Bloomberg Surveillance: Early Edition, live from London, Berlin and New York. Francine Lacqua, Anna Edwards, Matt Miller, and Kailey Leinz deliver the latest news and analysis on the markets with leaders in global finance and economics. German Deputy Finance Minister Florian Toncar warns of warns of "permanent inflation risks" over the longer term. TS Lombard Head of Macro Research Freya Beamish and Pictet Asset Management Chief Strategist Luca Paolini weigh the threat of the new coronavirus variant to global growth ahead of key U.S. inflation data due Friday.