They call the process excruciating. Good morning, everyone. Happy friday. We have made it to friday. It has been quite a week. Welcome to bloomberg surveillance. I am Francine Lacqua here in london. The markets are focused on brexit, oil because of opec, and focus on u. S. Stimulus in the u. S. Stocks are holding gains, key data of course out of the u. S. , it is the u. S. Labor market. It is going to give us an indication of whether the economy needs support or not, and Oil Extending Gains after ninemonth high after this opecplus deal. I am looking at the dollar, treasuries pretty much nudging higher. A lot ofve a prett volatility because of brexit do we have a deal, do we not have a deal, have they walked out . It has been pretty unclear so far, talking about lastminute ships come up the british saying it is because of eu demands at the last moment, but it seems like it could be up in the air. Now lets get to the bloomberg first word news. Here is leighann gerrans. Hi, leighann. Leig
Vaccines. Virus deaths hit a record in the u. S. And in italy. And finding a compromise, opec agrees to slowly add more oil year after days of tense talks. Saudi arabias Energy Minister called the process of excruciating. Welcome to the program, everybody. Welcome to the European Market open. It has just gone 7 00 here in london. German factory orders rising 2. 9 month on month. The estimate was for an increase of 1. 5 . That was better than anticipated. Factory orders arising year on year, 1. 8 . The estimate was 0. 2. We have seen a continuation of growth coming through. We will see what momentum is like in the further winter months. Another story out of germany, potentially more interesting, perhaps. Germany has agreed to extend a to preventr bankruptcies as the economy is hit by the second wave of the pandemic. Germany is extending its 37 billiondollar backstop for Credit Insurance by another six months in the month of june. The industry will surrender 60 of remittance to the gover
Sort of africa. Yes, it is true. We have lots of interesting stories for you. And a quick preview. We hope to book enough to take a look on wrong to move on a production plant will also visit a company in germany. That house created a way to recycle reuse oil from plucked roots and also how some people right here in canberra, want to make transportation more eco friendly. Like many other west african countries became a fossil has difficulty meeting its electricity needs. In the rural areas, less than 5 percent of the population is connected to the Great Schools and medical centers are especially hard hit in 2017. Iraq in union Police Report highlighted decentralization and a most Sustainable Energy mix as possible solutions. And now things in booking a fossil seem to be moving in that direction. The solar kits on this roof is reliable and doesnt require much maintenance. Cost says the 2000 euro investment was money well spent for him and his family to save up for a long time to be able
Enough also in west africa is heading for the polls. But a growing Islamist Insurgency means many voters wont be able to cast their ballots. Im claire richardson, welcome to the show. Leaders of the worlds wealthiest countries are meeting online for a g 20 summit hosted by saudi arabia. The virtual gathering is dominated by efforts to end to the coronavirus and demick and to deal with its economic fallout. A draft a declaration declaration, excuse me, shows that the biggest economies will pledge to pay for Fair Distribution of covert 1000. 00, vaccines and testing. So that poor countries are not left out of debt relief is also likely to be extended denied the opportunity for a face to face pageantry. This was how so dia rebiya opened the g 20 a 7 plane fly over of riyadh to mark the ever summit hosted by an arab country. On the grown king solomon beckoned the worlds most powerful leaders, bureaucrats, and despots. To meet the challenge of their generation. It is unfortunate that we are
In that sector. And then welcome to eco africa. Im now tie into nigeria, and i am song for a tween no video here in the capital or uganda. Hi everybody. Welcome to the let us sort of africa. Yes, it is true. We have lots of interesting stories for you. And a quick preview. We hope to begin a fossil to take a look. Im wrong to move on a production plant. We also visit a company in germany. That house created a way to recycle, reuse the oil from the factory. And also how some people right here in company want to make transportation more eco friendly. Like many other west african countries became a fossil has difficulty meeting its electricity needs. In the rural areas, less than 5 percent of the population is connected to the Great Schools and medical centers are especially hard hit in 2017, iraq paean, union police, a report highlighted decentralization, and a most Sustainable Energy mix as possible solutions. And now things in booking a fossil seem to be moving in that direction. This