On the markets. This is a phenomenal asset. The return on those insurance those instruments could be quite spectacular. There is much more growth than a lot of the skeptics think there is. I dont think there is enough confidence today that we have broken out of the 2 growth world. Anchor it is all straight ahead on bloomberg best. Anchor hello, and welcome. Im vonnie quinn. This is bloomberg best, your weekly review of the most important business news, analysis, and interviews from around the world. Lets start with a day by day look at the top headlines. The week began with a fresh batch of Economic Data from china. Chinas secondquarter gdp data show the second economy continuing to grow at that brisk rate of 6. 9 . Gdp was better than expected. , there expecting 6. 8 estimate of economists at bloomberg. Factories are pumping out goods at a faster clip. Goods production at 7. 6 , more than a full percentage point more than the estimate. Retail sales much better than expected, 11 . We w
On the markets. This is a phenomenal asset. The return on those insurance those instruments could be quite spectacular. There is much more growth than a lot of the skeptics think there is. I dont think there is enough confidence today that we have broken out of the 2 growth world. Anchor it is all straight ahead on bloomberg best. Anchor hello, and welcome. Im vonnie quinn. This is bloomberg best, your weekly review of the most important business news, analysis, and interviews from around the world. Lets start with a day by day look at the top headlines. The week began with a fresh batch of Economic Data from china. Chinas secondquarter gdp data show the second economy continuing to grow at that brisk rate of 6. 9 . Gdp was better than expected. , there expecting 6. 8 estimate of economists at bloomberg. Factories are pumping out goods at a faster clip. Goods production at 7. 6 , more than a full percentage point more than the estimate. Retail sales much better than expected, 11 . We w
Novozymes shares sink as Second Quarter earnings for the biotech firm miss across the board. But the ceo strikes a bullish tone telling cnbc growth rates are likely to pick up. Good morning tgif lets get to breaking news the Oil Market Rebalancing is underway but it could take time before the numbers confirm this trend. Thats according to latest report from the iea. Brent and wti crude prices this morning a little bit lower to the tune of 0. 9 lets get to Neil Atkinson in paris. Are we saying the first signs of backwardation . A little bit, because the market is slowly beginning to tighten. Markets are feeling confident that prices seemed to have stabilized a after nervous period a month or so ago and markets are tightening how quickly will they tighten furth further . Thats also a key question opec production is still rising and libyan production is at a oneyear high. Thats one of the great unknowns the libyan production has risen strongly in recent months. By its nature because the p
Welcome to bloomberg daybreak europe. Im anna edwards. Manus cranny. A couple of push and pull factors in the market. Last week volatility was surging. Anna i noticed. Manus was that your opportunity, maybe, to sell volatility . Yes, we flagged those massive warns, its game on as north korea strikes guam. What does that mean . We had the biggest jump in volatility in three years. And they piled into an Exchange Rated fund that shorts volatility. The fund gains if the markets get coma. Anna investors are aware of the fact that when the vix rises, it typically falls afterward. That is reflected in the appetite. Lets look at the risk radar and show investors had that translate into headline stories around north korea how this translates into a risk on atmosphere. Asian equities, up by 0. 5 . On the one hand, you have these comments coming through from jim mattis, who says it is game on. But the wall street journal cites north korean media, saying kim jong un wants to watch the u. S. A lit
Eastern european beer brands, helping the belgian beer giant inch closer to a take over. Unexpected strength in second largest economy. Chinese retail rising 11 in november while industrial outputs out performed. Good morning and welcome to street signs. We want to get to some data. Now what a difference a year makes. That is the key headline from the iaea latest monthly report of 2016. Having started the year with oil at 30 a barrel brent prices have rebounded almost 50 , boosted biopecks first output cut since 2008. If the partners stick to their pledges the oil market should move into the deficit in the first half of 2017. Tore more lets bring in neil atkinson. He joins us now from paris. Good morning. A word there if all parties in the opec and nonopec deals stick to their deals. Is that your base assumption . Yes because opec has come out with an agreement and thats been fold up with an agreement with nonopec producers. We got some fairly clear number. Were not forecasting what th