Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, 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. Chinese President Xi Jinping pressed US President Donald Trump on the issue of Taiwan and warned of a potential conflict if mismanaged, in blunt remarks that punctured an otherwise cordial start to the first visit to China by a sitting US president in nearly a decade. And Bloomberg understands Angela Rayner, the UK’s former deputy prime minister, has been cleared of deliberate wrongdoing by an investigation into her tax affairs and is preparing for a potential leadership bid against her former boss, Keir Starmer. Today's guest: Keiran Pedley, UK Politics Director, Ipsos; Xiaolin Chen, Head of International, KraneShares.