Across the beat. French advertising publicis buys safient in an allcash deal and shares trade lower in paris. And proctor and gamble is accused of tax fraud and production is halted. Youre watching Worldwide Exchange bringing you Business News from around the globe. Good morning, everyone. Lets get straight to data points. The eurozone manufacturing pmi for the month of october, that has expanded slightly slower than first thought last month with the number of 50. 6. E were expecting a number of 50. 3 so that is slightly better than forecast, but still lower than the flash number that we saw. Well get to some commentary from the market this morning. Again, the eurozone manufacturing is slightly slower than first thought. For the discounts out the factory gate failing to drive up new orders, this is according to market, a second month of price cutting alongside tend expansion in germany. And we got the individual numbers for france, germany, iti italy. In france it slow ed at the sharpe
Car maker shift into overdrive. Is a bromance brewing in brussels . He received a warm welcome from the european president amist word he will try to convince him to try to increase the countrys bailout. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. And were just getting the euro zone composite pmi for january. This is 52. 7. It was forecast at 52. 3. This follows the numbers. The competition pmi was 52. 6. We had in the last 15 minutes or so data as well. Italy beat france beat and germany slightly below expectations. The euro dollar off session lows 1. 146. The overall euro zone private sector growing at the fastest pace in six months in january. Firms slashing their rate. January services pmi at 52. 1. The euro dollar trading at 1. 14. Interesting to see the reverse trade over the past couplel of months. Alexis is at the moment meeting with commissioner president. The Financial Times is reporting he will ask him for a technical extension of the
Everybodys attention. Today, there were some positive signs for the sector which has lagged the overall economy since hitting a speed bump more than a year ago. Single family home fell only slightly in january despite all that snow in the northeast. While supply which has been tight, rose to its highest level since 2010. The pace for sales for december was also revised higher. Tight inventories and a lack of wage growth had been holding housing back but now the labor market seems to be gaining steam and Home Builders gain more traffic. Not just home build ns but Home Improvement retailers. Today, lowes reported better than expected Fourth Quarter results driven by homeowners taking on big and not so big renovation projects. Shares did fall a fraction after the company expressed concern about rising Interest Rates, potentially impacting prose home buyers. Still, the company does expect existing homeowners to continue to invest in projects anhouses. Diana olick now on whats behind the su
Today, there were some positive signs for the sector which has lagged the overall economy since hitting a speed bump more than a year ago. Single family home fell only slightly in january despite all that snow in the northeast. While supply which has been tight, rose to its highest level since 2010. The pace for sales for december was also revised higher. Tight inventories and a lack of wage growth had been holding housing back but now the labor market seems to be gaining steam and Home Builders gain more traffic. Not just Home Builders but Home Improvement retailers. Today, lowes reported better than expected Fourth Quarter results driven by homeowners taking on big and not so big renovation projects. Shares did fall a fraction after the company expressed concern about rising Interest Rates, potentially impacting prose home buyers. Still, the company does expect existing homeowners to continue to invest in projects anhouses. Diana olick now on whats behind the surge in remodelling. Re
Today, there were some positive signs for the sector which has lagged the overall economy since hitting a speed bump more than a year ago. Single family home fell only slightly in january despite all that snow in the northeast. While supply which has been tight, rose to its highest level since 2010. The pace for sales for december was also revised higher. Tight inventories and a lack of wage growth had been holding housing back but now the labor market seems to be gaining steam and Home Builders gain more traffic. Not just Home Builders but Home Improvement retailers. Today, lowes reported better than expected Fourth Quarter results driven by homeowners taking on big and not so big renovation projects. Shares did fall a fraction after the company expressed concern about rising Interest Rates, potentially impacting prose home buyers. Still, the company does expect existing homeowners to continue to invest in projects anhouses. Diana olick now on whats behind the surge in remodelling. Re