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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

Kumra: Markets Are Looking For Direct Messaging From ECB

7/19/2019
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Markets are poised for the July European Central Bank meeting, according to Pooja Kumra, head of European rates strategy at Toronto-Dominion Bank. She tells Daybreak Europe's Caroline Hepker and Roger Hearing, markets want more direct messaging from Mario Draghi on whether quantitative easing will return or another round of interest rate cuts.

Duration:00:05:10

Fortum CEO: Would Be Stronger Working Closely With Uniper

7/19/2019
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Pekka Lundmark, chief executive officer at Fortum, discusses second-quarter earnings, their discussions with Uniper, what they will have to offer Uniper’s union officials and his outlook for the business. He speaks on Bloomberg Radio's Daybreak Europe with Caroline Hepker and Roger Hearing.

Duration:00:05:06

Property Portfolio: Expect More CVA's, Creditor Disputes

7/18/2019
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The amount of CVA's for retail and leasure properties are on the rise, says Mathew Ditchburn, partner and head of the estate disputes team at Hogan Lovells. Speaking to Daybreak Europe’s Sandra Kilhof on Property Portfolio, Ditchburn pointed to issues with the CVA model for retail properties, like how it only tackles one issue, namely rents, and not other fundamental problems like slowing consumer demand. He added that we should expect more landlords to take issue with CVA's and outlined how...

Duration:00:04:11

Vaughan: Pricing In Three Fed Cuts This Year Is Premature

7/18/2019
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The macro economic backdrop is challenging, but there are reasons for the Fed to be slightly more relaxed, looking at the broader economic trends, according to Toby Vaughan chief investment officer at Brown Shipley. He told Daybreak Europe's Caroline Hepker and Roger Hearing it is definitely justified moving to an easing cycle in the US, but there is no reason to get panicked about the state of the recovery.

Duration:00:07:50

Gordon: Negative Yields Are a Pressing Concern for Pension Fund

7/17/2019
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Do negative rates beget negative rates? Bloomberg's Paul Gordon who heads coverage of Western European central banks speaks to Bloomberg's Anna Edwards and Matt Miller. He says negative interest rates in Europe and negative real yields in the U.S. are a significant concern for pension funds.

Duration:00:05:24

Gina Miller on Letter to Johnson About Suspending Parliament

7/16/2019
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Leading pro-EU campaigner Gina Miller has sent a letter to the man regarded as most likely to be the U.K.'s next prime minister, Boris Johnson, warning him about legal action if he tries to prorogue parliament. Johnson has threatened he may do that if MPs try to block a no-deal Brexit. Miller told Daybreak Europe's Matt Miller and Anna Edwards, she thought despite polls now showing a majority of support for remaining in the European Union, a general election might lead to a pro-Brexit...

Duration:00:08:56

Brussels Edition Podcast: Von Der Leyen Pushes for Votes

7/15/2019
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German Defense Minister Ursula von der Leyen faces opposition from greens and socialists in the European Parliament as she races to get enough support for a vote on her candidacy for EU commission president. Bloomberg Brussels reporter Viktoria Dendrinou speaks to Daybreak Europe's Caroline Hepker and Roger Hearing about a busy week in Brussels, as EU foreign ministers meet to discuss worsening relations with Turkey and Iran.

Duration:00:04:13

Cole: We Don't Buy Into The Weak Dollar Story

7/15/2019
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The overwhelming consensus is the dollar is going down, according to Adam Cole, chief currency strategist at RBC, and so far it really hasn't. He told Daybreak Europe's Caroline Hepker and Roger Hearing, markets are overplaying the dynamic role of interest rates and underestimating the static role.

Duration:00:07:11

Access Bank CEO: Yet to Reap Benefits of Merger

7/12/2019
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The retail business of Nigeria's Diamond Bank, strapped on as a result of the merger, will bring down the cost of funds, says Herbert Wigwe, chief executive officer of Access Bank. He told Daybreak Europe's Caroline Hepker and Roger Hearing that every merger takes time to consummate, and that this year will bridge the gap between Access bank and its comparative institutions. He adds that Access Bank now has twenty nine million customers - more than any other bank in Africa - and that the...

Duration:00:04:18

Dumas: Fed Needs To Make Substantial Rate Cut

7/11/2019
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The current miss on the 2% inflation target means the Fed needs to make a substantial rate cut in July, according to Charles Dumas, Chief economist at TS Lombard. Dumas told Daybreak Europe's Nejra Cehic the Fed had always waited too long to start a rate cut cycle - if it went for a cut of 50 basis points in July it would have broken that cycle and, he said, have a good chance of getting the US economy going.

Duration:00:08:10

Property Portfolio: Brexit, Stamp Duty Hurting Buyer Sentiment

7/11/2019
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A no-deal Brexit would be catastrophic for the UK property market and particularly London, says Lee Pendleton, chief executive officer of UK real estate agents James Pendleton. Speaking to Daybreak Europe’s Sandra Kilhof on Property Portfolio as London house prices showed an improvement in June, Pendleton said sentiment amongst buyers remains hesitant with many fearing job losses and a hit to income. Pendleton also cited stamp duty as a major negative factor for London real-estate, stopping...

Duration:00:04:27

Moody's: Deutsche Bank's Restructuring is Ambitious

7/10/2019
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Rating agency Moody's has kept its negative outlook on Deutsche Bank saying there are "significant challenges" to executing the lender's overhaul. Laurie Mayers, associate managing director in the banking group at Moody's tells Daybreak Europe's Anna Edwards that not only will the bank be under pressure to rapidly run down the capital relief unit, it will also have to contain the erosion of the remaining fixed income business and simultaneously hit ambitious targets to grow corporate- and...

Duration:00:03:31

Nielsen: No Surprises Expected From Powell Testimony

7/10/2019
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Fed Chair Jerome Powell is highly unlikely to do anything other than give the message that the market is broadly right in pricing in a 25 basis-point rate cut, according to Erik Nielsen, chief economist at Unicredit. He told Daybreak Europe's Nejra Cehic and Roger Hearing, he would find it hard to argue, on the data available today, that the Fed should be in a hurry to cut. That said, Nielsen argues that the US is likely to see a mild recession in the next year.

Duration:00:08:04

Bloom: We're Not Expecting a Fed Rate Cut in July

7/9/2019
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The markets are getting more sceptical after last week's US job numbers, says David Bloom, global head of FX Strategy at HSBC. Speaking to Daybreak Europe's Anna Edwards, Bloom said the US economy was in a better position than it had been when the Fed raised rates in December, so if cuts are for emergencies, they are not needed now. He added that he sees some upside to the dollar, but the dovish attitude of the markets will not be vindicated.

Duration:00:07:11

O'Sullivan: Expect Polarisation After Globalisation

7/9/2019
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The world is at a crucial pivot point, similar to the fall of communism as globalization, fuelled by China, comes to an end. So is the thesis of new book, "The Levelling: What's next after globalization". Speaking to poke to Daybreak Europe's Caroline Hepker and Roger, author Michael O'Sullivan argues that the end of globalization needn't be so gloomy.

Duration:00:12:01

Papaconstantinou: Syriza Missed Opportunity to Boost Economy

7/8/2019
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Prime Minister Tsipras' legacy is that Greece missed the good times to get to much higher growth rates, according to George Papaconstantinou, Greece's former finance minister. He spoke to Bloomberg's Daybreak Europe hosts Caroline Hepker and Roger Hearing about the election victory of the centre-right New Democracy party. First, Bloomberg's Maria Tadeo breaks down why Alexis Tsipras' Syriza party was rejected at the polls.

Duration:00:08:39

Erlam: Fed May Be Forced to Cut, Despite Improved Job Figures

7/8/2019
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The Federal Reserve has not suggested to markets that they are not still planning a rate cut this month, according to Craig Erlam, senior market analyst at OANDA. He told Daybreak Europe's Nejra Cehic and Roger Hearing the question was what the Fed was going to do towards the end of this year and beyond, and they now had the opportunity to soften expectations for that.

Duration:00:08:11

Brussels Edition Podcast: New Greek PM Faces Poor Growth

7/8/2019
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Greece's new prime minister has his work cut out for him, says Bloomberg’s Brussels bureau chief Nikos Chrysolaras after New Democracy leader Kyriakos Mitsotakis soared to victory in national elections. Speaking with Daybreak Europe’s Roger Hearing and Caroline Hepker, he also discussed the outlook for euro zone growth after European Union leaders nominated IMF Chief Christine Lagarde to lead the European Central Bank.

Duration:00:04:44

Bahrke: Fed Has Boxed Itself in on Rate Cut

7/5/2019
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Only a non-farm payroll increase of 200,000 or above would cause the Fed to hold off on a July rate cut - according to Witold Bahrke, chief strategist at Nordea Wealth Management. Speaking before the US jobs data was released, Bahrke told Daybreak Europe's Caroline Hepker and Roger Hearing the Fed had boxed itself into a corner and it would be very hard to do nothing, given what the market is pricing at this stage.

Duration:00:07:19

Disillusioned Greek Voters Could Punish Tamed Populist Tsipras

7/5/2019
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Lamprini Rori, lecturer in politics, University of Exeter, spoke to Bloomberg's Daybreak Europe's Caroline Hepker and Roger Hearing about the Greek election. Prime Minister Alexis Tsipras shot to power during Greece's financial crisis but his Syriza party faces a challenge from center-right New Democracy.

Duration:00:04:12