Plummet. We talk about the impact of the stronger swiss franc and slow down in china. The price of oil is volatile but in an exclusive interview saudi arabias finance minister tells cnbc the government wont change course on spending despite the huge drop in prices. Help us sustain our policies policies. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. Welcome to the show everyone. The focus today here in the stock market and bond market is greece. Ecb will no longer accept greek bonds as collateral. Were seeing volatility. Investors selling greek debt sending yields sharply higher. Take a look at the 10 year greek debt yielding now 11 . The 15 year greek debt yielding about 10. 5 . Were seeing similar moves in the equity markets as well. Keep in mind right now were looking at european shares despite moving lower in todays trade still trading at a multiyear high but the focus, the concern right now is on the greek negotiation terms. Absolutely. Athens
Conditions at 112. 0. That is above februarys reading but in line with expectations. Of course we also have the ifo expectations 103. 9. Lets get straight out to the european economist at Morgan Stanley. Thank you for joining us. This reading at 107. 9 above the expectation of 107. 3. It follows strong pmi data yesterday so the slight beat perhaps expected. Yes, indeed. These numbers, the german ifo today and pmis suggest that momentum in terms of growth of the region as a whole, the euro area is strengthening. In fact we believe theres three that are likely to sustain the euro zone recovery this year. So our ecb induced because of the recent policy actions including the start of the qe program. We have currency weakness and falling bond yields so that means financial conditions and its cheaper oil price which is is the best of the two worlds. From the perspective of a euro zone consumer they pay less and it also keeps the central bank engaged because they may be afraid of not meeting
Dr. Arnold Louis Wagner, of Evanston and Northbook, IL, passed away Saturday at Highland Park Hospital at the age of 95. He was preceded in death eight days
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