1. 1783 the efo has been hitting record highs for the past three months. So maybe this pullback was to be expected the german august efo Expectations Index came nat 107. 9, with a forecast of 106. 8. T lets get reaction from Nicholas Brooks the German Economy seems to be firing on all cylinders. Are you worrying about a dip in the efo index . Not at all. Weve seen strong data coming out of germany and europe as a whole. So one data point these numbers are volatile its off maybe shortterm traders will look at this but in the medium term, it means nothing. Especially since the pmi data out of germany was strong. We saw that jump in the manufacturing pmi and across the board in europe we saw after a bit of leveling off last month, we saw a comeback. That makes a very clear picture, very good justification for the ecb to taper, doesnt it absolutely. Thats what they need. The ecb needs to taper for technical reasons as well as economic reasons technical because of the scarcity issues . That
Good morning welcome to Worldwide Exchange. Im sara eisen im wilfred frost good morning to you from me as well its new music friday. We are kicking off with taylor swifts new song highly anticipated. But not very good i cant tell. Came out overnight i listened to it once upstairs with the team what did the team think. All disappointed, apart from the number one taylor swift fan, karissa. Well have to listen to it a few more times youll hear it more on the show it is new music friday first lets get to the big developing story out of the gulf of mexico, Hurricane Harvey gathering strength the storm a category 2 hurricane. It is expected to make landfall in Southeast Texas later tonight. Harvey is forecast to pack a punch bringing torrential rain, heavy flooding and damaging winds. Widespread evacuations have been ordered up and down the texas gulf coast were seeing a big reaction in the Energy Markets as harvey takes aim. 1 higher for crude prices right now. Same with rbob gasoline, that
It came after the construction of six new helipads were finished. The new helipads are racing safety concerns among nearby residents as the u. S. Military is planning to use them for Flight Training for osprey tilt rotor transport aircraft. An osprey ditched in Shallow Water off the coach of the prefecture, nago city, on december 13th. The government says the return will reduce the prefectures burden of hosting u. S. Military bases. It will hold a ceremony in nago on thursday to commemorate the return, but okinawa governor Takeshi Onaga said he will not attend the event out of opposition of the u. S. Military use of ospreys, he will instead attend a rally to protest the osprey accident to be held also in nago stay later in the day. Even after the handover of the training site, okinawa will still be hosting about 70 of all u. S. Military facilities in japan. Police in germany have launched a europewide manhunt, theyre looking for a tunisian man they now say is the main suspect in monday
It came after the construction of six new helipads were finished. The new helipads are racing safety concerns among nearby residents as the u. S. Military is planning to use them for Flight Training for osprey tilt rotor transport aircraft. An osprey ditched in Shallow Water off the coach of the prefecture, nago city, on december 13th. The government says the return will reduce the prefectures burden of hosting u. S. Military bases. It will hold a ceremony in nago on thursday to commemorate the return, but okinawa governor Takeshi Onaga said he will not attend the event out of opposition of the u. S. Military use of ospreys, he will instead attend a rally to protest the osprey accident to be held also in nago stay later in the day. Even after the handover of the training site, okinawa will still be hosting about 70 of all u. S. Military facilities in japan. Police in germany have launched a europewide manhunt, theyre looking for a tunisian man they now say is the main suspect in monday
Down the president. Americansler bows to first jobs policy. Looking positive out there, the absence of japanese trading, a Public Holiday they are, 30 minutes before the start of the session in hong kong and shanghai, the open in kuala lumpur, taipei, and singapore. Here is Sophie Kamaruddin. Sophie a number of markets coming online, checking that space. We are seeing continued gains on the asx and new zealand, and the kospi reversing gains made in the morning. Space,look at the data whats happening with Dollar Strength, resuming strength following the friday jobs report. Note, the yield of seven basis points friday. Bill gross is expecting a breakthrough to the 2. 6 level, pushing it into bear market territory, gross saying the treasuries are at an inflection point. Gold edging higher after falling in the wake of the u. S. Payroll data, gaining demand for alternative assets, and equities soft in. The robust case for u. S. Interest rates going higher could make bullion less appealing.