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Early december. Peace at last. Microsoft and google put an end to all litigation between the two companies settling no less than 18 cases. Right. Thanks for joining us. Lets get straight to the Market Action and as you can see another very positive day for european equities. We started the month today in positive fashion as we ended the final day of last month but of course last month and last quarter as a whole very much negative. The dax was off about 6 for the month. And off nearly 12 for the quarter as a whole. So weve got to put that in perspective with the rally we saw yesterday and today as well. 1. 5 for the ftse 100. Germany up about. 5 . Right. Lets also have a look at asian markets as well. Sri is going to come in and give us an update on what were looking at in asia. Big day of data as well. Absolutely. Yes. China and japan. Lets take a look at some of these markets and how they reacted. We pretty much wrapped up the se ....
And we are just going to bring you to the europe sentiment data. The number was previously at 103. 2. Its coming at 104 for november. The expectation index has come in at sorry, im just going to get that one. Its come in at 99. 7 against a previous index of 111. 0. We are going to bring in the chief economist here to show us this is a pretty big surprise. This is a very important data point for two reasons. First of all, the economic weakness in europe over the last six, seven months has been largely germany. Positive germans are the turnaround we need. And the german weakness itself was focused on business investment. Investment is driven by expectations. And now that we have our sixth month of decline, it does show that business can start to go up begin at the end of this year and in the First Quarter next year. So these data suggest the worst could be over. Of course, its just one month. We have to wait for confirmation, but it ....
I think that the focus of this weeks imf meetings is very important. Its how do we make sure that theres stronger growth around the world. That would actually lead to currency values changing a bit. Shares rise to the top of the ftse 100 as consumer goods giants benefits from a weaker dollar. But they blame the strong green back for lackluster results while they see sales slow due to greek demand in the u. K. Home market. Were getting some flashes coming out of the ecb. Theyre saying growth will come in at 1. 7 versus 1. 5 in january. So slight increases for those. 2015 this year 1. 4 the expectation versus 1. 1 in january. Increasing these forecasts across the board. Its interesting because in the u. S. A lot are downgrading their forecast for 2015. What happened ifs europe grows at a stronger rate than the u. S. Wouldnt that be a surprise . Its clear how the momentum is certainly behind european growth. Were also having Inflation ....
Oil supplies. Gdf falls to the bottom of the market. Trader say the sale rose 1. 5 billion euros. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. A warm welcome, again, to todays worldwide exchange. Some interesting news in the market yesterday. Selloff in the u. S. Market. Wall street. Can we call. 7 a selloff . What i found surprising was that the markets didnt react to the robust Economic Data as it was in the back with mirrors, lagging indicator, oil remains the big headline risk. Maybe they did react to the data, sri. Maybe were back to good news is bad news as far as the fed is concerned. Supporting consumer housing data, Consumer Confidence. Maybe this is the start of a good news is bad news. Like parting a baby from its candidate. You could say that, but the price ....
Hello. Welcome to todays worldwide exchange. Im ross westgate. And im kelly evans. These are your headlines from around the world. Investors cheer barclays strategic overhaul, the bank is cutting 3,700 jobs, trimming weakness. Inching towards global currency wars, the warning from the world bank will urge economies to stick to a market base Exchange Rate system. And another day, another bank. And were just hours away from president obamas state of the Union Address. Hes expected to call on more tax hikes and fewer spending cuts. Announcer youre watching worldwide exchange, bringing you bes news from around the world. Welcome to todays program. It is tuesday. Yeah. And loreal is talking about the strong euro in france. Right into trading down double digits this morning. Another story in italy, it seems like the entire world press core at this point will be desending on trade. Ye ....