Stephen Carroll

UBS's Matthew Mish speaking to Bloomberg yesterday.

His remarks come as activist investor Boaz Weinstein also warned of deeper cracks in private credit funds.

Fears surrounding the sector have been building in recent days after asset manager Blue Owl Capital blocked investors from making withdrawals from one of its private credit funds, raising anxiety about the loans issued by direct lenders.

European Commission President Ursula von der Leyen says the EU will deliver on its €90 billion aid for Ukraine one way or another.

The EU has been repeatedly blocked by Hungary from passing an aid package and further sanctions on Russia.

Speaking in Kiev, marking four years of the war, von der Leyen stressed that Ukraine would receive funding.

European Commission President's words come as Ukraine is set to run out of funds in a matter of weeks.

This is US brokered peace talks with Russia have stalled.

And those are your top stories.

On the markets, Eurostox 50 futures up by a tenth of 1%.

The FTSE 100 futures are up by four tenths of 1% this morning.

After the State of the Union, the Bloomberg Dollar Spot Index down two tenths of 1%.

The euro is trading at 118.07 against the dollar.

And the 10-year Treasury yield is up two basis points to 4.05%.

I'm Stephen Carroll.

And this is Bloomberg.

News when you want it with Bloomberg News Now.

I'm Stephen Carroll.

The US President Donald Trump has made a strident defence of his economic record at the State of the Union.

In a record 1 hour and 47 minute address, the President said inflation was plummeting and the economy was strong.