Lizzy Burden
Anchor of Bloomberg’s Daybreak Europe and UK correspondent for Bloomberg TV, covering UK politics, economics, markets, the Bank of England, and the Treasury.
AI Stock Rally Still Rests on Earnings and Underweight Investors
Deutsche Bank’s Ozan Tarman argues that the AI stock rally still has support from earnings growth and incomplete professional positioning, even as he warns investors not to treat the trade as risk-free. In a Bloomberg discussion with Stephen Carroll and Lizzy Burden, Tarman says the main threats are not the AI revenue story itself but a renewed jump in bond yields, a hotter CPI print, or a Middle East escalation that pushes oil into a broader macro shock.
Replacing Starmer Would Not Change Britain’s Fiscal Arithmetic
Bloomberg Originals argues that Keir Starmer’s rapid loss of political authority reflects a deeper British problem: voters want fast improvement, while weak growth, high debt costs, persistent inflation and limited fiscal room leave little capacity to deliver it. Alex Wickham, Lizzy Burden and Alice Gledhill frame the churn of UK prime ministers as a response to that gap, but say changing leaders does not remove the constraints. The bond market, in their account, is now central to the politics, narrowing Labour’s choices and making any challenge to Starmer economically consequential.