At 1. 1764. The ifo index was at record highs in august, but we saw that preelection dip to 115. 2 in september. We were expected to stay around those levels but we got a stronger showing than what we had anticipated. If we look at the german ifo conditions, a forecast of 123. 8. And the ifo expectations index, 119. 1 versus a forecast of 107 this all beating expectations. Annette is in frankfurt with instant analysis this is all fairly strong data a day ahead of this crucial meeting from the ecb that would in a way justify tapering, wouldnt it . Of course in looking at the German Economy, tapering is justified if we would set the Monetary Policy for germany, i think we had taper quite for a long time already. Let me run you through what were hearing from the ifo institute. I think all the insecurities surrounding the outcome of the german election has gone people are investing people are optimistic about the future the expectation component is always very important. And that this has
Just in the initial stages, we do have a decent bounce, about a third of a percent on the broader stoxx 600. Lets look at the sectors weve got so far an early print of green across a lot of markets. Thats translating to sectors. One sector is trading weaker, thats retail it should not be a surprise after updates from next just looking for a signal on that stock so far on the flat line. A little slow to open up it will move into the session shortly. The overall sector down by 0. 1 . Construction trading higher. Some firmer signals on the market travel and leisure hotting up. The attack in new york might be a natural area to look at travel and leisure today. The reaction tof anothof another terrorist event in a major city. The hotels and tour operators in the Airline Space looking for more profitable destinations where travelers want to go to. Thats been an issue autos trading up by 0. 6 every stock in the basket so far north. Oil and gas trading higher we had a couple reporters includin
Battle for patents for the second time in seven years. Donald trump calls on carl icahn to help him combat excessive regulation as the activist investor will become the president elects special adviser. Good morning. Good morning. Do you hear that . Whole bunch of kids super excited. Santa on the way. Always on the roof. Dasher, dancer, prancer. I think we should do something on reindeer, whether or not they really have red noses. The stoxx 600 flat to a couple points lower. You would anticipate we would be looking at light liquidity at the moment. People already packing up their bags if theyre heading to the caribbean. Trade very thin. Just a reminder that officially the japanese market is closed tomorrow because of the emperors birthday. So we will have no trade another reason for quiet. Exactly. Mixed markets in europe, the ftse, xetra dax, a bit lower. To the upside, media, autos, healthcare. Big story in healthcare biotech, the underlying pharmaceuticals. Basic resources off by 1
Good morning. Welcome to Worldwide Exchange on cnbc, im sara eisen here with dominic chu in for wilfred frost today. Good to be here again. Throwback thursday, of course we throw back with holiday classics. Mariah carey. Lets check in on the Global Markets this morning after stocks took a pause yesterday on the march to 20,000. Pulled back a bit. Not much. The dow futures now down six. S p down two. Nasdaq futures down seven. Much like it was yesterday at this time. The losses were fractional. We were at 40point trading range for the dow . 50 trading points . Tight ranges, lower volumes, holiday lull. Just when you thought we would get up to the 20,000 number. Not that far away. Were not that far away. 20,000 good morning. Number is kind of like a psychologically important number, maybe for some out there. Its a march to bigger Better Things down the line. You wonder whether or not people are paying attention to that mark. Its a technical level. It is sort of a point that represents co
Barclays is biting back. The lender rejects a Justice Department complaint, suing the bank after it refuses to settle in its misselling case. Good morning, everybody. Welcome. Almost christmas. I know. Hard to believe. You were up all night i heard. Super noisy neighbors. Party from the neighbors what can you do . Do you go in at 2 00 in the morning . 3 00 . Always puts your life in perspective when you wake up and others are coming up. Youve been up since 3 00. Never mind. One more day to go, and everyone is excited. Deutsche bank shares have hit the top of the stoxx 600. The german lender saying it reached this provisional 7. 2 billion deal to resolve the department of justice investigation into itsishan iss and underwriting of deals. Under the tentative agreement Deutsche Bank would make a 4. 1 consumer relief payment and a 3. 1 billion civil penalty. Lets get out to anetta in frankfurt with all the details. Investors like this settlement, why . They like that because the cash compo