Liverpool Parade Incident, EU-US Trade Talks, and NatWest's New Era | Bloomberg Daybreak

Liverpool Parade Incident

• 💔 A car plowed into crowds during Liverpool's Premier League victory parade, injuring 27 people, including four children.
• 🚨 A 53-year-old British man has been arrested and the incident is not being treated as terrorism.
• 🤝 Prime Minister Keir Starmer stated that the whole country stands with Liverpool following the tragic event.

EU-US Trade Negotiations

• ⚡ The EU and US have agreed to accelerate trade negotiations to avoid a transatlantic trade war.
• ⏳ President Trump extended the deadline for imposing 50% tariffs on the EU to July 9th, allowing more time for talks.
• 🌍 European Central Bank President Christine Lagarde sees Trump's policies as an opportunity for the euro to strengthen its international role.
• 💰 Currently, the dollar accounts for about 60% of global sovereign currency reserves, compared to the euro's 20%.

US Asset Managers Under Scrutiny

• ⚠️ Dutch pension fund PME has warned US financial sector firms against caving to pressure from the Trump administration on principles like climate change and diversity.
• ⚖️ Firms that remain silent on Trump's policies risk losing mandates from European funds.
• 📉 State Street has already lost mandates in Scandinavia and the UK due to these concerns.

NatWest's Return to Private Ownership

• 🏦 NatWest Group is preparing for life after government ownership, nearly 20 years after being bailed out in the 2008 financial crisis.
• 📉 The UK government will be out of pocket by approximately 10 billion pounds after the final sale of its stake.
• 📈 NatWest has been active in acquisitions, recently buying banking assets from Sainsbury's and a mortgage portfolio from Metro Bank.

UK Skills and Canadian Sovereignty

• 🛠️ The UK government plans to train 120,000 builders, engineers, and care workers to curb migration without worsening skill shortages.
• 🇨🇦 King Charles III arrived in Canada to open a new parliamentary session, partly to signal Canada's sovereignty to US President Donald Trump.

Market Update

• 📈 European stocks jumped yesterday due to the delay in US tariffs, with automotive and industrial goods leading gains.
• 📉 Futures for European stocks are down slightly this hour, while S&P 500 E-mini futures are up.
• 💵 The US dollar has fallen for a third consecutive day, down over 7% for the year.
• 📊 US Treasury yields are dropping, and key US economic data releases are expected today.