Youre watching Worldwide Exchange, bringing you Business News from around the globe. Warm welcome to todays edition of Worldwide Exchange. Plenty to get through. We start off with perhaps europes most important economic indicator. Its come in 10. 4 in may, below the consensus number which was 110. 9. Current conditions index, 114. 8. The Consensus Forecast was 114. 5. The german expectations index, 106. 2 in may. The Consensus Forecast, 106. 6. The april number was 111. 2. We have dipped down from that. A lull theyre talking about seeing in the German Economy in may, no revisions to the april indices. Euros been weaker ahead of this number and indeed it is ticking down again. Down to 136. 36 is where we stand at the moment. We are at fresh 2 1 2month lows on euro dollar on this lull. Joining us is christian schultz, senior economist at beringburg bank. Your reaction to this . The pmis yesterday paint maybe a slightly different picture. Both indices show the German Economy is growing at
Much continue to send workers to west africa to defeat the disease at its source. The Federal Reserve is ending its landmark bond purchase row gram. They say the labor market is Strong Enough to withstand the end of the meal is. The u. S. Equity markets responded by closing down slightly. And visa, the Worlds Largest debit and credit card company, says sales rose in the fourth quarter. Profits at visa fell 10 after an 11 increase last quarter. The Company Announced a new 5 billion share buyback. And executive changes at twitter. Dick costolo has been remaking the executive team as they try to reverse slumping user growth. Today, the little blue bird of twitter announced a partnership with big blue, ibm. To our lead how big a setback is the explosion of the rocket to the private space race . This was the scene as the unmanned rocket blew up on launch yesterday. And we have liftoff. The Third Mission to the iss. Main engines at 108 . The Orbital Sciences spacecraft was headed to the Inte
Workers to west africa to defeat the disease at its source. The Federal Reserve is ending its landmark bond purchase row gram. The labor market is Strong Enough to withstand the end of the meal is. The u. S. Equity markets responded by closing down slightly. The Worlds Largest debit and Credit Card Company says sales rose in the fourth quarter. Fell 10 after an 11 increase last quarter. New 5pany announced a billion share buyback. And executive changes at twitter. Dick costolo has been remaking the executive team as they try to reverse slumping user growth. Today, the little blue bird of twitter announced a partnership with big blue, ibm. How big ad setback is the explosion of the ontarios rocket to the private space race . This was the scene as the unmanned rocket blew up on launch yesterday. And we have liftoff. The iss. Mission to main engines at 108 . At the Orbital Sciences spacecraft was headed to the International Space station on a resupply mission. Nasa says the astronauts in
As well. Basic resources leading the way. Gold initially striekd by more than 4 on the back of the fed. And a no taper move translate into the emerging markets. Currencies like the rupee surge in countries like thailand and indonesia. And stocks get the eurozone, more protests expected in greece after the murder of a 34yearold rapper brought violent clashes. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. All right. Were up and running here on Worldwide Exchange. Big Global Reaction to the fed. It says its not ready to cut back just yet, deciding not to taper its massive Bond Buying Program the markets had been expecting. In its statement, the fed cited tightening Financial Conditions that could hurt the u. S. Economy and labor market. The fomc notice dollars the impact of rising Mortgage Rates which have surged since the fed hinted this summer that it might trim its bond purchases. The Federal Reserve blamed washington for moving towards
We have normal shareholders. The relationship between the company and shareholders is a normal relationship. And the largest automaker reports strong profits in the quarter thanks to sales and a weaker yen. Welcome. Were into the last Worldwide Exchange of the week. On todays show, political unrest in egypt spooked many investors, but the countrys finance minister has told this channel hes confident conditions will improve. Yousef will join us with that exclusive interview at 11 45 cet. Profits surged on a weaker yen, but can abenomics keep the currency trend in track . Well talk about that in 30 minutes. Motorola and google take the wraps off their First Flagship phone, ebb terntering the crowd smartphone space. Well talk about the phones wow factor at 11 20. With the u. S. Jobs countdown on the way, payrolls will surprise to the upside, Patrick Okeefe joins us from cnbcs u. S. Hq in the next hour. First of all, earnings to look at. Intesa sanpaolo is expect to reveal numbers around l