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Japan Autos Surge on US Trade Deal; Reports PM Ishiba to Step Down | Daybreak Europe 7/23/2025
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July 23, 2025
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47:04Now PlayingBloomberg 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, Toyota & Subaru are among the Japanese carmakers surging after the US President announced a trade deal with Japan. Under the deal, the tariff on autos and car parts will be lowered from 25% to 15%. Meanwhile Japanese media report that Prime Minister Shigeru Ishiba will announce his intention to step down as soon as this month, after losing his Upper House majority at the weekend.
Also on the programme, UniCredit raises its full-year profit outlook, after dropping its bid for rival Banco BPM; Norway's Equinor reports a 19% drop in quarterly profit on softer oil prices and we speak to the CEO of SAP, Europe's most valuable company, as its quarterly cloud and software sales fall short.
Today's guests: Torgrim Reitan, Equinor, CFO and Christian Klein, SAP, CEO.
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