Bloomberg Daybreak: Europe Edition Stock Rally Keeps Rolling, Latest ETF Tax Trick, Digital Pound Scepticism
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Jul 22, 2025 Justina Lee, a Cross-asset markets reporter at Bloomberg, joins to discuss the recent stock market rally and the role of asset managers in this surge, even amid global tensions. She dives into the explosive growth of junk bond funds in Europe, highlighting attractive yields drawing in investors. The conversation also touches on AstraZeneca's $50 billion investment plans in the U.S. and addresses the skepticism surrounding the digital pound, focusing on its implications for businesses and investors in an evolving financial landscape.
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Stock Rally Defies Trade Tensions
- The S&P 500 index is reaching record highs despite trade and geopolitical tensions.
- Investors expect a continued rally with President Trump likely stepping back from aggressive tariff threats.
EMMEA Earnings Outpace Others
- European, Middle East and African stocks show stronger profit growth than Asia or Latin America.
- Economic reforms and peace hopes are attracting investors despite US tariff risks.
AstraZeneca Boosts US Investment
- AstraZeneca plans to invest $50 billion in US manufacturing and R&D before 2030.
- This preemptive move aligns with potential tariffs on imported medicines and recent cancellations of UK projects.