The measure of the ecb were the good one now it is up to the industry to be occur ageous. French finances a massive plan to support the economy amid a resurgence among virus cases siemens at the bottom after unveiling an increase to help fund its deal. A warm welcome to street signs. Lets kick off the show with fresh data just off the wires here the composite Pmis Services have come in at 51. 5. The august composite has come in at 51 dat 9. Almost slightly better than the flash number of 51 dat 6 new business, that has come in at 49. 8. Bang in line with flash estimates weaker than july new business, a little weaker. Overall, we are looking at growth territory for the composite as well as Services Sector within the eurozone mixed picture when you look at the country break down germany stands out as a bright point this morning italy and spain in contraction for the Services Sector. France remaining above the 50 mark for the month of august overall, the economy is slowing a little bit we
The bloomberg terminal. Reopening in america, President Trump urges the u. S. To get going again, even if it leads to more death. Chinas ambassador to washington calls for an end to the blame game over the coronavirus origin. More pain for europes banks. Lenders try to estimate the damage to their Balance Sheets from the coronavirus shutdown, and the ecb stands by its inflation mandate after a German Court Ruling on its qe program. Bond investors expressed concern about the Central Banks latest ofonavirus stimulus in light that decision. We are under an hour away to the start of cash trading across the continent, and in Great Britain, lets look at futures this morning, pointing slightly lower after a decent rally yesterday, although it was a rough start to the week for European Equity indexes. We are looking at drops of about. 1 right now on the dax futures in frankfurt. Higher in thedge cash trade yesterday. We are seeing futures edge higher once again today, so. 6 gain across the s p
Ready to meet to discuss their demands on doha. Good morning, everyone weve got a lot of data to get through. Lets kick things off with the Eurozone Services pmi, that came in at 55. 4 versus a forecast of 54. 7 the may number that was 56. 3, so were seeing a bit of a weakening, but again it is still above forecast when it comes to the may composite sorry, june number, 56. 3 thats higher than forecast. Overall the momentum is still relatively strong. Lets see whether momentum is still going strong in the uk car registration sector. Its not down 4. 8 yearonyear in june to 243,454 units thats according to the smmt and that follows a drop of 8. 5 when it comes to the may print. Once again uk new car registrations down 4. 8 yearonyear in june lets get instant reaction with ant edenhall do these numbers strurprise you after the numbers leading up to the german ele election . We expected car sales to be down this year consumer uncertainty is pretty High Consumer confidence is high. So you wo
Stoxx 600 as Morgan Stanley cuts the chipmaker to underweight. Good morning. Lets kick you off with some Eurozone Services pmi numbers. The final december composite pmi was 54. 4. Pmi pointing to Fourth Quarter gdp growth of 0. 4 and prices charged rose at the fastest rate since july 2011. Finally inflationary pressures coming through. Lets look at some of the services pmi. Eurozone december pmi at 53. 7. The forecast was for a print of 53. 1. Easily beating expectations. To tell you across the regions we saw in germany a services pmi at a fivemonth high. Italian services pmi was below expectations and showing slowing in december. We did see an uptick in spain and in france an 18month high. Mixed picture here. This following a Strong Manufacturing pmi earlier in the week. Prices ticking up. Thats something we have been seeing in the uk. Lets give you a view of the european bourses an hour into the session. Mixed trade with softness on the ftse 100. Basically the uk main market is flat
Bloomberg that even members of his own party dont want to deal with the European Union. This is bloomberg surveillance. Weve just got to get to some breaking news for you. Weve got Eurozone Services pmi data and the composite coming through. Lets look at the services first. We coming in at 56. This is a miss. Was 56. 5. Ation it is a little weaker than the prior reading. At composite index coming in 56. 4, again a miss on the survey and a little weaker from the prior reading. 1. 0676, pretty much unchanged on that trade. Lets get to your markets. Speaking of things that are unchanged, quiet in equity markets. I wanted to show you the rand. , the randdollarrand strengthening, bestperforming currency against the greenback today. We did see it rebounding yesterday and weve had some news that the markets are reading as positive for president jacob zuma. The 10 year yield down to basis points. We saw the 10 year treasury yield within touching distance of the lower bound of that range it has