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, Rachel Reeves will unveil her second budget today, which is expected to include a slew of tax hikes to fill a £20 billion hole. But higher levies have been a hard sell to voters struggling with affordability, another issue the Chancellor is focused on.
Bloomberg has learned that White House National Economic Council Director, Kevin Hassett, is being seen as the frontrunner to be the next Fed chair. It comes as the search for Jerome Powell’s successor heads into its final weeks.
President Donald Trump says he’s dispatched top negotiators for additional high-level meetings with both Russia and Ukraine but would only be willing to meet both leaders when a deal to end the war is in the final stages. The President says Special Envoy Steve Witkoff is likely to meet with Russia’s Vladimir Putin in Moscow next week.
Today’s guests: John Stopford, Ninety One Managed Income Head & Legora CEO & Co-founder Max Junestrand
Chapters:
00:00:00 – Daybreak Europe
00:02:42 – UK Chancellor to deliver budget at 12:30pm UK
00:08:18 – Investors cautious ahead of UK autumn budget
00:12:37 – Asian markets
00:14:57 – Trump dispatches aides for more Ukraine talks
00:19:58 – Hassett emerges as top Fed chair contender
00:23:47 – Wednesday headlines
00:25:48 – UK Chancellor to deliver budget at 12:30pm UK
00:26:53 – John Stopford, Ninety One Managed Income Head
00:37:38 – Max Junestrand, Legora CEO & Co-Founder
00:44:09 – UK long-end Gilt curve under pressure
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