Bloomberg Daybreak: Europe Edition7 Loka 2024

One Year After October 7th Attack, Oil In Focus & Market Bulls and Bears

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) As the Middle East marks a year since the deadly Oct. 7 attacks by Hamas, Israel is locked in a multi-front war with no clear end, sending troops back to northern Gaza and keeping up intense aerial attacks and a limited ground maneuver in Lebanon.

(2) Oil opened the week lower as the market waited to see if Israel would retaliate against Tehran for a missile attack last week, with President Joe Biden discouraging a strike on Iran’s crude fields.

(3) The world-beating rally in Chinese stocks is failing to convince many global fund managers and strategists.

(4) The European Central Bank will “quite probably” cut interest rates at its next meeting later this month, according to Governing Council member Francois Villeroy de Galhau.

(5) Keir Starmer replaced his top aide and the Treasury acknowledged that key tax-raising plans were under review, as the Labour government tried to correct course from what even allies say has been a rocky three months in power.

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