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Bloomberg Daybreak Europe

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Overnight on Wall Street is morning in Europe. Bloomberg Daybreak Europe is anchored live from London and New York tracking breaking news in Europe and around the world. Markets never sleep, and neither does Bloomberg News. Monitor your investments 24 hours a day, around the clock from around the globe. Hosted by Caroline Hepker and Markus Karlsson.

Overnight on Wall Street is morning in Europe. Bloomberg Daybreak Europe is anchored live from London and New York tracking breaking news in Europe and around the world. Markets never sleep, and neither does Bloomberg News. Monitor your investments 24 hours a day, around the clock from around the globe. Hosted by Caroline Hepker and Markus Karlsson.
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United States

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Overnight on Wall Street is morning in Europe. Bloomberg Daybreak Europe is anchored live from London and New York tracking breaking news in Europe and around the world. Markets never sleep, and neither does Bloomberg News. Monitor your investments 24 hours a day, around the clock from around the globe. Hosted by Caroline Hepker and Markus Karlsson.

Language:

English


Episodes

Fitch's Coulton: Tough Outlook For Emerging Markets

6/25/2019
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Emerging markets are now in a risk-off environment due to geo-political tensions and trade, says Brian Coulton, chief economist at Fitch. Speaking to Daybreak Europe's Anna Edwards he argues that global manufacturing is weak and that China is taking longer to stabilise, creating a negative macro backdrop for EM growth over the next year.

Duration:00:06:56

Brussels Edition Podcast: Backroom Dealings for Top Jobs

6/24/2019
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Expect lots of backroom dealings this week as EU leaders scramble to narrow down a group of names for the bloc's top jobs, says Bloomberg's Brussels reporter Viktoria Dendrinou. Speaking with Daybreak Europe’s Yousef Gamal El-Din, she also discussed EU concerns over Italian debt, saying we may see disciplinary procedure in July if Rome does not change course.

Duration:00:04:31

Ifo's Fuest: Overall German Economy is Slowing Down

6/24/2019
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The continued weakness in manufacturing is now spilling over into industry-related services, says Ifo President Clemens Fuest, and that means the economy overall is slowing down. Speaking to Daybreak Europe's Matt Miller and Anna Edwards, Fuest discussed the Ifo business climate index falling to the weakest level since 2014.

Duration:00:06:43

Johnson: Investors Stretching For Returns After Bond Yield Drop

6/21/2019
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The drop in bond yields driven by the Federal Reserve's dovish signals on rates has pushed investors to stretch for returns in riskier assets, according to Rob Johnson, Nedgroup Investment's head of investments. But Johnson told Anna Edwards that didn't mean increased investment into emerging markets at the moment - those markets are being fuelled by the burgeoning middle income bracket consumers in those countries.

Duration:00:06:59

Jones: Johnson's Team Can't Afford To Be Complacent

6/21/2019
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There is a small chance of an upset in the voting among Conservative grassroots members, as they consider who to vote for as the UK's next prime minister - Jeremy Hunt, or the firm favourite, Boris Johnson - according to Joey Jones, strategic counsel at Cicero Group. He told Daybreak Europe's Juliette Saly the risk for Johnson is trying to be all things to all people. Jones added if Johnson is chosen as prime minister, there will be a small window of opportunity with European Union leaders...

Duration:00:05:18

London's Lord Mayor Flags the Irony of Climate Protest

6/21/2019
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We are reviewing how climate protesters gained access to Mansion House, says Lord Mayor Peter Estlin. He spoke to Daybreak Europe's Anna Edwards after Greenpeace campaigners interrupted Chancellor Hammond's Mansion House speech. He said the City's finance houses are very focused on climate change and that there's an element of irony to the events as the U.K. government is the first to target zero emissions by 2050. Estlin also discussed his upcoming trip to the U.S. and Canada where the Lord...

Duration:00:04:36

Wu: Challenges To Prevent a Banking Squeeze in China

6/20/2019
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Concern is growing about the Chinese banking sector, according to Grace Wu, head of China banks ratings at Fitch Ratings. She told Daybreak Europe's Anna Edwards and Matt Miller there is not enough bank capital right now to support any large scale credit stimulus for China. Wu added there has been a slight uptick in lending during the first quarter but current profitability amongst Chinese banks only allows them to maintain their current capital ratios.

Duration:00:04:54

Blitz: Fed Cut Validated the Market

6/20/2019
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The trigger for the Fed to cut rates is simple - it's inflation not growth says Steve Blitz, chief U.S. economist at TS Lombard. Speaking to Daybreak Europe's Matt Miller and Caroline Hepker he said inflation has been slipping back and Fed chief Jerome Powell is focused on getting to the 2 percent target. He also discussed the uncertainty surrounding the trade war.

Duration:00:08:37

Property Portfolio: BOE Rate Change Won't Phase Real Estate

6/20/2019
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Expect growing dissent within the Bank of England's policymakers, says Bloomberg Economics' Niraj Shah, but not an interest rate hike anytime soon. Speaking to Daybreak Europe’s Sandra Kilhof on Property Portfolio, they discussed how a change in interest rates might impact U.K. real estate. And as Shah explained, the market will be more impacted by a change in sentiment based on higher or lower rates, rather than the change itself.

Duration:00:04:31

Property Portfolio: Retail Landlords Should Brace for More CVAs

6/13/2019
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There is a risk that retailers who have already conducted a company voluntary arrangement may come back for another restructuring plan that could further depress rents, says Bloomberg real estate reporter Jack Sidders. Speaking to Daybreak Europe’s Sandra Kilhof on Property Portfolio, they discussed Arcadia Group's new CVA, which narrowly got the creditor support it needed. That's despite some landlords like Intu objecting to suggested rent cuts of up to 75 percent.

Duration:00:04:18

Norland: Fed to Hold after Cutting Rates in July

6/12/2019
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The markets are screaming for a cut in interest rates amid a flat yield curve and weaker data, says Erik Norland, senior economist at CME Group. But speaking to Daybreak Europe's Matt Miller and Caroline Hepker, he also argues that the Federal Reserve is stuck between a rock and a hard place, because if it cut rates as expected in July, it will look like it is curtailing to President Trump's tweets - despite the market evidence that the Fed is too tight now.

Duration:00:07:50

Park: Global Growth Still Dependent on Central Bank Policy

6/12/2019
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Global growth is still heavily reliant on accommodative central banks, says Edward Park, deputy chief investment officer at Brooks Macdonald. He went on to say if the Federal Reserve doesn't follow the bond market's signals, there is room for further downside for equities. Speaking to Daybreak Europe's Nejra Cehic, Macdonald also discussed his outlook for the global trade tensions.

Duration:00:07:07

BrandZ: Amazon Unseats Apple as Most Valuable Brand

6/11/2019
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The top 10 most valuable brands in the world are dominated by tech firms, says Graham Staplehurt, Global BrandZ strategy director. Speaking to Daybreak Europe's Caroline Hepker and Matt Miller, he says Amazon is a good example of a so-called ecosystem brand because it has diversified from shopping to other offerings and yet has kept hold of its identity and customers.

Duration:00:04:37

Harr: Markets Underestime Fed Action When It Begins

6/11/2019
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Expect the Fed to cut rates three times starting with a 0.25% cut in July, says Thomas Harr, Global head of FICC research at Danske Bank. But speaking to Daybreak Europe's Matt Miller and Caroline Hepker he also argues that once the loosening cycle begins, markets have a tendency to underestimate how far the Fed will go. Harr also weighed in on the ECB saying Mario Draghi is stuck whilst the Bank of England will have to cut rates due to Brexit rather than hike them.

Duration:00:06:42

Bolt CEO on London Relaunch, Uber Rivalry

6/11/2019
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There is a huge appetite from drivers to join this new platform because we offer them a fair deal, says Bolt Chief Executive Officer Markus Villig. He told Daybreak Europe's Anna Edwards and Matt Miller the company's goal is to offer drivers fair pay and much lower fares for passengers. They also discussed how sustainable Bolt is in the saturated London market.

Duration:00:05:07

Riley: Risk Premium for Sterling Assets Warrants Moving Higher

6/10/2019
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A hard Brexit or a U.K. general election that yields a Corbyn government could see sterling down at 1.15 against the dollar or lower, according to David Riley, chief investment strategist at Bluebay Asset Management. Speaking to Daybreak Europe's Matt Miller and Caroline Hepker, Riley weighed in on how the Tory leadership race may impact sterling assets. They also discussed the Trump reversal on Mexican tariffs and leveraged debt build-up.

Duration:00:08:18

Property Portfolio: London Retail Remains a Strong Investment

6/6/2019
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Local knowledge is essential ahead of making an investment in U.K. retail real-estate says Jonathan Bayfield, senior research analyst for global real estate at Aviva Investors. Speaking to Daybreak Europe’s Sandra Kilhof on Property Portfolio, Bayfield explains that London's young, affluent population is driving a resilient market. But he also emphasises that due to the many high streets in the the U.K. capital, it is crucial to identify which will withstand the current downturn in British...

Duration:00:06:20

Edwards: Aggressive Change in Tone From the Fed

6/5/2019
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Markets are now looking at pricing in three or four interest rate cuts by The Federal Reserve by the end of 2020 says Alex Edwards, currency analyst at OFX. He told Daybreak Europe's Caroline Hepker that it's an aggressive move and a change of tone. He also discussed worrying signs including the trade tensions, Trump's tweets and the inverted yield curve.

Duration:00:08:19

Gyimah: The "Underdog's Underdog" Bidding for Tory Leader

6/3/2019
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Conservative lawmaker Sam Gyimah is the thirteenth candidate vying to replace Theresa May. The former Minister for Universities tells Bloomberg's Nejra Cehic and Caroline Hepker why he is campaigning for a fresh Brexit referendum as part of his pitch to become the next U.K. Prime Minister.

Duration:00:05:25

Ostwald: Low Returns in Havens, Focus on Yen Volatility Instead

5/31/2019
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Investors should focus on volatility in dollar-yen and in emerging markets as majors like euro-dollar remain steady, says Marc Ostwald, global strategist and chief economist at ADM Investor Services. He told Daybreak Europe's Nejra Cehic that while sovereigns like bunds offer little to no returns, the current market backdrop means investors should hesitate before charging into equities and corporate debt.

Duration:00:08:05