Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:
(1) Stocks are poised for their worst week in seven months as concerns over lofty valuations and the payoff of massive investments in AI prompt investors to retreat from riskier assets.
(2) Japanese Prime Minister Sanae Takaichi’s cabinet approved the largest round of extra spending since the pandemic, deploying funds to address the frustrations of voters.
(3) A 28-point peace plan floated by US and Russian envoys would force Ukraine to cede large chunks of territory taken by Russia, acceding to many of President Vladimir Putin’s wartime demands.
(4) Germany is pressing the European Union to strike a last-minute deal to let the UK access the bloc’s massive defense fund before a deadline at the end of the month.
(5) A closely-watched index of consumer confidence in the UK has fallen on every measure ahead of the Labour’s government’s budget next week, at which it is expected to raise taxes.
(6) UEFA, the European football governing body, increased the value of the broadcast rights for its top-five markets by more than 20% for the next cycle.
Bloomberg Daybreak: Europe Edition