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
Imminent military strike. Theres a consequence of the pressure. We have syria acknowledging that it has chemical weapons. And soaring food prices send headline inflation to a sixmonth high. Plus, it sunk in january 2012 taking 32 lives. Today the operation to salvage the wreck of the Costa Concordia cruise ship begins. Well be in tuscany. Announcer youre watching Worldwide Exchange bringing you Business News from around the globe. A very warm welcome to you. Were back at the beginning of a new week and today the salvage operation to get the Costa Concordia are underway. This is from where the ship sunk in 2012. President mario draghi has been speaking on the topic of the eurozone this morning. He says the Banking Union sp a priority. They still need to boost growth and employment in an effort to stabilize the eurozone this morning. Essentially the eurozone unemployment is far too high. We need some sustainable policies. More emu, European Military union. Banking union, Economic Union a
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Trout Run, Pa. — Doris M. (Sawyer) Pittenger, 76, of Trout Run passed away on Sunday, Dec. 10, 2023 at Geisinger in Danville. She is survived by her loving husband