Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we’ll tell you what matters for investors in Europe, giving you insight before trading begins.

On today’s show, the US and Iran have clashed near the Strait of Hormuz, threatening the fragile ceasefire. President Trump says the truce is still in effect, and Iran needs to make a deal soon.

The UK Prime Minister Keir Starmer awaits his fate, as early results from local elections paint an ugly picture for his ruling Labour Party.

And Commerzbank has lifted its profit guidance for the year, as it steps up its defence against a hostile takeover attempt by UniCredit.

Today’s guests: Robert Hayward, Polling Analyst & UK House of Lords, Conservative Party Member and Maria Demertzis, European University Institute, Economic Policy Professor

Chapters:
00:00:00 – Daybreak Europe – 5/8/2026
00:04:17 – APAC Markets Update
00:07:03 – Ceasefire Remains Fragile
00:08:49 – US Jobs Report Preview
00:12:28 – UK Local Elections
00:15:55 – Starmer Awaits Fate
00:21:50 – Rheinmetall CEO: Trump Right
00:26:23 – Front Page News
00:27:56 – Trump Global Tariff Found Unlawful
00:30:50 – US Fires on Iranian Targets
00:36:49 – Exclusive: Doubleline CEO & CIO
00:40:21 – Commerzbank Raises Outlook
00:43:06 – Decoding Waymo | Bloomberg Tech: Europe
00:44:45 – Chart Talk
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The US struck military targets in Iran after the country fired on three Navy destroyers sailing in the Strait of Hormuz. The latest clash heightens tensions in the region as the US attempts to exit a war now in its third month. President Donald Trump’s administration has been waiting for Iran to respond to its proposal to reopen the strait and end the conflict. Bloomberg’s Stuart Livingstone-Wallace reports.
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More on Bloomberg Television and Markets

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The US and Iran were circling around a fresh proposal to end the war, as President Donald Trump searches for an exit from a …

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PayPal Holdings Inc. plans to cut around 20% of its workforce in the next two to three years, according to a person familiar with the …

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“Bloomberg: The Asia Trade” brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg …

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