We have also got the overall number at 108. 6. That was forecast at 108. 4. Thats the Business Sentiment index and the Business Expectations. Lets have a look for that has come in at 103. 5. The forecast was 104. 4. So lets just have a look. Overall the expectations just below forecast the Business Sentiment and Current Conditions just ahead of forecasts. Of course this follows yesterdays pmi where germanys came in at 41. 9 down from 52. 8. So mixed set of data coming out of germany over the last couple of days. We saw the euro dollar there bouncing in fact in todays session. Lets get a comment. He is chief economist. Good morning to you. So slight contrast to yesterdays data but still mixed this morning. This ifo sentiment. A bit mixed but not very much. If you look at it the key thing is that Current Conditions have improved a lot and then of course expectations where people are asked whether it can get much better than what the currency is are no longer as stellar as they used to be
Current conditions, 111. 6. Expectations have come in at 107. 4. So weve kind of met the expectations as far as the headline Business Expectation is concerned. Euro dollar, not a huge reaction on that. And were still pretty much with this 137 handle, as well. 64, remember, the high for the year is 138. 30 is where we stand. Still another bit of data thats suggests all is okay as far as germany is concerned. Leeann banbrex joins us now. Jan, nice to see you. We have a dichotomy in europe particularly between the german and the french economy. Euro dollar doesnt seem to care an awful lot. At the moment, not. Theyre waiting for that big truck, the big elephant in the room, really. If you look at the german ifo index coming out. The uaw index is better. But this is really what the real economy is doing and the back stop that the German Economy is in reasonably good back step. Bear in mind retail pmi in germany has been good for half a year now. If you look at Capacity Utilization in the co
Forecast of 107. 3. The expectations, again, was also better, the consensus was about 104, came in at 106. 3. Euros back up to the best levels of the session against the dollar on the back at 1. 1. 3519. Bund futures also extending losses after that data as well. While we listen in on mr. Draghi, Quick Reaction on that from ricardo. Weve seen germany outpacing the rest of europe. Still continuing. Yes, looks like things are picking up a bit. We saw it yesterday from the pmi as well. Both manufacturing and services. It will be interesting to see if there is their Service Sector survey improved in november. I think it did improve in november. So, we have much better conditions, and that actually supports my own expectation, which is that germany will see a Significant Growth pickup in the next few years. Im forecasting 1. 7 growth from next year, 2. 5 for 2015. Mr. Draghi is making point we have to set Monetary Policy for the full year. And the next two components of that, france, the ec
And the number the headline number for the Business Front index, 109. 7. Thats, again, the reuters Consensus Forecast for 110. 2. So missing expectations. Current conditions index, 1. 48 in june. Again, below consensus expectations, calling for 15. The expectations index, 104. 4 excuse me, 104. 8 in june and, again, thats below forecasts, reuters consensus calling for 104. 9. I guess to a large extent this was to be expected given the softer pmis we saw yesterday. It follows the survey we had for this month, too. We will dig into some of the more details about that. Scott, weaker there on some of these german numbers from the ifo survey in this month. I think its very much in line with the pmi as we saw earlier this week. I think that maybe reflects the fact that you have a lot of your political answers going on. Right now, we have the situation in the middle east. I think many corporates are concerned about Oil Prices Going forward and, of course, i would say when i look at ua, we see
Issue coming out, plus ebola, and its just adding to concerns. So who has the resolution . Bp sees its thrd Quarter Results hit be depreciation of the ruble, the fall in oil prices, but the Energy Company still manages to raise its dividends. And a near 10 decline for twitter as the Company Turns to better than expected revenues and instead focuses on user engagement. Youre watching worldwide exchange, bringing you Business News from around the world. The bank is taking center stage today. Lets start with lloyds. Lloyds plans to cut 9,000 jobs over the next thee years as part of a strategic overhall. The uk lender posted a rise in q3 profits. But the bill for missold insurance picked up another 900 Million Pounds. Lloyds sounded confident it would pay a dividend. Meanwhile, asia focused uk lenders Standard Charter said profits plunged 16 in the Third Quarter, hit by a jump in bad loans and higher regulation costs. Take a look at standard chatter. Shares down 8 in todays trade. And liti