Concerned. German september ifo, 100. 7. The current condition is 111. 4. The expectation is 104. 2. So not quite as a small jump in ifo. And they said the august Business Climate was revised to 107. 6. So not quite as big a jump as we might have expected. Lets get Immediate Reaction to that. Miles bradshaw is Portfolio Manager at pimco and joins us right now. Miles, a small bones in ifo. Whats your assessment of what that means and of the German Economy . I think it underwrites the other data that suggests the european economy is slowly recovering. Germany is leading the charge. You know, the ifo on has been stronger, the pmis have been stronger. But its a subdued recovery and its a recovery that isnt going to cause the ecb to be tightening policy anytime soon. Whats more important in terms of the ifo is the expectations data in terms of having an assessment about where gdp is going to be going forward. I think that was a bit more than expected. But i think the key theme is its a very
Plus, as the federally fizzles out, stocks are more or less fairly priced right now, getting harder to find bargains. Hello. Very good morning to you. Were into or good afternoon if youre into asia. Were into the final hour of Worldwide Exchange right now. And 54 advancers currently outpacing decliners on the Dow Jones Stoxx 600. Fairly flat for the indices. 60 odd points higher. S p snapping a fourday winning streak. The rally in the u. S. Only lasted a day. We had been rallied ahead of it, as well. This is where we stand for the european indices. The ftse 100 fairly flat. The dax and the ftse mib down 0. 2 . Bond rates, lets look at treasury yields. Wednesday night, we hit 2. 67 on the yields. Currently, six basis points above it. Gilt yields currently higher at 2. 9 today. German bund yields below 2 at 1. 91 . On the on currency markets, we saw the dollar hit a low in yesterdays session. 1. 3532 is where we stand on euro dollar. Dollar yen, just moving away from 99. 50 after being a