Look at the world in 2020. Here at our table is Daniel Franklin, executive and diplomatic editor at the economist. Here is the cover, the world in 2020. You say this year will not be short of drama. What do you think . Politically, the big drama is going to be the election in the u. S. , running through november. Elsewhere, as we have seen in recent days, it is a risky world, and the pace of change seems to be so fast. Host you break it down into many different facets, which i think viewers will find interesting. You begin saying it is judgment time. It is doubly true for President Trump, first in congress as the democrats try to remove him from office, and then with this election in november. Tell me about judgment time. Guest i think the world will be watching. This is something that clearly concerns the u. S. , but given the importance of this country to everything that happens around the world, this is an international, global drama. I think particularly starting with the actual im
This is bloomberg surveillance. Final trading day of this week. Next week is a shortened trading we cure him london because of the main bank holiday. May bank holiday. Also on track for the Third Straight monthly advance, which is the best run since may 2016. Investors buoyed by the first round of the french president ial election on sunday. The next one is next sunday. Strolling up against the dollar. The best run since december. Highest since september last year. The best run for a month, also gaining for a second month. Gdp data at half past. That stopped sterling in its tracks as gdp comes in line with estimates, relative to the prior quarters. Today gdpr could see the economy expand at 1 annualized. Historically, the First Quarter has been week. Will the rest of the year make up for it . Will there be a shutdown, to name one issue . Trumps tax plan renegotiating. Geopolitical risks. Crude today is up, below 50 after a rally in the first half of april. Oil is set to end the month b
The summer box office. We will take a look at the eagerly anticipated sequel. Have a look at where european equities are right now. We are 30 minutes away from the end of the friday session. Stocks are rising today. We are at the highest level since august 2015. Second weekly gain, for weekly gain in five. All these currencies are rising against the dollar today. The ones in green. And creditodities, default swaps are your final column. Lets get to your earnings. Iag boosting profits that are than estimated. 9. 7 . That is a traditionally sluggish first quarter. Gainyear earnings set to as the man on pricing for longhaul routes surging. The brexit vote last june had less of an impact on traffic than the company anticipated with demand gaining. And aer lingus of ireland, discount specialists. Risk reversal dropping ahead of the French Election. It did the same ahead of the first round. Options to one week buy the euro against the dollar, which is basically a gauge of positioning and sen
Shares in fiat hit the skids after the u. S. Department of Justice Reportedly prepares to sue the carmaker over its excess emissions. Burberry shares are in fashion with investors in early trade as the Company Reported better than expected underlying profit as a new ceo gets set to wear the pants. Sent to where the pen good morning once again, its thursday. Glad youre with us. Lets get straight to the markets, see what the fallout from the white house drama continues to be. The stoxx 600 is still off by 0. 5 . The dax seeing its biggest loss since before the trump election. The dax down 1. 4 , the cac off 1. 8 . The worst day in more than eight weeks. As you can see, were extending that selling pressure on the markets. Lets look at the sectors one by one. You can see autos are under pressure, off by 1. 4 . This is mainly because of Fiat Chrysler given the u. S. Investigation and the pressure on the carmaker. Well get much more from nancy hungerford. Utilities, Household Goods are the f
30 minutes away from the end of the monday session. A lot of markets are closed today. Germany, switzerland ireland, greece are among them. About 40 below the daily average at this time of the day. There you go. A lot of these other ones are currencies. Investors focusing on fridays jobs report. A number of other issues are on this. Mind, such as this is ftse 100 volatility versus euro stock volatility. The market here is being remarkably resilient in the move toward thursdays Election Campaign. We have had records for the ftse 100, the ftse 50. Equity estates have been rising. Most pages of stock turbulence have been falling. Volatility for the ftse relative to the euro stocks 50 jumping 60 last week 16 last week, reaching its twoyear high. There is implied volatility charts as we approach thursdays election. This is risk reversal day. The most bearish on the pound, according to one month risk reversal data. The premium for contracts to sell the currency is the dollar in one month ove