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Onus lets check in breaking news. Composite. Eurozone pmi comes in 51. 3. Mark the compass i compass it is the manufacturing report. The services has just crossed. This is the final rating for the month of august. 54. 4. The survey estimate was 54. 3. The prior reading was 54. 3. Services has come above the previous estimate. As a result, the composite has come in ahead of estimates as well as 54. 3. So, it is a good piece of data for mario draghi to get his head round as the ecb meets today to discuss policy. Later, to discuss his plans for q. E. Investors will want reasserts reassurance the ecb is willing to expand the q. E. Program, the deflationary forces. Lets see if there is any Market Reaction to that move in the eurozone pmi which is above 50, which shows expansion. The economy is moving in the right direction. Earlier this week, we had unemployment fall to the lowest level in three months. Bank lending is expanding since ....
Thursday morning. Today toal bank meets discuss policy. Expectations are that it will update the forecast for inflation, and giveve investors clues as to whether it will change easing program. Investors will be listening closely to any comments from mario about the slowdown in china. Hans nichols joins us now from berlin. The morning to you. What are we listening for . Hans if mario starts off his press conference in mandarin, you know it is a bad sign. But what were really looking for are two things. What do they do . Expectations, if they do change, what sort of pants will there be for what they may do . They could maybe talk about hinting clues, extending it beyond september 2016. When you look at expectations, the big question is how are they going to factor in the lower price of oil. When we saw they did in june, when they had expectations for 0. 3 . Look at a price in june, the price of oil they were thinking of about 63 a barrel. They hit all the way down to 43 a barrel last mon ....
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