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Stocks Hit Record on Iran Ceasefire Hopes & TSMC Raises 2026 Outlook | Daybreak Europe 4/16/2026
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April 16, 2026
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46:25Now 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, global equities hit all-time highs as investors pile back into stocks on signs that Iran and the US may extend their ceasefire. Bloomberg understands they're considering a two-week extension to allow more time to negotiate a peace deal. The initial truce is due to expire next week.
China's economy expanded at its fastest pace in three quarters, suggesting limited spillover so far from war in the Middle East. First quarter GDP expanded 5% from a year ago, powered by strong manufacturing and exports.
And the world's top chipmaker TSMC has raised its revenue outlook for 2026. Its upbeat forecast underscores the resilience of AI chip demand, despite concerns about the economic impact of the Iran war. The main chipmaker to Nvidia and Apple is expecting revenue growth of more than 30% this year. TSMC also reported a surprisingly strong 58% surge in profit.
Correct: This video has been edited at 17:01 to remove erroneous images from a story about a probe of suspicious oil trading. The incorrect pictures showed the logo of a company that is in no way related to the oil trading investigation.
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