OPEC+ Lifts Oil, Ryanair CEO Blasts Reeves | Daybreak Europe 11/03/2025

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, oil gains for a fourth day after OPEC+ agrees to hold off on hiking output from January. The White House says China will suspend some rare earth curbs, and halt probes into US chip firms, as trade tensions continue to ease. And Ryanair CEO Michael O’Leary blasts UK Chancellor Rachel Reeves’ growth plans ahead of the Budget.

Today’s guests: Jan Goetz, Co-CEO and Co-Founder of IQM Quantum Computers, and Michael O’Leary, Ryanair CEO.

Chapters:
00:00:00 – Daybreak Europe
00:01:09 – Ryanair Lifts Passenger Traffic Goal as Boeing Handovers Improve
00:01:44 – Ryanair 2Q Profit After Tax Beats Estimates
00:03:51 – Stocks Extend Winning Streak, Oil Gains on OPEC+
00:09:23 – Oil Firms Meet With Big Tech Bosses at Adipec
00:14:13 – Dollar Slips as Investors Await Fed Speakers
00:17:38 – Bessent: US and Its Allies Need to be Wary of China
00:19:30 – China to Suspend Some Rare-Earth Curbs and US Chip Firm Probes
00:22:55 – Italy’s Big Energy Storage Auction
00:27:02 – Jan Goetz, Co-CEO and Co-Founder of IQM Quantum Computers
00:37:18 – Michael O’Leary, Ryanair CEO
00:41:23 – Ryanair’s O’Leary on Boeing 737 Max, Passenger Growth
00:43:27 – Ryanair 2Q Profit After Tax Beats Estimates
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