuz, as long as they aren’t supporting acts of aggression against the country and follow regulations put in place by Tehran.

(4) The Kremlin is earning the most from its oil exports since just after the 2022 invasion of Ukraine as it cashes in on the war in the Middle East, boosting crude flows amid soaring prices and eased sanctions.

(5) Danish Prime Minister Mette Frederiksen’s party won a closely contested election by pledging stability in global turmoil, setting the stage for difficult coalition talks to secure a third term in power.

(6) Italian Premier Giorgia Meloni called on Tourism Minister Daniela Santanche to resign as she attempts to clean house after a defeat in a key referendum this week, in a sign of growing turmoil within her government.

(7) The trading hub Yiwu provides a small glimpse of the existential threat a prolonged war may pose to China. A collapse of global demand will dent the economy’s only bright spot — exports that the government has counted on to help meet its annual growth targets.

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Oil resumed gains — paring a steep drop from Monday — on concern that other nations may be drawn into the Middle East war.

(2) Donald Trump’s decision to back down from his threat to destroy Iran’s power infrastructure came after US allies and Gulf countries privately warned the president of the dangers of following through with his threat, according to people familiar with the matter.

(3) The supply shockwaves from the US and Israel’s war in Iran are spreading across the global economy, raising concerns about an inflation hit to companies and consumers that will require policymakers to raise borrowing costs.

(4) UK prime minister Keir Starmer said he is looking at wider measures to support Britain’s economy through the Iran crisis as he prepares to chair an emergency meeting on the economic impact of the conflict.

(5) The European Union and Australia agreed to a free-trade deal, wrapping up almost a decade of talks as the two sides push to tighten ties and reinvigorate a rules-based order that’s under assault from the Trump administration.

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) A selloff in stocks, gold and bonds deepened as the US and Iran hardened their rhetoric and signaled a potential escalation to their conflict, which is entering its fourth week.

(2) US President Donald Trump gave Iran a two-day deadline to reopen the Strait of Hormuz or have its power plants bombed, upping the ante in a war now in its fourth week with no sign of de-escalation.

(3) UK Prime Minister Keir Starmer will hold an emergency meeting with his top ministers and Bank of England Governor Andrew Bailey on the Iran crisis on Monday, as the clock ticks on President Donald Trump’s two-day deadline to open the Strait of Hormuz.

(4) Chancellor Friedrich Merz’s party dislodged the Social Democrats from power after 35 years in a southwestern German state, notching a win for a conservative leader struggling to gain nationwide traction among voters.

(5) Socialist Emmanuel Gregoire was on course to win the race for Paris mayor on Sunday, extending the left’s quarter-century hold on the French capital.

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Bloomberg Daybreak Weekend with Host Alexis Christoforous take a look at some of the stories we'll be tracking in the coming week.
In the US – a look at to what we can expect for mortgage rates in 2026.
In the UK – we preview Denmark's upcoming snap elections
In Asia – a discussion on what we can expect when EV maker BYD releases earnings
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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Oil dropped from its highest close since July 2022, as the leaders of the US and Israel sought to reassure investors rattled by damage to major Persian Gulf energy facilities.

(2) Iran’s latest attack on Qatar, which severely damaged the world’s largest liquefied natural gas export facility, will cost the country’s state energy company about $20 billion of lost revenue.

(3) The European Union is bracing for a protracted energy price shock after Iran crippled a vital Qatar gas plant, raising the prospect of a years-long supply crunch.

(4) European Central Bank policymakers would be ready to raise interest rates as soon as their next meeting should fallout from the war in Iran push inflation too far above target, according to people familiar with the situation.

(5) The Bank of England said it “stands ready to act” against a surge in inflation triggered by war in the Middle East, prompting traders to ramp up bets on an interest-rate hike as soon as next month.

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