 Good morning from London. I'm Caroline Hepkin. And I'm Stephen Carroll. You're listening to Daybreak Europe live on London DAB Radio. Let's start by checking the markets. First of all, Asian equities up just slightly on the MSCI Asia-Pacific Index, TSMC, advancing after Morgan Stanley increased their price target there. After the French vote split, the euro eases down a tenth of 1% against the US dollar pattern.