Trade War Fear Returns as China Hits Back at US on Shipping | Daybreak Europe 10/14/2025

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 tech-fuelled stock rally comes to a halt after China hit back at US curbs on its shipping sector. Beijing announced sanctions on five US units of Hanwha Ocean, one of South Korea's biggest shipbuilders. The retaliation came on the day that higher US port fees for Chinese vessels came into force. Nasdaq 100 futures tumbled 1%, while Asian shares fell to their lowest level in more than two weeks.

Today's guests: Niamh McBurney, Control Risks, Associate Director and Chuka Umunna, JPMorgan, Global Head of Sustainable Solutions & EMEA Head of Green Economy Investment Banking.

Chapters:
00:00:00 - Daybreak Europe
00:02:47 - China Slaps Curbs on Five of Hanwha Ocean's US Units
00:03:34 - JGBs Climb as Markets Reopens, Yen Drifts
00:05:01 - China Slaps Curbs on Five of Hanwha Ocean's US Units
00:08:23 - Scott Bessent Still Sees Xi-Trump Meeting
00:08:54 - US Stock Futures Rise as Risk Sentiment Improves
00:11:35 - Trump: Prayers of Millions Have Finally Been Answered
00:14:17 - Trump 20-point Peace Plan
00:17:40 - US Banks Poised to Post Bumper Earnings
00:20:52 - ASML 3Q Earnings Preview
00:26:46 - Niamh McBurney, Control Risks, Associate Director
00:33:54 - Nvidia Announces Raft of New Collaborations
00:36:35 - Chuka Umunna, JPMorgan Global Head of Sustainable Solutions & EMEA Head of Green Economy Investment Banking
00:43:58 - Virtual Access to BNEF Summit London
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