Said Deutsche Bank ceo is to be losing support from top investors. Anna welcome everybody. This is bloomberg daybreak europe. Im anna edwards. Manus im manus cranny. This is the s p 500. The u. S. Market is in a bull run. 10 years ago was the anniversary of the last bull market. Past decade,in the it is up over 100 . What made up that rally . Reinvested dividends. That was 40 of the overall gains. The rest came from the share price gains. By the way, we havent had a 2 move in the s p 500 so far this year. Weve had positive returns every month for 10 months and we havent had that in the history of the s p 500. This is a lesson for the Financial Adviser why you want to be in long stocks. Anna all that talk in september, once again we are in that mode of things for october. A great line of the daily profit talking about what happens when you get all highs on equity markets. Analysts bringing down their earnings estimates. The daily profit column sees in the market in the u. S. On the risk
Abigail a record once again. Enough to put both at record highs. The week is young. It is worth noting that the dow is on pace for its sixth weekly gain. Itll be interesting to see whether the record highs continue. The nasdaq is trading lower, confirmation between the s p 500 with the risk on scene that we are seeing in oil. The highest since july 2017. We have a two day chart of oil which shows massive gains. More than 5 . They did pledge to cut production more than previously agreed and nonopec members are saying they also are going to cut production. Some are talking about this as doing whatever it takes for oil. But oppenheimer is saying that 60 a barrel is the new normal for oil. Starks are rising today. Look at the oil and gas index up by 2. 5 percent. The stoxx 600 is down by a quarter of 1 . Biggest weeklyhe gain. A great status. Companies reached overbought levels last week. Energyhest level stocks are overbought for the First Time Since april 2015. That is the best performin
And the real life super hero story that is running for an oscar. Ill be here with the days sport including Manchester United are through to the quarter finals of the english f achl cup and putting pressure on the manager Louis Van Howe. Afghan refugees remain stranded this hour at bashed wire fences at greece, macedonia border after being blocked from crossing and restrictions of afghans entering territory and allowing people from syria and iraq to cross over as one part of a crisis that shows no sign of slowing, the International Organization for migration has Just Announced that 100,000 refugees and migrants have already arrived on european shores this year. Well they are covering the story from both sides and we are in greece and standing by for us in kabul to explain the latest factors pushing afghans to push for a better life abroad, life to both of our correspondents in a moment first the report to bring us up to speed with tensions along the border. Reporter first peaceful prote