Data Center Firm Elice Flops on Debut & Merz's Russia Warning

Posted on 10/20/2026
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Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from Brussels, 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, AI jitters returned after the Korean data center firm Elice flopped on its stock market debut. Shares fell as much as 35% after its IPO, which raised $151 million.

Bloomberg has learnt that the AI cloud computing firm Nscale is in talks to sell computing power to Anthropic, in a deal that could be worth about $45 billion.

The German Chancellor Friedrich Merz has warned against complacency over the dangers posed by Russia, saying that President Putin is seeking to undermine democracy in Europe.

And tougher security measures, including an 11pm curfew in some parts of Paris and other cities, appear to have quelled violent protests in France for now. But unions have called for a strike next month, with more demonstrations planned for this Saturday.

Today's guest: Ana Boata, Allianz Trade, Head of Economic Research



Chapters:

00:00:00 - Daybreak Europe

00:01:39 - Elice’s 33% Debut Plunge Rekindles Doubts Over AI Spending Boom

00:03:19 - Japan 20-Year Bond Sale Sees Record Demand

00:07:21 - Nscale, Anthropic in Talks for $45 Billion Cloud Computing Deal

00:12:49 - Merz Warns Europe That It’s Underestimating the Russian Threat

00:18:31 - French Unrest Tapers Off After Security Measures Imposed

00:27:46 - Ana Boata, Allianz Trade, Head of Economic Research

00:34:39 - Ukraine Suspects US Blocking Intelligence on Russian Attacks

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