 Good morning from London. I'm Caroline Hepke. And I'm Stephen Carroll. You're listening to Daybreak Europe live on London DAB Radio. Let's start by looking at the markets this morning. U.S. rate cuts. The debate heats up. Bets on Fed cuts soon mean a global stocks rally. You've seen the MSCI Asia-Pacific Index up this morning just a fraction. The All-Country World Index is also rising. The Russell 2000 Index over in the U.S. though.