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Chapter 1: What is the main topic discussed in this episode?
Hello, I'm Stephen Carroll. I'm in Brussels, where many of Europe's biggest decisions get made.
And I'm Caroline Hepke in London. We're the hosts of the Bloomberg Daybreak Europe podcast.
We're up early every weekday, keeping an eye on what's happening across Europe and around the world.
We do it early so the news is fresh, not recycled, and so you know what actually matters as the day gets going.
From Brussels, I'm following the politics, policy and the people shaping the European Union right now.
And from London, I'm looking at what all that means for markets, money and the wider economy.
We've got reporters across Europe and around the globe feeding in as stories break.
So whether it's geopolitics, energy, tech or markets, you're hearing it while it happens.
It's smart, calm and to the point.
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Chapter 2: What are the key factors driving EU-China trade tensions?
Whatever macro thing happens, if you're sitting on 300% gains, you have a lot of room to run.
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.
And now to some politics here in the UK. Tony Blair says that the Labour Party is playing with fire and has no clear plan for the country. The most successful Labour prime minister in modern political history slammed his party in an essay written for his think tank. Bloomberg's James Walcock has more.
an infinite capacity for self-delusion. That's how Tony Blair described the Labour Party. The former Labour Prime Minister is warning there's no point in ousting Keir Starmer unless whoever replaces him has a clear plan for government. Blair also took issue with the government's current policies on clean energy, its failure to reform welfare and its high taxes, labelling the platform soft left.
There's still no formal leadership challenge against Keir Starmer, but Blair is clearly one of the many who are publicly now talking about what might come after. In London, James Woolcock, Bloomberg Radio.
And those are our top stories for you this morning. Looking at the markets, momentum in technology shares has been accelerating in the Asia session. This after the S&P 500 and the Nasdaq yesterday closed at record highs. You've seen South Korea's SK Hynix becoming Another one of these trillion dollar companies in Europe in terms of the sector breakdown.
So auto and car parts and the chemicals companies seeing some gains. We're up about two tenths of one percent for European stocks right now. As stock futures for the US are still in the green and you've had German bunds gilts opening higher today.
with yields in the UK down four basis points, German yields down two basis points, and oil prices most importantly sliding 2.2% for Brent crude futures. So those are the markets.
That's news when you want it with Bloomberg News Now. I'm Tiwa Adebayo. And I'm Caroline Hepke.
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