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Trump Threatens India Over Russian Oil; Aramco & Infineon Report | Daybreak Europe 8/5/2025
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August 5, 2025
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47:08Now 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, Donald Trump threatens to "substantially" raise tariffs on India for continuing to buy Russian oil. A defiant India hits back, saying the US and Europe are still buying Russian energy too. Meanwhile Switzerland says it's determined to win over the US government, and reduce the shock 39% tariff rate announced last week.
Also on the programme, tech stocks and dip-buying power the S&P 500 to its biggest rally since May.
And on the earnings front, Aramco profit falls for a 10th straight quarter, as lower oil prices weigh on its balance sheet. While Germany's Infineon says uncertainty around tariffs means sales will be flat.
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