Put pressure on tesco sales. Its turn around plan is on track. Shares are trading higher. And the likelihood of a global trade deal is below 50 says indonesias trade minister. Hes call for more flexibility on agricultural subsidies. I think flexibility and compromise, sometimes, are required to get a Multi Lateral view. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. A warm welcome to todays program. We kick off with data with, the final pmi data for the eurozone showing the euro has lost momentum in november. Final services pmi, 51. 2. It is up from the 50. 9 flash, but lower than october. Sharp divergence in the final composite numbers in germany and france. The french composite down 48. Only managed two readings above 50 in the last 21 months. Italy serves its pmi back below the break even mark to 47. 2. Compared to germanys composite pmi, up at a 29month high. Sharp differences between the core in europe. Meanwhile, the opec meeting is
hsbc. can libor be reformed or is it damaged it should be scrapped. let s go over to andrew. we got some earnings this morning. ibm posting better than expected second quarter earnings. that was after the close. revenues fell short, but the company is raising its full year guidance despite weak tech spending. american express earnings also beat the street. revenues at the credit card company falling short of estimates as spending growth moderated. i don t know if that happened in my household. the chinese government set toby liquid private equity assets of gm s under funded pension plans. financial times saying china is willing to pay between $1.5 billion and $2 billion. ibm surged on that raising guidance and that did allay some fears about technology. a few other stocks to watch. united technologies is in final discussions to sell its rocket dime business to aerospace propulsion systems maker gen corp. it may come next week or later this week. e-bay s woe, that would