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, Global stocks climbed toward a record and bonds extended gains as a subdued US inflation report eased concerns about an imminent interest-rate hike by the Federal Reserve.
A $42 billion auction of 10-year US Treasuries resulted in the highest yield for the benchmark securities since 2007, luring decent appetite from investors who’ve been demanding more compensation to finance the US government.
And Iran reorganized its military to be more aggressive abroad as talks on ending the war with the US remain mired in stalemate, a sign that Tehran is preparing for a protracted era of regional conflict.
Today’s guest: Máximo Torero, UN Food & Agriculture Organization Chief Economist.
Chapters:
00:00:00 – Daybreak Europe
00:04:50 – Korean Stocks Rise 22% in 10 Days as Chip Rally Regains Steam
00:07:28 – US Sells 10-Year Debt at Highest Yields Since Financial Crisis
00:10:42 – Trump Reverts to Economic Squeeze of ‘Entrenched’ Iranian Regime
00:19:05 – Maersk Raises Guidance Again on Higher Global Freight Rates
00:23:08 – Cerebras Shares Tumble After Growth Underwhelms Investors
00:29:08 – Rhine Shipping Stalls as Water Levels Hit Record Lows
00:33:00 – Forces Pushing up Food Prices
00:36:21 – Global Food Prices Hit Three-Year High
00:45:23 – US Inflation Outruns Pay Gains
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