The European Economy is struggling. Are you gloomy . Well, the economy is struggling. Im not gloomy. Ijust propose to look to what we were expecting exactly one year ago. So, beginning of october 2022, we had a double digit inflation. We were expecting recession. And indeed we were also concerned about Energy Supply blackouts because, of course, leaving the russian fossil fuels was not at all an easy story. So if we want to look to the optimistic side of the moon, i think we would say that, yes, we avoided recession. Yes, we have now inflation at 4. 3 , which is very far from the double digit inflation one year ago. And the economy is still growing. But, of course, you are right, the economy is struggling because very low growth. How long with this slow growth. That is the point, isnt it . Low growth is your problem. The imf has reduced Growth Forecasts across the European Union down to less than 1 , 0. 8 for the year. There are some important countries, no more important country than
That has carried over. Julie that has happened in the wake of north korea comments from President Trump. Lower, and the selling continues into today. It is the worst twoday drop, going back to early july. Nevertheless, we have not seen downward movement of any real substance over the past month or so, so seeing some selling going on today. The selling is also being contributed to by weaker than estimated earnings, which we will get to in a moment. If you look at the size of the moves, we are seeing smaller ones. We have been showing a number of different charts today to illustrate this. Last time there was at least a 1 gain at the close was back in april. Last time we saw at least a 1 decline at the close was in may. It has been a while since we have had big up or down moves, at least by the close. Volatilityk continues, and we are seeing big declines on the earnings front. Priceline down the most in the s p 500, off by 8 after the Online Travel giant came out with a forecast for the t
That has carried over. Julie that has happened in the wake of north korea comments from President Trump. Lower, and the selling continues into today. It is the worst twoday drop, going back to early july. Nevertheless, we have not seen downward movement of any real substance over the past month or so, so seeing some selling going on today. The selling is also being contributed to by weaker than estimated earnings, which we will get to in a moment. If you look at the size of the moves, we are seeing smaller ones. We have been showing a number of different charts today to illustrate this. Last time there was at least a 1 gain at the close was back in april. Last time we saw at least a 1 decline at the close was in may. It has been a while since we have had big up or down moves, at least by the close. Volatilityk continues, and we are seeing big declines on the earnings front. Priceline down the most in the s p 500, off by 8 after the Online Travel giant came out with a forecast for the t
That has carried over. Julie that has happened in the wake of north korea comments from President Trump. Lower, and the selling continues into today. It is the worst twoday drop, going back to early july. Nevertheless, we have not seen downward movement of any real substance over the past month or so, so seeing some selling going on today. The selling is also being contributed to by weaker than estimated earnings, which we will get to in a moment. If you look at the size of the moves, we are seeing smaller ones. We have been showing a number of different charts today to illustrate this. Last time there was at least a 1 gain at the close was back in april. Last time we saw at least a 1 decline at the close was in may. It has been a while since we have had big up or down moves, at least by the close. Volatilityk continues, and we are seeing big declines on the earnings front. Priceline down the most in the s p 500, off by 8 after the Online Travel giant came out with a forecast for the t
Nations to say theyll join beijing despite u. S. Warnings. Good morning youre watching Worldwide Exchange. The Business Confident rising to 103. 7 versus consensus 99. 8 and better than expected. This is a rise in all fronts. The march overall Business Confidence index rising to 103. Consumer confidence that index has risen to 110. Back in line with expectations and this is versus february of 107 rises in the month of february. Lets have a look how the euro dollar is trading this morning. A little bit much pressure as a result of the uncertainty around the greek story. Euro dollar changing hands at 108. 30. Were down by a half of 1 . The story has been the strengthening of the euro over the past couple of days. Its come off the highs. It did reach 110 last week it was a twoweek high against the dollar. Take a step back and look at the euro it lost about 20 some analysts say. A big boost for export growth here. Absolutely. A lot of question marks. And our guest later on in the show davi