Bloomberg Daybreak: Europe Edition

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

On today's podcast:

(1) Traders are boosting bets on interest-rate hikes from the European Central Bank and the Bank of England as climbing energy prices threaten to keep inflation entrenched through the coming year.

(2) Iran is ready for a more intense war and will escalate counterstrikes if the US continues attacking its territory and infrastructure, according to a senior official from the Islamic Republic.

(3) Apple unveiled the company’s first foldable smartphone during a wide-ranging event Wednesday, betting that a new category can energize growth for its biggest-selling lineup.

(4) An unprecedented number of US companies sold bonds in Europe on Wednesday, drawn by liquidity and attractive terms as their home market strains under a deluge of AI-related debt.

(5) Jimmie Åkesson won’t become prime minister in coming elections in Sweden but in a way he’s already won. For more than a decade now, the 47-year-old far-right populist has been steering the national conversation in one of most stubbornly progressive corners of Europe.
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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Treasury Secretary Scott Bessent challenged traders to test his resolve on boosting Japan’s currency, saying when he makes market calls these days he’s effectively doing so with inside information.

(2) US forces destroyed five Iranian tankers carrying crude oil on Tuesday in response to two attempts to hit a US Navy warship with ballistic missiles in as many days, Central Command said.

(3) The UK, France, Canada and other countries announced coordinated measures against Israeli settlements in the West Bank, as western nations sought to raise pressure on Prime Minister Benjamin Netanyahu’s government.

(4) The US escalated its trade war with Canada following Ottawa’s tariff retaliation, moving to block imports of some products while slapping new tariffs on others, as well as seeking to bar Canadian companies from selling to government contractors.

(5) The Melville Sugar Mill in South Africa's KwaZulu-Natal province has closed and trees have grown through its brick chimneys, a sign of the struggling sugar industry. The sugar industry sustains more than a million people and provides jobs in a country with high unemployment, but it is struggling to compete with imports and has been in decline since reaching a production peak in 2003.

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

On today's podcast:

(1) UK Prime Minister Andy Burnham’s government is expected to ban trade with Israeli settlements in the West Bank on Tuesday as he seeks to adopt a stronger policy on an issue that’s important to his governing Labour Party but may anger US President Donald Trump.

(2) Brent oil is closing in on $100 a barrel as traders watch for details of an Iranian deal with Oman to manage shipping through the Strait of Hormuz, while strong Chinese buying tightens the market.

(3) Mistral AI has raised €3 billion ($3.5 billion) at a valuation of more than €21 billion from investors led by Samsung Electronics Co. to fund the development of artificial intelligence models and build computing infrastructure.

(4) OpenAI’s top scientist has warned that artificial intelligence is evolving so rapidly that it is becoming increasingly difficult for humans to understand and control, and said he expects AI labs to voluntarily slow development for safety reasons.

(5) Christian Klein takes a sweeping turn around his office building in southwestern Germany and hits the brakes of his black electric BMW. The chief executive officer of SAP SE jumps out in an ebullient mood, in spite of the circumstances.

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

On today's podcast:

(1) The far-right Alternative for Germany scored its best-ever result in a state election on Sunday amid growing public discontent with the political establishment, delivering a powerful blow to Chancellor Friedrich Merz.

(2) Russian Foreign Minister Sergei Lavrov accused Germany of moving toward a direct confrontation with Russia as he criticized Berlin’s decision to close some diplomatic offices after a drone incident at Leipzig airport.

(3) Ukraine is resigned to Russia’s war dragging on through another tough winter and is looking for a “package” from allies that would cover air defense reinforcements as well as energy, including US LNG.

(4) Iran and the US carried out what appeared to be their largest tit-for-tat tanker strikes yet over the weekend, pushing oil prices higher as both nations continue to escalate a six-month war that has disrupted shipping and stoked global inflation.

(5) John Healey plans to put regional growth at the heart of his economic vision, while vowing fiscal discipline, in his first major speech as chancellor of the exchequer on Monday.

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.
In the US – a look ahead to the U.S CPI and PPI reports and a focus on 3 stocks for the week ahead.
In the UK – a look ahead to the next decision from the European Central Bank.
In Asia – a look ahead to the 18th BRICS Summit in India.
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