You are watching the pulse. I am guy johnson. Eat, sleep, pray. The brandnew way to start your day. A great story. Harris. We would check out the first european outpost. Paris. The most expensive suites. Let us stay in paris and our top story. Agricole said its profits were nearly wiped out in the second portugalsd to bailout. The details. We knew it will be bad and the number is a bit. Is exposed tole portugal. They own a 14 per they own a stake. It is the wiped down to zero. They took a charge in the Second Quarter. An extra 200 Million Euros for keptalue that has been down to zero. In todays debate to the 19 dates of backanto to the 1980s. Santo familyhe regain control of the company. That relationship has gone bad. One person said the bank had the family. By lets talk about one stock that is up. Investors are looking at the capital ratios and the bottom line. Talk about the figures ok. Expected andely priced in. Better than expected capital ratio and the corporate and itent profit
Ft carmaker posts a profit rise of 11 in the quarter. Pimco out from a splash of total reach of record 27 billion in the month of october. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. And weir just getting the eurozone composite pmi data come in at 52. 1 for the composite number. Thats 52. 0 in september. Were also looking out for the services number. And that is 52. 3 versus the forecast of 52. 4 in the month of october. So just shy of expectations, but not a huge move, obviously. And we also had a pretty big fall in the euro, didnt we, at the German Services pmi. Absolutely. So that fall youre seeing in the euro of 1. 2496, it is more off the back of the german october sales pmi. The flash number had been 54. 8 but it came in at 54. 4. That was a 22month low in the german number. Im going to bring in nicholas now who is managing director at spirit sovereign strategy. Nicholas, a little bit bad news from the eurozone, particularly from
Sale. Toyota beats Second Quarter estimates in the u. S. The hour is in and the truce in gaza continues to hold as israel removes its troops from the strip. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. Welcome to worldwide exchange. Were expecting the composite services pmi out of the eurozone this morning. Weve had the individual ones. Its coming at 54. 2. It was forecast at 54. 4, so its a touch weaker than specd. It does fall on the Italian Services pmi. That is from 52. 9 back in june. Theyre pretty much in line as expected. 50. 4 in the last ten minutes or so. Arrived from last months 54. 2. 56. 7 versus 56. 4 in june. Were around 20 points lower, not much of a reaction, but a touch weaker on that. Lets give you a look at what else is on todays show. India says it has to bring down inflation, but the question is how. Were live in mumbai to discuss how they do that. Plus we ask how companies are doing with the flux in prices. Also,
Them more gradually. But the longer we wait, the more i see us as having to raise rates quickly in response to a stronger economy and perhaps more inflation. Chuck hagel is saying the pentagon may be forced to review its budget to fight isis. On the move, russia is saying an aid convoy is making its way to the ukrainian city as Angela Merkel is preparing to meet with ukrainian president poroshenko. Good morning, everybody. Good morning. Welcome. Its friday. Were almost done with the week, arent we . But a lot still going on. Very glad youre with us. We have two hours together and its all about janet yellen today. We have no large Economic Data thats due to hit our wires. Were very much in wait and see mode as janet yellen is prepared to address delegates at jackson hole today. The debate going on on the sidelines is that the market and the economy are both Strong Enough to warrant a rate hike. Philadelphia fed president Charles Plosser thinks its time to move. I would prefer us raising
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