Bloomberg Daybreak: Europe Edition Starmer Leadership Threat, China's Phantom Loans, Wall-St India Hiring Spree
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Nov 12, 2025 Join Lizzie Burden, UK political correspondent, as she delves into the leadership tensions surrounding Keir Starmer, revealing potential challenges from a prominent minister. Sudhi Naya, finance reporter, uncovers the intriguing trend of US banks ramping up hiring in India, adapting to new visa policies by selecting high-end tech and finance roles. The duo also tackles China's unorthodox banking practices, where loans are quickly repaid to meet targets. Tune in for a fascinating exploration of politics and finance!
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Stability Seen As Critical To Market Confidence
- Keir Starmer's allies fear internal rivalry could trigger market turbulence if a leadership change is attempted.
- The government treats stability as essential to prevent financial backlash ahead of a contentious budget.
UK Jobs Data May Be Misleading Policymakers
- Officials warn unemployment data may overstate UK labour weakness due to erratic ONS inputs.
- Policymakers worry noisy data could mislead Bank of England decisions before the budget.
Private Data Shapes Fed Rate Expectations
- Softer US jobs data and ADP numbers pushed markets to price in higher odds of a Fed rate cut.
- The shutdown has increased reliance on private indicators, creating data uncertainty.
