Bloombergs European Headquarters in london. Out of the eurozone. Looks like the economy lost some momentum in august. A geisha of private sector growth falling to the lowest evel since 20 from 53. 2. Tion below an earlier estimate of 53. 3 according to ihs markets, largely due to a weaker rate of expansion in germany, the regions largest economy. The report coming days ahead of the ecb holding its first policy meeting after summer break. Lets check in on markets. No trading today in u. S. Or canada because of the labor day holiday. Stocks rising. Getting a boost from the jobs report on friday which came in below expert nations. September rate hike. The pound index, bloomberg pound index rose last week for the third consecutive week. May. Winning stretch since down by a basis point, basis point range for the last seven weeks. That was the last time draghi spoke. Crude oil up. Will we get a deal this month . We asked of saudi arabia and russia . That is the big question. Lets get the blo
Bloomberg. 90 minutes left in the session in europe today. No trading in the europe the u. S. For labor day. Stocks rising for a third day after gaining for the second consecutive week. The stoxx 600 now its highest since january 6. Top of the pile. Oil and gas at 1. 1 . Russia and saudi arabia said they would Work Together to stabilize global oil. Lets get to some of the big movers, the big gainer this was provider of banking software. Jumping to a record earlier after Credit Suisse upgraded the stock to outperform from neutral. It added it to a list of High Conviction ideas among swiss small and midcap stocks. Credit suisse expects the company to exceed its target. A strong momentum and licensing breakf licensing. Large visibility remain strong in 2017. A progressive renovation plan of large banks relicensing contracts as well. The price target is 71 swiss francs. Today we are at 61. 9. Is median price target 53. 54. That implies a 14 downside. Lets get into the big piece of data tod
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