Alfonso Paciello, Fernando Valley, Charlie Pellet discussed on Bloomberg Markets


Com This is Bloomberg markets All right coming up we're talking markets or talking global economics Alfonso paciello author of the macro compass and then we're talking WTI crude oil I just don't get it It just keeps moving higher but Fernando valley he gets it He's a senior oil animals for Bloomberg intelligence He's been doing this for decades But first let's go to Charlie pellet He's been doing it for decades Bloomberg business flash I thank you very much Paul sweetie Here's what's going on Let us begin with crude big story today West Texas intermediate crude up 1.8% one 1714 a barrel right now up two O 9 on WTI barrel of Brent one 25 O 8 Brent crude up by 2.8% stocks lower across the board with the Dow the S&P nez stank all in the red after last week's rally S&P begins the week with a 37 point loss down now by 9 tenths of 1% the Dow down 272 down 8 tenths and NASDAQ is down 101 drop there of 8 tenths of 1% Ten year yield 2.86% spot gold down $13 to 1841 a drop right now of 7 tenths of 1% Record inflation is accelerating in Europe That is intensifying the debate over just how quickly central banks will raise rates in response Eurozone consumer prices jumped 8.1% from a year earlier in May exceeding the 7.8% median estimate in a Bloomberg survey American consumer confidence dropped in May to the lowest since February underscoring the impact of decades high inflation on Americans economic views the conference board's index decreased a one O 6.4 from an upwardly revised one O 8.6 reading in April Lin Franco is director of economic indicators at the conference board She was our guest right here on Bloomberg markets When you look at shorter.

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