Bloomberg Daybreak: Europe Edition

Your morning briefing.

All the news you need to start your day.On today's podcast:

(1) The yield on benchmark French debt hit 5% for the first time since 2002 as rising energy prices exacerbated concern over the country’s fiscal outlook.

(2) The US State Department issued an ordered departure for non-emergency personnel and their families from Saudi Arabia because of the growing threat from Houthi militants in neighboring Yemen.

(3) Meta Platforms Chief Executive Officer Mark Zuckerberg told investors that a pricey wager on artificial intelligence is delivering results, setting the stage for the company to bet even more aggressively on the market

(4) Tesla pulled back its spending plans after investment last quarter trailed expectations, clouding Elon Musk’s effort to transform the electric vehicle maker into an AI and robotics company

(5) European car sales growth accelerated last month, extending a run of gains this year as buyers turn to electric cars, with Chinese manufacturers capturing much of the increase.

(6) The European Union reached a provisional agreement to overhaul rules governing the bloc’s securitizations markets, a deal that would unleash billions of euros to finance initiatives in key areas such as defense and climate resilience.

(7) UK banks have stepped up lobbying attempts against the prospect of higher taxes, warning of the hit to growth and lending, but many investors have already priced in the risk.

(8) Years of war and sanctions are making it harder for Russia's oil producers — including Rosneft, the nation’s largest — to maintain volumes today while developing reserves for tomorrow.

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) A recent slowdown of the SpaceX’s Starlink satellite system that enables Ukraine to fend off deadly Russian aerial assaults came from an order by Elon Musk, the company’s chief executive officer, the Wall Street Journal reported on Tuesday.

(2) Volodymyr Zelenskyy sought to draw a line under the escalating feud with the US after meeting with Donald Trump’s envoys in Oslo, while the US president kept up pressure on Kyiv.

(3) Elon Musk capitalized on a strong quarter of earnings at SpaceX to openly press for combining the business with Tesla Inc. in what would be the biggest merger of all time.

(4) Billionaire Ken Griffin said investors are “almost certainly” in the midst of an artificial intelligence bubble as many companies are still grappling with just how much they’ll spend on the technology and how it will transform the economy.

(5) There’s a risk the ongoing French bond rout escalates into a euro-area debt crisis that eclipses the blowup that began in Greece nearly two decades ago, warned Franklin Templeton’s fixed-income investment chief.

(6) More than half of Britons think markets could severely lose confidence in the UK within five years. The poll from Ipsos and the National Institute of Economic and Social Research found respondents expect tax hikes in the coming budget.

(7) Italian Prime Minister Giorgia Meloni heads into next year’s election with no plans to broaden her coalition to include the new far-right National Future party, said one of the co-founders of her Brothers of Italy party.

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) German Chancellor Friedrich Merz warned against complacency over the dangers posed by Russia, saying that President Vladimir Putin is seeking to not only defeat Ukraine, but to also undermine democracy in Europe.

(2) Ukrainian officials say they suspect the US is intermittently restricting intelligence sharing despite Trump administration denials, allowing Russian projectiles to strike Ukraine without warning — including in a ballistic missile attack on Sunday.

(3) French protests largely died down after authorities rolled out tougher security measures, including targeted curfews, following cost-of-living protests over the weekend that degenerated into violence, vandalism and looting.

(4) Vinted, a secondhand online marketplace that counts France as one of its largest markets, has seen an influx of listings suspected to contain looted items after riots broke out across the country.

(5) Shares of data-center infrastructure company Elice Inc. plunged in their trading debut, underscoring lingering concerns about whether the artificial intelligence boom can justify the billions of dollars being poured into the industry.

(6) Chancellor John Healey will not increase capital gains tax in the Budget next week, in a decision that will relieve business leaders who warned ministers against such a move.

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Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) French President Emmanuel Macron said the country felt anger and shame following widespread violence over the weekend and called for order to be restored.

(2) Ukrainian President Volodymyr Zelenskyy accused Donald Trump of trying to pressure Kyiv into surrendering to Russia, escalating a week-long row with the US president.

(3) Russia’s Vladimir Putin proposed a meeting with President Donald Trump and China’s Xi Jinping next month to discuss ending the war in Ukraine, the Wall Street Journal reported Sunday.

(4) The euro fell against most of its Group-of-10 peers as tensions in Ukraine escalated, and widespread protests in France deepened worries about the country’s fiscal health.

(5) The UK set out plans for work placements in the professional services and construction sectors as ministers work to get a grip on the country’s youth unemployment crisis.

(6) A couple of hundred miles along the Mediterranean coast from Antalya, where Turkey is hosting next month’s COP31 climate summit, sits Adanalioglu Beach. Along its sands, fingernail-sized pieces of shredded plastic in bright, artificial colors regularly wash ashore.

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.
In the US – a look ahead to US housing data, with a focus on 3 stocks for the week ahead.
In the UK – a look ahead to a key summit in Berlin.
In Asia – a look ahead to a monetary policy decision from the Bank of Korea.
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