Caroline Hepker

Now, the retreat comes as the wider market has been rattled by concerns over the health of the AI sector.

NVIDIA is the only member of the MAG7 stocks that is currently posting a positive return year to date.

Those are our top stories for you this morning.

In terms of the markets, a six-month high now for oil prices with Middle East risks rising.

You have Brent crude futures trading at $72.15 up by seven-tenths of 1%.

There's also the possibility, only a possibility, that with the US Supreme Court returning from recess, there could be maybe an opinion on oil.

Trump tariffs today.

Hang Seng tech index is dropping 2%.

So the AI and tech concerns remain there in focus in parts of the market.

The KOSPI, though, up by 2.2%.

Stock futures for Europe also surging a solid four tenths higher this morning.

The pound and euro weaker.

Treasury yields, 10-year US yields flat at 4.07.

Those are the markets.

I'm Caroline Hepke.

And this is Bloomberg.

And I'm Caroline Hepke in London.

We're the hosts of the Bloomberg Daybreak Europe podcast.

We do it early so the news is fresh, not recycled, and so you know what actually matters as the day gets going.

And from London, I'm looking at what all that means for markets, money and the wider economy.