We kick off three hours with the euro son Flash Services pmi, 5. 7. A little weaker than consensus. Lowest since july 2009. Business expectations 48. 6. Manufacturing manufacturing pmi 46. 2. Composite pmi as a result 45. 8, which is pretty him bang in line with the reuters poll. So Service Sectors worst since july 2009, decline in manufacturing eased a little bit more than expected in november. Joining us, chief european economist. Ricar ricardo, thanks for joining us. So still a negative territory. What does this point to in terms of the economic decline for the Fourth Quarter . I think its in line with the idea that real sgchlt dp will decline by at least 0. 2 , possibly 0. 3 . It will give us a negative entry point in 2013 when i expect an average growth of minus 0. 2 . So still moderately recession territory. The german flash composite pmi 47. 9, services 48, manufacturing 46. 8, is germany we just saw the 0. 2 print. Is girl aermany going to have a negative contract . Im looking
Wanted by police for 23 billion. And fords new techheavy car. Is it more about the cars features . Well be talking about that coming up later on. Youre watching Worldwide Exchange bringing you Business News from around the globe. All right. We are just getting ifo numbers here from german business expectations. Its coming in at 108. 3 in february. Thats slightly above consensus of 108. 2. But those january numbers, 108. 6 was the numbers there. Current conditions, 114. 4. Thats 111. 3 in february. Versus consensus of 110. 6. Thats the climate index, of course. So slightly stronger. No revisions to the january indices data. So the Current Conditions index, 114. 4 february consensus lower than that. So well now look at ukraine, one of the other top stories. The acting interior min city say police want to speak to the missing expresident Viktor Yanukovych for the murder of peaceful citizens. His last known whereabouts are the area of kronia. Meanwhile, ukraines interim president calls the
Selloff in snap as earnings disappoint uniper shares are dipping and the economy minister accuses russia of blackmailing europe on gas. Italy prepares for a september election after the coalition collapses after being forced to accept Mario Draghis resignation. It has been a tremendously busy week for europe we are squaring off the week with pmi data out of the major economies. Germany and france a short while back to bring you the eurozone pmi flash number it has on the surface side coming in at 50. 6 in july versus consensus number of 52 disappointing and also a slowdown from where we were in june back at 53. As for the manufacturing number, that came in at 46. 1 a remarkable slowdown from june. 49. 3 in june the total composite number for july came in at 49. 4 again, slowing down from the numbers in june which was 52 much lower than consensus at 51. Disappointing. Germany and france a short while ago and Chris Williamson was on the show speaking to julianna a while ago and saying se
BTC/USD Signal Today: approaches March highs, facing resistance near $71,600. Key trades set before 5pm Tokyo time, focusing on bullish and bearish reversals.
The combined effect of the euro's rise and the dollar's decline since midnight resulted in a four-hour EUR/USD chart candle with a long lower tail (indicated by an arrow), suggesting demand outweighs supply. A subsequent bullish candle could confirm this.