We were effectively at the lower bound already, so that is coming in at 25 basis points. The Canadian Dollar was already weaker before this. It is weaker now by 1. 5 versus the u. S. Dollar. Lets take a look at where we stand markets wise. We knew after the retail sales data we would like to down, and we are. Awn 2. 4 for the s p 500, and move for the 10 year yield is well back down to 66 basis points. Crude oil has recovered ever so slightly. We were at the 19 handle for most of the morning. 42. Vix is back up to what is happening in europe, guy . Btp spread is widening out. It seems every nation for themselves. It seems there will be no mutualization of debt. Every sector is a negative territory right now. The banks and the oil stocks are the worst performers. You got a pound on offer, the dollar generally bid today. The market is looking for a little bit of safety today. Vonnie arent we all . Lets get you our first guest. We are delighted to be joined by joseph stiglitz, Columbia Un
Behind a drop in revenue last quarter. And the Prime Minister has replaced his long standing finance minister with a political unknown, but does it change the Investment Climate . Well hear from the former Prime Minister. Announcer youre watching Worldwide Exchange, bringing you Business News from around the globe. Hello. Welcome to the show. We kick off with the latest data out of europe. The market eurozone pmi is coming in weaker than expected. The flash number, 51. 5. It was 51. 9 in october and investors expected it to tick up slightly to 52. Divergence between germany and france. The german composite numbered ticked up to 54. 3. The french number, im afraid, ticks down. French services at a fourmonth low, manufacturing at a sixmonth low and the composite, 48. 5, 50. 5 in october. We saw in the Second Quarter. Negative growth for france and now we are getting contracting activity, as well. Chris williamson is global chief economist at market that helps compile these numbers and jo
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