
Bloomberg Daybreak: Europe Edition Carney Wins In Canada, Spain Blackout Mystery, Trump's First 100 Days
Apr 29, 2025
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HSBC Profits Amid Trade Tensions
- HSBC beat profit estimates and announced a $3 billion share buyback, despite geopolitical risks.
- Its exposure to US-China tensions and dollar clearing makes its strong performance notable.
Deutsche Bank Profits on Volatility
- Deutsche Bank's trading unit hit record profits from market volatility caused by global uncertainty.
- The bank remains cautious, anticipating possible future slowdowns despite strong Q1 results.
Trump Eases Auto Tariffs
- President Trump plans to ease some auto tariffs, lifting levies on foreign parts.
- This move aims to ease industry concerns about job security and overlap of steel and car tariffs.
