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, stocks rebound after the Federal Reserve Chair signaled another rate cut is on the cards later this month. Jerome Powell cited continued weakness in the labor market, particularly the low pace of hiring. That outweighed renewed tensions between the US and China, with President Trump threatening to boycott Chinese cooking oil in the latest salvo of the trade war.
Also on the program, ASML’s third quarter orders beat estimates, as bumper AI investment fuels demand for its chip-making machines. And LVMH reports a surprise return to growth in a sign that demand for luxury is picking up again.
Today’s guest: Elizabeth Ingleson, The London School of Economics, Associate Professor.
Chapters:
00:00:00 – Daybreak Europe
00:00:57 – ASML Earnings Update
00:03:44 – Asian Stocks Rise on Fed Rate-cut Bets
00:06:19 – Trump Threatens China Cooking Oil as Payback for Soy Boycott
00:10:38 – Stocks Gain as Rate-Cut Bets Outweigh Trade Angst
00:13:47 – ASML Orders Beat Expectations as AI Arms Race Boosts Demand
00:17:26 – Dimon’s ‘Cockroach’ Fear Revives Threat of Cracks in Credit
00:18:19 – Wall Street Lenders Report Record Growth
00:19:41 – Banks Navigate New Rate Environment
00:21:03 – LVMH Returns to Growth With Fashion Unit Proving Resilient
00:26:17 – BofA Survey: AI Stocks Are In A Bubble
00:27:56 – Elizabeth Ingleson, LSE Associate Professor
00:34:29 – French Premier Lecornu Wins Crucial Socialist Party Backing
00:38:39 – Apple to Build Home Hub and Robot in Vietnam in Pivot From China
00:38:55 – AMD Wins Big AI Chip Order From Oracle in Race to Catch Nvidia
00:40:07 – Big Take: US Races to Rebuild Submarine Power Before China Catches Up
00:44:36 – BOE’s Bailey: More Emphasis on Productivity Growth
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