Today. They are all falling led by greece. Down by over 1 . European stocks falling for the fifth day. Worst run since may. Sterling is down. We will come to that with David Blanchflower. Finalcommodities is your three columns. A quick peek at the european economy. Its on track for its best year in a decade. Headed towards a golden period. Still, the recovery is lagging behind that of the u. K. And the u. S. Growth is nowhere near levels recorded at the start of the millennium. Unemployment in the periphery still exceeds 10 . This is from 2008. Thats the starting block. Real gdp. Lets get to brent crude. Hedge fund bets on rising brent crude prices hitting a record high. Continued tensions in the middle east sending prices to their highest level in two years. Raising their net long positions by two point 4 to a record. 543,069 contracts in the weekend of november the seventh. Long surging by 2 to an alltime high. Short tumbling 2 to the lowest level in more than a month. China. Nt to m
Point six percent in the previous quarter it joined spain as the Fastest Growing economy in the eurozone the average rise in g. D. P. Across the one nine hundred countries of the euro in the Third Quarter is a comfortable zero point six percent. On the other side of the contrie end of the world better said we all knew it was coming and now its finally here and as well have failed to make two coupon payments on monday and has now been declared in selective default by Ratings Agency standard and poors its also predicting more shortfalls president Nicolas Maduro had promised to negotiate a debt restructuring with creditors but apparently the answer he got was thanks but no thinks and eve of the country announced it started making Interest Payments on its foreign debt this tuesday most analysts are not convinced. Its venezuela running right out of money. The much awaited answer a decisive government meeting with creditors ended abruptly after only thirty minutes afterwards participants tal
A voice in the areas hit by sundays earthquake in iran and iraq thousands of people have lost everything and are now facing an impossible future and the people worst hit by Climate Change are often poor or now wealthy nations and other groups are giving a boost to a strategy that aims to ease their plight. I bring coffee its good to have you with us i never lie that is what u. S. Attorney general Jeff Sessions told members of Congress Today he rejected allegations that he deliberately misled lawmakers earlier this year about his. Communications between russia and trumps president ial campaign but sessions told the House Judiciary Committee that he does now recall a meeting with former Trump Campaign advisor George Peppard up a list in which russian connections were discussed now in previous testimony under oath sessions had denied knowledge of any such contacts heres what he had to say earlier today frankly i had no recollection of this meeting until last these news reports i do now re
Promised investors a good deal. But venezuelan Vice President sami wrapping up tuesdays proceedings with a press conference had nothing firm to say about his countrys future on state controlled t. V. Rather than laying out a plan he blamed the u. S. To venezuelas quandary talking of an economic war by donald trump against the country a few months ago the u. S. Imposed sanctions on venezuela the e. U. Hasnt followed suit but it did impose an embargo on weapons sales to caracas the e. U. Doesnt want to worsen the plight of venezuelas people who are suffering under catastrophic shortages. Inflation is running at fifty percent food and medical supplies are scarce. Venezuela still hopes to pull through. There is a little bit of perhaps. A rise in the courts that venezuela could. Be stacked with russia perhaps that could be announced. In the week an agreement with russia could keep the venezuela debt cliffhanger going for another few days at least. Time now for a quick check on the markets w
Scenario and that is a very on top of the agenda of investors when it comes to geoPolitical Risk because nobody really knows whats going to happen there there will be talks in the next days to actually come down the situation but for now the risk is to very high that there might be some escalation but also the Political Risk again back on the agenda if you have italian elections once again in europe again a test where the Populist Party might make it on top of a government there and also in danger of the Eurozone Project in a way we have elections in russia and then also in other countries and. Top of investors with concentrate also on a plethora of i. P. O. s coming to the markets im advised both in frankfurt thank you so much. Its been rough times for german carmakers lately fox
wagons diesel gate Scandal Cheating on Emissions Tests and making false promises to customers has put quite a dent into the image of some big names in the business how has this scandal changed the industry an