Trump Says Iran Deal in 'Coming Days' & SpaceX IPO Breaks Records | Daybreak Europe 6/12/2026

Watch on YouTube ↗  |  June 12, 2026 at 07:03  |  46:33  |  Bloomberg Markets
Speakers
Anders Schelde — CIO, AkademikerPension
Ven Ram — Markets Live Reporter/Strategist, Bloomberg

Summary

Oil dropped below $90 on Trump's claim of a near Iran deal, sparking a global risk-on rally while the ECB hiked rates for the first time since 2023 on broadening inflation. SpaceX set a record with a $75 billion IPO at a $1.7 trillion valuation, but a Danish pension fund CIO avoided it citing catastrophic governance and excessive valuation, while also looking to increase European equity investments. The program also covered UK political turmoil and a Swiss population cap referendum.

  • Brent crude falls below $90 as Trump says Iran deal close, lifting global stocks.
  • ECB raises rates by 25bp, signals possible further hikes on broadening inflation.
  • SpaceX raises $75 billion in largest IPO ever, valuing company at $1.7 trillion.
  • Danish pension fund CIO avoids SpaceX, citing catastrophic governance and excessive valuation.
  • CIO shifts toward European equities, seeking more investment opportunities in Europe.
  • Bloomberg’s market strategist warns AI valuations are stretched and market may sell off after IPO cycle.
  • UK defense secretary resigns over spending shortfall, adding to political uncertainty.
  • Switzerland to vote on population cap, posing risks to EU relations.
Ideas
Anders Schelde CIO, AkademikerPension 27:17
SpaceX is a fantastic technology company, but the IPO presents significant risk due to catastrophic governance structures (Elon Musk's full control, weak shareholder protections) and an exceptionally high valuation that is hard to justify above $1 trillion. The combination of governance deficiencies and financial risk makes it unsuitable for participation, especially for long-term institutional minority shareholders.
SPCX HIGH
Anders Schelde CIO, AkademikerPension 33:13
Increase European equity investments.
As a responsible European investor, they feel an obligation to support increased European authority and are looking to find more investment opportunities in Europe, shifting allocation away from U.S. markets to fund this European exposure.
VGK MED
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This Bloomberg Markets video, published June 12, 2026, features Anders Schelde discussing SPCX, VGK. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Anders Schelde  · Tickers: SPCX, VGK