Author name: Commodities Market Writer

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.

On today’s show, US President Donald Trump has told aides to prepare for an extended US Naval blockade of the Strait of Hormuz. That’s according to the Wall Street Journal, which says Trump has determined that this is a less risky option than resuming bombing or extracting the US from the conflict entirely.

The UAE’s shock decision to exit OPEC has blindsided its partners of six decades, leaving the cartel fighting to stay relevant in a fast-shifting global oil market.

And UBS, Santander and Deutsche Bank all reported first quarter earnings that sailed past estimates.

Today’s guests: Bill Farren-Price, The Oxford Institute for Energy Studies, Head of Gas Research; Raja Akram, Deutsche Bank, CFO; Håkan Samuelsson, Volvo Cars, CEO (Source: Bloomberg)

PetroChina Co. posted its best ever quarterly profit as China’s largest oil and gas producer benefited from rising energy prices due to the war in the Middle East.

A broad advance in technology stocks this earnings season will mask a growing divergence between software and hardware names, the latest Markets Pulse survey shows.

An aging Iranian supertanker has appeared at Kharg Island after years off the radar, a sign that Tehran could be using retired ships to keep loading oil as its storage space runs out.

Investors looking for clues on which direction the stock market is headed in the coming weeks will get a rapid-fire reading as soon as trading ends on Wednesday.

Billionaire Gautam Adani’s $1.2 billion copper plant has hit a string of technical setbacks since it was commissioned ten months ago, raising concerns about the future of an operation vital to adding supply outside China.

Airbus SE’s adjusted earnings before interest and tax and revenue both fell short of analyst estimates in the first quarter, dragged down by a steep earnings drop at the main aircraft making subsidiary. The company said it’s confident it can achieve its full-year aircraft delivery and earnings targets. Bloomberg’s Benedikt Kammel reports.