Samsung Slumps After Earnings; Tanker Hit in Hormuz Before NATO Summit | Daybreak Europe 7/7/2026

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, trading on South Korea’s Kospi was halted briefly after a sharp fall. Samsung led the decline, dropping as much a 10% despite a 19-fold surge in quarterly profit. Futures point to a lower open in Europe and the US.

Oil edged higher after a tanker transiting the Strait of Hormuz reported being hit. Bloomberg understands it was an LNG carrier owned by Qatar’s state-owned shipping company. Separately, Axios reported Iran fired at least two missiles at commercial ships transiting the strait.

Plus a French court is due to rule in Marine Le Pen’s appeal against her conviction for embezzlement. The decision will impact whether she can stand in the 2027 presidential election.

And US President Donald Trump is heading to the NATO Summit in Turkey, where he’ll meet Ukraine’s President Zelenskyy on Wednesday.

Today’s guest: Anna Macdonald, Hargreaves Lansdown, Investment Strategy Director.

Chapters:
00:00:00 – Daybreak Europe
00:00:34 – Hormuz Strike
00:01:48 – Hedge Funds Most Bearish on Yen Since 2007
00:04:57 – Samsung Profit Surges Past Estimates
00:09:39 – Hormuz Disruption Seen Continuing
00:13:08 – Le Pen’s Appeal
00:19:11 – NATO Agreed to 5% Military Spending Target in 2025
00:22:28 – Platner Under Pressure After Assault Allegation
00:25:37 – Tech Stocks Fall After Samsung Results
00:28:12 – Peter Kyle on Future of UK Industrial Strategy
00:32:38 – Burnham Camp Said to be Split on Cost of Living Plan
00:36:38 – Anna Macdonald, Hargreaves Lansdown, Investment Strategy Director
00:41:51 – Deutsche Bank’s Profit Has Risen Under Sewing
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