The stoxx 600 up by 0. 7 . It has not given up gains of yesterday. The ibex continues to outperform. It has been one of the most beaten up during the covid crisis. The s p is down by 0. 8 percent. Crude is still up, trading at 42. 82. This demand expectation goes handinhand with the travel story, but crude stocks in europe are some of the best performers. Oil certainly gaining on a number of fronts. We continue to see what is happening in the bond market, and we watch this very carefully. I think the german bond market increasingly, certainly over the last day or so, feeling like it has been driven by what is happening in treasuries. Treasuries moving up to that 1 mark, having an effect on what is happening in germany. Interest overwith the next few days. It is only tuesday. Alix thanks for that. It was an ugly close yesterday for the u. S. As guy was mentioning, eu negotiators reaching a deal on the longterm budget, expected to add about 2 to the eus economic output in the coming year
Earnings we start off with the one chart in the market that seems to be getting no attention check out the xrt, the retail etf up 12 this year the xrt taking another leg higher today on the back of a strong retail report is this retail recovery for real and if so, how are you playing it brian kelly, kick us off. I think theres a couple Different Things yes, there is a retail resurgence i think a lot of it had to do with the stimulus, but a lot of it had to do with a change in the way people are working the top five to ten holdings are heavy ecommerce, overstock, etsy, wayfare. Be careful what youre talking about in extrapolating this to mall based retailers i think mall based retailers are going out of business. This is the new wave of commerce its ecommerce. I do think that continues. The caveat is it would only get stim stimulus and people dont have that 600 check dor, do we get stalling in this do we get a stalling with walmart . Maybe theyre not as exposed to the stimulus check sin
To face. Hello im come on santa maria this is counting the cost on aljazeera your weekly look at the world of business and economics this week boyle just because youre resource rich in 2020 doesnt mean youre making money well look at the economies of some opec nations which arent making a cent in earnings thanks to the price crash the coronavirus also oil versus lithium as calls grow for a green economic recovery post pandemic maybe green power could be the death knell for crude. And saudi arabia the oil giant whose Economic Diversification has led it to the north east of england but critics are accusing the kingdom of trying to sports watch its human rights record. Look we all know were in the middle of a storm like no other right now and really no one even if you are a country with oil sure some of the bigger players are doing ok though even saudi arabia is cutting subsidies and raising taxes but small opec players are really taking a hit from the coronavirus pandemic and Oil Prices
Price how come the race to the point. From these historic cent banks until job only what it takes to beat. Special coverage just. Hello im come all santamaria this is counting the cost on aljazeera your weekly look at the world of business and economics this week boyle just because youre resource rich in 2020 doesnt mean youre making money well look at the economies of some opec nations which arent making a cent in earnings thanks to the price crash the coronavirus all so oil versus lithium as cold screwed for green economic recovery post pandemic may be green power could be the death knell for cruise. And saudi arabia the oil giant whose Economic Diversification has led it to the northeast of england but critics are accusing the kingdom of trying to sports watch its human rights record. Look we all know were in the middle of a storm like no other right now and really its no one even if you are a country with oil sure some of the bigger players are doing ok though even saudi arabia is
A green economic recovery post pandemic maybe green power could be the death knell for crude. And saudi arabia the oil giant whose Economic Diversification has led it to the north east of england but critics are accusing the kingdom of trying to sports watch its human rights record. Look we all know were in the middle of a storm like no other right now and really its no one even if you are a country with oil sure some of the bigger players are doing ok though even saudi arabia is cutting subsidies and raising taxes but small opec players are really taking a hit from the coronavirus pandemic and Oil Prices Sliding into negative territory however briefly think about oman and behind both could receive economic support from the likes of saudi arabia and the u. A. E. But our focus is on those resource rich nations that with oil prices that are around 30. 00 a barrel may have to turn to. The International Monetary fund and start with algeria which has seen its debts soar to 45 percent of g.