Tiwa Adebayo

In the Eurozone, the picture is similar, with ECB rate setter Yanis Stouranis telling Greek newspaper Katimerini that the war in the Middle East now makes a June rate hike the most likely scenario.

Computer memory makers are joining the trillion dollar club as investors bet the AI boom will change the sector forever.

Both SK Hynix and Micron saw their market caps break the trillion dollar mark in the past 24 hours.

Bloomberg's markets reporter Anthony Stevens says the surge in Asia tech companies is boosting the market.

Anthony Stevens there.

The cost fee is up 100% year to date, despite the pessimism around the energy shock.

That's being driven by firms like Samsung and SK Hynix, which has seen as gigantic as a 1000% gain in the past 12 months.

Bullish investors are hoping earnings will match that breakneck pace, though some fear any AI slowdown could set back the rally.

That's news when you want it with Bloomberg News Now.

I'm Tiwa Adebayo.

And I'm Caroline Hepke.

Her speech is set to mark the 80th anniversary of a founding Anglosphere Intelligence Alliance, but in it, Anne-Kiese Butler will warn the West is falling behind.

The director of Britain's Signals Intelligence Agency, GCHQ, is set to make a rare public speech to mark the occasion.

According to excerpts released by her office, she will use the address to highlight China's progress in intelligence, cyber and military capabilities, adding that the UK is running out of time to preserve its advantage.

The agency chief will also accuse Russia of relentlessly targeting critical infrastructure, spotlighting her agency's work to disrupt their efforts.

In London, Tiwa Adebayo, Bloomberg Radio.

News when you want it with Bloomberg News Now.

I'm Tiwa Adebayo.

Keir Starmer is defying speculation that his time as the UK's Prime Minister is over.

More than a fifth of his MPs and four junior ministers are publicly calling for him to stand down after a landslide loss in local elections last week.