Bloomberg Daybreak: Europe Edition

Carney Wins In Canada, Spain Blackout Mystery, Trump's First 100 Days

Apr 29, 2025
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INSIGHT

Carney's Narrow Victory Challenges

  • Mark Carney's Liberals won a fourth term but with a narrow margin, likely lacking a clear majority.
  • Carney must build coalitions while confronting a tougher US trade environment under Trump.
INSIGHT

Iberian Blackout Reveals Grid Fragility

  • The massive blackout in Spain and Portugal remains unexplained despite widespread disruption.
  • The event exposes the fragility of Europe's power grid during renewable energy transitions.
INSIGHT

HSBC Profits Amid Trade Tensions

  • HSBC beat profit estimates and announced a $3 billion share buyback, despite geopolitical risks.
  • Its exposure to US-China tensions and dollar clearing makes its strong performance notable.
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