We are in rich territory. Unless you do something bold, we are running into real serious problems. David plus, Companies Report earnings and their leaders take us behind the numbers. We have been demonstrating the quality and power of this platform. Not yet firing on all cylinders. Were comfortable with how we came out. David it is straight ahead on bloomberg best. David hello and welcome, i am david gura. 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. Even before the trading week started, all eyes on the first round of the president ial election in france. Francine now we know it is definitely macron versus le pen. They are very close. They would be about 22 24 . Yes they were contrast drawn between the two of them, but certainly the gladness of how each candidate thought they performed is coming across mary dramatically. Francois fillon said, the def
And russia say they are in favor of extending an output cut into next year. Oil jumps to its highest level in two weeks. How far could a Short Covering rally take crude . We will talk about that in a moment. And europes new power couple. After a big win for merkel in the key state of north rhinewestphalia, how will macron and merkel reshape the eu . They meet in berlin later today, matt. Matt thats right. Expecting that meeting around. Oon, so six hours from now we are less than a halfhour from the european open. Bureau stocks euro stocks rising a quarter percent. Cac futures, looks like a risk on day. Investors are selling off bunds. I have a threeday chart, lets move it to one day so you can see the price action. You could see some volatility there, but yields are still up 0. 4 . Right now, to. 0 guy what do you make of the win for merkel . North rhinewestphalia is big, and she took it big. Is it in the bag, when we get to the central vote in september . Matt i dont think you can say
Julie it has been a confusing day. What is interesting is that when cameupreme Court Decision down, stocks have been considerably higher before that. They took a hit then and they never have recovered to those prior levels, when out of the gate this morning all three major averages were up by 4 10 of 1 . Its unclear if thats a direct link, but certainly the timing lines up as to when we saw the downside in stocks. Is lagging today, specifically so my conductors are doing poorly. The cuddly couple of things going on here. That coin is actually trading lower right 12 . Core is aat ever Technical Analyst there and says he expects the Semi Conductor index to pass 1000 and that we are us were seeing symmetry with that coin and textbook signs of a reversal in the group. Theres talk of china being her hurting the demand. I was curious about the technical symmetry he highlighted. Take a look at this, kevin kelly helped me to bring this chart. These stocks are in blue, the bottom is the correla
Whole story when it comes to exports and american jobs. Lets have a look at where european equities are now. You know the function gmm go. Stocks rising after falling for three consecutive weeks through the largest losing stretch since brexit last year. Sterling rising by 1 5 of 1 . Theresa may striking a deal with the dup. It is time to turn bearish on u. K. Government bonds. Bluebay Asset Management says so. Bluebayy manager of forecast 10 year yields will hide to the highest level in about 18 months amid Rising Inflationary pressures. He also says the u. K. Must wrap and instead go to fiscal easing. The forecast is 2 . Down to 1 today. Sincee not been at 2 december of 2015. German Business Confidence surging to a record high among signs the outlook for europes biggest economy is improving. Ifa Business Confidence ifo Business Confidence index. The economy rising at the fastest pace in five years. We have had a report of underlying expectations for a continued robust performance. Let
Julie it has been a confusing day. What is interesting is that when cameupreme Court Decision down, stocks have been considerably higher before that. They took a hit then and they never have recovered to those prior levels, when out of the gate this morning all three major averages were up by 4 10 of 1 . Its unclear if thats a direct link, but certainly the timing lines up as to when we saw the downside in stocks. Is lagging today, specifically so my conductors are doing poorly. The cuddly couple of things going on here. That coin is actually trading lower right 12 . Core is aat ever Technical Analyst there and says he expects the Semi Conductor index to pass 1000 and that we are us were seeing symmetry with that coin and textbook signs of a reversal in the group. Theres talk of china being her hurting the demand. I was curious about the technical symmetry he highlighted. Take a look at this, kevin kelly helped me to bring this chart. These stocks are in blue, the bottom is the correla