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. Ifo President Clemens Fuest says German businesses more optimistic as supply bottlenecks ease. Matt Maley, Chief Market Strategist at Miller Tabak, says investors should sell the rallies rather than buy the dips in the near term. Anna Titareva, European Economist at UBS, says inflation has probably peaked, but risks remain to the upside.