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U. S. Dealerships 1. 2 billion. Caroline we are keeping a close eye on volkswagen as we see the dax open. Futures lackluster ahead of jackson hole. Check out my futures board on the bloomberg. See the cac 40 underperform, down by a quarter percent. On to the assets. Manus we will get into those assets. If you want to understand the limitations or the questions that are raised by the efficacy of stocks on behalf of your losstry, close to 3. 9 from april to june. This is the Japanese Pension Fund. What we have seen is the bank of japan involved in these markets. They will have taken an equitable loss. Japan gpi have posted 3. 9 loss between april and june as a stocks slump. The efficacy of negative rates on the bank of japan we will debate. Lets check in on your markets. It is filler kill day for risk and volatility. It is jackson hole day. You have the emerging market index there. We are seeing this stock. Overall we have lo ....
Lets talk about what weve got. Manufacturing pmi falling to 50. 4, the forecast 50. 8. We have already seen the breakdowns from a national level. The german date or little weaker, the french data certainly a little weaker at the moment. Those that were hoping there were any w numbers in the other survey numbers were indicating that we were going to see a more stable story, maybe a little bit disappointed by that. 1. 2515, you could have seen a pop through you could have seen a pop through 1. 26 today if you had a decent german number. 16 is where we are trading now. Thats get some immediate action to the figures. Harry coleman, good morning to you. I read your notes this morning on the train. Broadly positive. You think the doomsayers are largely wrong about the european economy. Is there evidence that undermines that argument. I dont think it does. We had soft data, some of the trends in the pmi numbers pretty poor, but generally i think the consensus on europe is too bearish. I think ....