Bloomberg Daybreak: Europe Edition

European Central Bank plans to lower interest rates, Nvidia reaches $3 trillion market cap, FTSE 100 reshuffle, Nigel Farage's Reform UK gains popularity, Namibia's green hydrogen potential and economic impact

UK Party Leaders clash over tax policies, Indian PM Modi faces coalition challenges, US job openings decline, Intel sells Irish plant stake, UK introduces King Charles banknotes

India's election results anticipate Modi's third term victory and the impact on markets. UK's Conservative Party faces challenges with Farage's election decision. Marks & Spencer CEO's pay rise and NYSE glitch cause trading chaos. GameStop shares surge due to Reddit account's $116 million position.

ANC in talks after election loss, Labour pushes national security, Mexico elects first female leader, OPEC+ plans production boost, Macron aims for global influence

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US – a preview of the May jobs report in the U.S, and a look ahead to Gamestop earnings. In the UK – a look ahead to the next ECB decision and European Parliament elections. In Asia – a preview of China trade data, TSMC's sales and revenue, and the Computex tech show. See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast: (1)   Donald Trump was found guilty in the first criminal trial of a former US president in the nation’s history, a verdict that could reshape the political landscape five months before Election Day.(2)   President Joe Biden will allow Ukraine to launch US-provided munitions against military targets inside a limited area of Russia, overcoming concern that any such move could provoke a wider war with the West.(3)  US officials have slowed the issuing of licenses to chipmakers such as Nvidia Corp. and Advanced Micro Devices Inc. for large-scale AI accelerator shipments to the Middle East, according to people familiar with the matter, while officials conduct a national security review of AI development in the region.(4) Czech billionaire Daniel Kretinsky, who plans to purchase the company that owns UK’s Royal Mail, says the British postal service needs new investment to be competitive. (5) Just hours after South African President Cyril Ramaphosa confidently predicted that the ruling party would easily retain its three-decade stranglehold on politics, it was increasingly clear that voters had other ideas — sending the country into uncharted terrain. See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) BHP has decided against making a firm offer for Anglo American, instead walking away for now from what would have been the biggest mining deal in over a decade. (2) Jamie Dimon said he expects problems to emerge in private credit and warned that "there could be hell to pay," particularly as retail clients gain access to the booming asset class.   (3) The European Central Bank is set to take the unprecedented step of imposing fines on several lenders for their protracted failure to address the impact of climate change. (4) Saudi Arabia is preparing to formally launch a secondary offering of shares in oil giant Aramco as soon as Sunday, a deal that could raise more than $10 billion and rank among the largest of its kind in recent years. (5) Wall Street firms are buying up family-owned businesses from electricians to pest control. The UK's richest plumber has regrets about selling out.See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1)  Ukraine must be allowed to target missile crews inside Russia with European-supplied weapons, according to French President Emmanuel Macron.(2)  Germany and France have agreed to make rapid progress to deepen the European Union’s capital markets to boost investment in the bloc after years of discussions, French President Emmanuel Macron said.(3) Keir Starmer’s poll-leading opposition Labour Party is seeking to reassure the City of London it is not considering further taxes on Britain’s banks if it wins power at the UK general election on July 4.(4) The White House said an Israeli strike on an encampment in Rafah that left dozens dead was devastating but would not cause President Joe Biden to freeze additional arms shipments to the country.(5) With just hours left on the clock, advisers for BHP Group and Anglo American Plc were still struggling to find a breakthrough to salvage BHP’s ambitious $49 billion takeover plan. See omnystudio.com/listener for privacy information.

 Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) The killing of an Egyptian soldier in a clash with Israeli troops at a Gaza border crossing on Monday further inflamed regional tensions after an Israeli airstrike killed an estimated 45 Palestinians at a camp for displaced people.(2) The Labour party has won the endorsement of 120 business executives who have said that a “new outlook” is needed so the UK can “break free” from a decade of economic stagnation in a letter to The Times.(3) Prime Minister Rishi Sunak will promise pensioners a tax cut if his Conservatives upset the odds and win the general election, the latest gambit to try to shore up the core vote as internal polling showed the Tories could lose more than 100 seats due to the resurgence of the right-wing Reform UK party.(4) Price increases at UK retailers fell in early May to their lowest level in more than two years, adding to signs of an improving economic outlook.(5) The US stock market is finally as fast as it was about a hundred years ago. That was the last time share trades in New York settled in a single day, as they will from Tuesday under new Securities and Exchange Commission rules.See omnystudio.com/listener for privacy information.

In this Holiday Edition of Bloomberg Daybreak: We take a look at markets and inflation's impact on equities with Alicia Levine of BNY Mellon and Invesco's Brian Levitt We check in on the strength of the global economy with Bloomberg's Michael McKee and Anna Wong.  Plus, we get some travel tips for the summer with The Points Guy, Brian Kelly.  Hosted by Nathan HagerSee omnystudio.com/listener for privacy information.