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, The US and China are both citing progress, following two days of talks in Switzerland aimed at de-escalating their trade war. Treasury Secretary Scott Bessent says Washington will share details today, with Vice Premier He Lifeng promising a joint statement.
Meanwhile, shares in Asian drugmakers are lower this morning after President Trump said he planned to slash US rescription drug costs.
In a social media post, Trump said he will sign an executive order today mandating that Americans pay no more than people in countries that have the lowest price.
President Trump’s effort to secure peace in Ukraine is reaching a decisive moment, with Ukraine’s Volodymyr Zelenskiy challenging Vladimir Putin to engage in talks this week. Zelenskiy said he will travel to Istanbul on Thursday where Putin has proposed direct negotiations. It follows a weekend of frantic diplomacy that saw the leaders of Germany, France, Poland and the UK visit Zelenskiy in Kyiv.
Today’s Guests: Lauren van Biljon, Senior Portfolio Manager at Allspring Global Investments.
Chapters:
00:00:00 – Daybreak: Europe
00:00:50 – Markets Cheer US-China Trade Talks
00:02:03 – US, China Cite ‘Substantial Progress’ In Talks
00:02:52 – US Stocks Futures Rise on Trade Talks
00:03:01 – Gold Slumps On Trade Talks
00:03:46 – Unicredit Earnings
00:04:38 – ‘Progress’ In US-China Trade Talks
00:08:42 – Trump May Accept Qatar Jet As A Gift: ABC
00:10:23 – Trump Heads To Mideast Seeking Investments
00:11:14 – Aramco 1Q Profits Drop
00:15:16 – Unicredit Profit Beats Estimates
00:17:37 – BNEF: Clean Hydrogen Enthusiasm Stalls
00:21:35 – Spain Said To Back Sabadell Tie-Up As Alternative To BBVA Deal
00:21:54 – Stellantis Said To Near CEO Decision
00:22:20 – CATL Begins Taking Orders for World’s Top Listing in 2025
00:26:02 – Lauren van Biljon, Senior Portfolio Manager at Allspring Global Investments
00:33:23 – Trump Targets US Prescription Drug Costs
00:37:06 – Japan’s 30-Year Bond Yield Rises To Highest In Almost 25 Years
00:37:35 – Putin Offers Talks With Ukraine on May 15, Stays Silent on Truce
00:44:11 – US, Iran Agree To More Nuclear Talks
00:44:43 – Hamas Says It Will Free Last Living American Hostage In Gaza
00:45:10 – India-Pakistan Ceasefire Holds
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