What a difference a day makes

On Wednesday equity markets across Europe rallied on the back of strong earnings announcements with even France’s CAC 40 gaining more than 1% on the day. Nervousness in French bonds markets continues though, with the 10-year government bond yield reaching 5% for the first time since 2002. The positive tone was echoed in the US where indices also closed higher and earnings again broadly satisfied. However, after the close the mood changed as Tesla’s earnings disappointed and geopolitical tensions saw Brent oil rise above USD 110 per barrel. Asian equity markets have sold off this morning with China’s CSI 300 heading into bear market territory. Norbert Rücker, Head of Economics and Next Generation Research, joins the podcast today for a timely look at why oil is trading at such unjustified levels, as well as sharing why he believes that the direction for both oil and gas prices should be down.(00:00) - Introduction: Mike Rauber, Product & Investment Content (00:38) - Markets wrap-up: Bernadette Anderko, Product & Investment Content (06:46) - Energy – Oil, European natural gas: Norbert Rücker, Head of Economics and Next Generation Research (11:56) - Closing remarks: Mike Rauber, Product & Investment Content Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.