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.
In today’s show, Republican presidential candidate Donald Trump defended his plans to overhaul the US economy through dramatic tariff increases and more direct consultation with the Federal Reserve.
Elsewhere, LVMH’s sales of fashion and leather goods fell for the first time since the pandemic as the industry’s biggest player was hammered by a slump in demand from Chinese consumers whose appetite for high-end purchases once seemed insatiable.
That was the worst quarterly performance since the second quarter of 2020 when the world went into lockdown. Overall, the group’s sales slid 3%.
Chapters:
00:00:00 – Daybreak Europe
00:00:30 – LVMH Sales Drop as Chinese Demand for Costly Handbags Cools
00:00:49 – Trump Defends Tariff Plan While Pressing for More Fed Influence
00:01:53 – ASML Shares Plunge as Bookings Miss Signals Chipmaker Woes
00:05:07 – Asian Chip Stocks May Fall After ASML’s Order Miss, Guidance Cut
00:09:02 – Inflation, GDP Would Be Same Under Harris or Trump, Survey Says
00:11:56 – EU Readies US Trade Targets If Election Brings Trump Tariffs
00:13:23 – Fed’s Daly Says Officials Must Stay Vigilant to Guard Growth
00:16:25 – LVMH Sales Drop
00:18:49 – Shein Is Said to Add More Banks to Arrange London Listing
00:22:41 – Adidas Raises Profit Target Again Amid Demand for Retro Sneakers
00:25:20 – ASML bookings miss sparks tech slump
00:37:24 – BoFa NII declines less than expected
00:41:34 – UK inflation poised to slowdown
00:42:09 – Keir Starmer Aides Engage With ‘Non-Doms’ Amid Wealth Tax Fight
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