Drillers to leave oil in the ground. Good morning, this is bloomberg surveillance. I am Francine Lacqua. Lets check in on the markets. We have a lot of news, but we are used to it. Terms of european stocks, u. S. Futures, and everything in between, the big story is oil. We had the iaea report yesterday, production cuts on sunday did not seem to be enough. Stocks rising, u. S. Futures rising. Investors are trying to gauge the damage caused by coronavirus, and awaiting the next corporate earnings. The dollar also extending gains. Lets get the first word news from new york city. Milestone, with a global infections topping 2 million. In the u. K. They will extend the nationwide lockdown as Officials Say there are signs britain may be passed the worst of the pandemic. In theh korea, and election, the Democratic Party in the 300places seat national assembly, that is the largest elementary victory in more than 30 years. The result as a show of support handling of the coronavirus outbreak. Fiv
Of momentum out there. Commodities also fallen, especially oil. Rishaad venezuelan politics as well. The dollar has been steady of late. Nifty futures, there you go. Having a look at these. Various things will be on the agenda for investors. We also have reports that india will be skipping the belts and road forum. You can see there is a move downward for the dollar against the rupee. The rupee at a record low when it closed off trading. Yvonne we have been talking about the big theme, which is the middle east, and whether moves when it comes to oil markets, how sustainable are they as we wait and see if the risk becomes more of a wider conflict. We heard from the fed chief of philadelphia repeating his call to the central bank to stop raising, that Small Businesses in the United States are struggling to cope. A lot of these Companies May not make it with the higher rates. It feeds back into my view that this is why we should hold rates steady. We should not be thinking about increases
Art show. Award winner and i in hopes german picks up the golden lion for best national participation. Meanwhile iranian born artist. Transcends the trauma of exile i dont want to always live with this a sense of longing and this romantic idea of returning to venice be an all or highlight of the twenty seventeen arch show calendar. Its themed are to viva long live art but what kind and why arts twenty one takes the pulse. To napa dated yet breathtakingly beautiful venice can still steal a show even one that celebrates international law. Setting the festival it can feel like visual overkill theres almost too much to look at. The truck appears to have been dropped headfirst into the terrace of the austrian pavilion its classic alvin for the office provoke a turk transform sculpture into a site of action it struck serves as a Lookout Point with stunning views. And warnings on want to come others want to leave some want to cross the mediterranean to reach europe others dont want them to be
Winner on a in hopes german pavilion picks up the golden lion for best national participation. Meanwhile iranian born artist. Transcends the trauma of exile i dont want to always live with this a sense of longing and this romantic idea of returning to Venice Biennale a highlight of the twenty seventeen art show calendar. Its the aimed are to viva long live art but what kind and why arts twenty one takes the pulse. To napa dated yet breathtakingly beautiful venice can still steal a show even one that celebrates International Law setting. The festival can feel like visual overkill theres almost too much to look at. The truck appears to have been dropped headfirst into the terrace of the austrian pavilion its classic alvin for the artist provocateurs transform sculpture into a side of the action his truck serves as a Lookout Point with stunning views. And warnings and want to come others want to leave some want to cross the mediterranean to reach europe others dont want them to be with th
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