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 fresh proposals are the US and Iran considering to end the war?
In London, Freddie Fulston, Bloomberg Radio.
Polling stations are open from 7am in the UK today for voters to take part in elections across Britain. Wales and Scotland will choose new members of their devolved Parliament, while in England more than 5,000 council seats are on the ballot. These elections are the biggest vote since Labour came to power in 2024. Results are expected to come in on Friday and over the weekend.
The Bank of England is privately starting to doubt Britain's official growth statistics. GDP data next week is likely to paint a rosy picture of the economy, but Bloomberg understands BOE officials think the UK's statistics agency is overplaying the numbers. James Walcock has more.
The hope starts in May. Last year, first quarter GDP came in at 0.7%. That's a remarkably high figure for Britain's ailing economy, spawning articles about a UK economic turnaround. Then growth fell to practically zero in the third and fourth quarter, dashing those hopes.
The same pattern has repeated for the last three years, and now both the Bank of England and private forecasters are starting to doubt the data. One culprit may be seasonality. The suspicion is that the Office for National Statistics is struggling to adjust for shifts in spending habits after the pandemic.
The ONS told Bloomberg it will start publishing non-seasonally adjusted GDP figures next week. But it means the central bank goes into a potential oil supply shock, doubting if growth really is getting better. In London, James Woolcock, Bloomberg Radio.
Well, those are our top stories for you this morning. Looking at the markets, oil prices remain at $101.40 the barrel after the big retreat yesterday for Brent crude futures. This as global stocks have surged. The All Country World Index is up three tenths of 1%. Optimism seen on the MSCI Asia Pacific Index up 2%. And the Nikkei 225 catching up after a couple of
Holiday days, the Nikkei 225 up 6%. We've also had out a number of earnings this morning. I'll mention Maersk reaffirming its underlying EBIT forecast for the whole year, saying that the Middle East war has had a limited impact for Maersk on its first quarter results. Engie also seeing full year EBIT also coming in just below estimates, a 15% drop in first quarter results.
earnings for ng stock futures for europe actually have turned negative down about a tenth of one percent 10-year u.s treasury yields up 435 and the bloomberg dollar spot index uh flat this morning that's news when you want it with bloomberg news now i'm charles capel and i'm caroline hepke and this is bloomberg
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