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Altice and sell two swiss assets as they look to unload their debt pile. And one of the biggest names, sir paul ruddock tells me theres one asset class investors should be concerned about. Credit is an area to be concerned about at the moment. Theres been a huge boom in credit over the last ten years thats one area to be concerned about. Good morning its friday. Lets get straight to Macro Economic data in the form of eurozone manufacturing data for november were seeing 60. 1 versus a forecast of 60 this is a rise from the october figure of 58. 5 november was the best month for eurozone factories in over 17 yo17 17 years the german manufacturing pmi came in close to a record. The spanish pmi rising at the fastest rate in more than ten months the strong french numbers as well, best month in seven years in the month of november those are stunning figures we get some instant reaction over the summer there was a concern that we would s ....
The greece story would play out. We did see a significant head line in the index in the month of june coming in at 1. 074. Coming in at 1. 08 against expectation. Were looking at highs of 1. 11 against the u. S. Dollar. Lets get reaction from bill oneal from ubs Wealth Management. From the headline number bill this number looks pretty good . Yeah i think its provide something reassurance that a multidollar recovery is still under way in europe. I think the weakness of the euro posed the greek settlement that played a role here. Clearly that to be reflected in green coming through the market for the midyear as well. But i think its important that the market was to have some nasty surprises after some pmi number, purchase managing numbers, of course that did disappoint. We should point out that the ifo has said their june expectations has been revised up to 0. 121. Its also a twoweek i after the ifo. I guess the question is what ....
President trump doesnt rule out military action against pyongyang. Hopefully we dont have to use it against north korea if we do use it on north korea it will be a sad day for north korea. Good morning its friday, unfortunately were dealing with a lot of national catastrophes on this morning mexicos been struck by a strong earthquake the 8. 1 magnitude quake was felt in the capital city forcing people to evacuate shaking buildings. At least five people have died the epicenter is located off the west coast of mexico with tsunami Warnings Issued along the coast of mexico and other Central American shores. The Pacific Tsunami Warning Center said tsunami waves have been observed. We are joined by Frank Jack Daniel can you tell me what you have obse ....