The measure of the ecb were the good one now it is up to the industry to be occur ageous. French finances a massive plan to support the economy amid a resurgence among virus cases siemens at the bottom after unveiling an increase to help fund its deal. A warm welcome to street signs. Lets kick off the show with fresh data just off the wires here the composite Pmis Services have come in at 51. 5. The august composite has come in at 51 dat 9. Almost slightly better than the flash number of 51 dat 6 new business, that has come in at 49. 8. Bang in line with flash estimates weaker than july new business, a little weaker. Overall, we are looking at growth territory for the composite as well as Services Sector within the eurozone mixed picture when you look at the country break down germany stands out as a bright point this morning italy and spain in contraction for the Services Sector. France remaining above the 50 mark for the month of august overall, the economy is slowing a little bit we
To the list. The head doctor for navalny says hes still unstable to move but says he needs to be evacuated for treatment abroad joe biden vows to restore the soul of america. In his closing speech of the Democratic Convention says President Trump has failed in his most basic duties in the nation the president keeps telling us the virus is going to disappear. He keeps waiting for a miracle i have news for him, no miracle is coming. Welcome back lets continue our focus on the pmi data the headline of the eurozone pmi. The economic recovery stuttered in the eurozone through august on the back of the pmi data. The flash composite down to 51. 6 from the reading of 54. 9 anything above 50 is still an skpengs but does express slowing. The new index dropped should be slightly concerning, i think as we continue to look for strong evidence the manufacturing pmi, 51. 7 from 51. 8 again, on these services, not as robust the ceo and chief Market Strategist at long view economics. Can i get your ini
Pattern meeting globally at the jackson hole symposium shares in wpp jump as the worlds biggest advertising slump. Tiktoks ceo quits quiting a changing political environment after actions to ban the video app. We are tracking the hurricane laura after the storm made land fall in louisiana with a 20foot storm surge. Crude was cut ahead of the storm. Just incredible when you talk about 20 feet and the language thats been mentioned. That most of the parish could be under water and the word unsurvivable has been used some of the houses are built on stilts particularly on the texas coastline. The oil industry has been interesting. 90 shut down similar to katrina. Mostly brent that is picking up the action matched against these concerns has been the covid19 impact that has tracked the reaction in the range so you wont see the impact close to 46 on brent prices and just above 43 this morning. Not getting any traction in the read Nbcs Jay Gray from the gulf coast. The most powerful storm on th
Report the two hotel groups could be creating a tie up the dax reshuffles members to remove the Payment Company. We are going to speak to the ceo and cofounder at 10 45 cet Kamala Harris accepts the nomination of Vice President telling the Democratic National convention that the incompetence of the Trump Administration has left people afraid lets fight withconviction. Lets fight with hope. Lets fight with confidence in ourselves and a commitment to each other to the america we know is possible welcome back as we come back, let me tell you the Norwegian Central Bank has come to a unanimous decision should we move on . They decided to keep policy rates unchanged. The hold onraits doesnt give too much direction at this point. There was speculation as to the commentary we might get to the Norwegian Central Bank around the decision and continue to say the prospects for low wage growth continue to put pressure. It is unlikely well see more moderation and inflationary pressures later out here
The brewing giant refuses to offer guidance for next year the pace of recovery, as you point out is uncertain and is very local infin yan shares jump as they point to a recovery in the chip maker. The outlook is improving within automotive, we have seen recovery. Also korea we expect that the worst is behind us. The threeway deal, President Trump says the u. S. Treasury should be paid a substantial amount of money for facilitating the part of the bid of the chinese app tiktok i think maybe a deal is going to be made it is a great asset but not in the United States unless they have the approval of the United States a very warm welcome to street signs. Lets get right to the Market Action trading has been under way about 60 minutes and has been a very turbulent hour currently about 25 basis points below the flat line. We have crossed into and out of positive territory the results front, some companies actually offering a fairly optimistic recovery on the outlook. Getting investors confide