From Bloomberg Markets and Finance.

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we’ll tell you what matters for investors in Europe, giving you insight before trading begins.

On today’s show, President Trump used a prime-time address to the nation to say that the war in Iran is "very close" to completion. But in the same speech, he also said the US would hit Iran "extremely hard" over the next two or three weeks. Oil jumped, while stocks and bonds fell as hopes for a quick end to the war faded.

NASA is on an historic mission to return to the moon for the first time in more than 50 years, with the successful launch of Artemis II. Four astronauts are on a 10-day mission to go around the moon and back, traveling further into space than anyone has gone before.

And Bloomberg understands that Estée Lauder and Puig are furthering talks to combine, putting the two family-owned companies on track to create one of the world’s largest luxury beauty players.

Chapters:
00:00:00 – Daybreak Europe – 4/2/2026
00:03:13 – Trump Vows to Hit Iran Hard in Coming Weeks
00:05:55 – MSCI Asia Pacific Index Reverses Rebound
00:08:34 – Iran’s President Tells Americans To Look Past Rhetoric
00:13:33 – Risk Off Grips Markets as Oil Rises with Dollar
00:20:06 – NASA Launches First Crewed Moon Mission in 50 Years
00:22:12 – Aluminum Output Halts; US Readies Tariffs
00:25:30 – Front Page News
00:26:52 – Oil Jumps on War Escalation Threats
00:30:54 – Macron: France, Japan Back Iran Ceasefire
00:33:56 – Sources: Stellantis in Talks to Make EVs at Idle Canadian Plant
00:37:49 – Corporate News: SpaceX, Anthropic, Oracle
00:39:13 – Estée Lauder, Puig In Talks To Combine
00:44:26 – Chart Talk
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