Stay updated with breaking news from Energy headwinds. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
German figures. Italy is in line. The gdp portion, it is more important what mario draghi is looking at. Tom absolutely. You see the economy growing less in the initial estimate, which gets back to the carney announcement yesterday of a lower forecast from britain. You wonder where the dynamic is, where a economies will pick up in 2016. I have not seen it yet other than the one german item this morning. Belowne a touch estimates. The real question, how much does it have to do with a weaker euro, and how much does it have to do with real growth spurred by economic reform . Lets get to the first word news. Nejra you have the numbers from the euro zone as a whole. Germanys economy grew at the fastest rate in two years. Gdp rose7 10 tense of a percent beating estimates. Thoughfset record unemployment in germany which has boosted consumer spending. A report says the European Unions ....
Lets take a look at the numbers there for you. The dow is currently off by 266 points. The s p is down by 41 and the nasdaq, look at that, a 2. 6 drop, 125 points being shed off the nasdaq. All three are now in correction territory. Lets get more on the trading action on the floor of the stock exchange. Its a pretty ugly day, it really feels like the market is having a lot of difficulty finding its footing. A number of different factors at work. You had the weaker close over in europe. You also had the disappointing Industrial Production or industrial profit numbers out of china today. Add to that the weakness, the continued weakness in the commodity space. Oil is down. Hasnt broken through that 44 level but youre also seeing weakness in zinc and copper, et cetera, and gold today. All of that is keeping pressure on the markets. The s p also breaking below that 1900 level. People were watching that. Right now were watching t ....