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
For business after his coalition sweeps the country with a solid majority. Shares fall after italys Third Largest bank is forced to double its capital hike. It hopes to have a Restructuring Plan in place within a month. Announcer youre watching Worldwide Exchange bringing you Business News from around the globe. Good morning, everyone. Welcome to a brandnew edition of Worldwide Exchange. Ross is out today. Lets get back to one of our top stories. President obama will tape interviews with several u. S. Tv Networks Today as he continues the push to take action against syria. The president will address the nation in primetime tuesday night. He dropped in on a dinner hosted by Vice President biden for Senate Republicans on sunday and will meet democrats on tuesday as Congress Returns from their summer break. White house advisors will hold classified briefings for lawmakers this week and took to the sunday talk shows to stress that any u. S. Military strikes would be limited. This is a targ
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