Youre watching Worldwide Exchange, bringing you Business News from around the globe. Warm welcome to todays edition of Worldwide Exchange. Plenty to get through. We start off with perhaps europes most important economic indicator. Its come in 10. 4 in may, below the consensus number which was 110. 9. Current conditions index, 114. 8. The Consensus Forecast was 114. 5. The german expectations index, 106. 2 in may. The Consensus Forecast, 106. 6. The april number was 111. 2. We have dipped down from that. A lull theyre talking about seeing in the German Economy in may, no revisions to the april indices. Euros been weaker ahead of this number and indeed it is ticking down again. Down to 136. 36 is where we stand at the moment. We are at fresh 2 1 2month lows on euro dollar on this lull. Joining us is christian schultz, senior economist at beringburg bank. Your reaction to this . The pmis yesterday paint maybe a slightly different picture. Both indices show the German Economy is growing at
contracted at least contracted by the least amount in three months. the news is supporting some hopes that the world s second biggest economy will avoid a hard landing opinion guys, that s why we re seeing green arrows once again. and one of the big stories this morning, eu anti-trust regularitiers wronging the merger of nyse euroneck and deutsche boerse. the nyse says in light of the decision, it is in discussions to terminate the merger. meantime, it s planning to focus on a stand alone strategy, announcing a $500 million repurchase program. nyse s ceo, duncan niederauer is going to joins. i was with duncan in davos. i think there was an expectation that this transaction would not go anywhere. i m not sure that there s that time options for them. at the time they pursued this transaction, there was a lot of consolidations. the london stock exchange wag tries to do a deal. none of those deals came together and i m not sure we re going to necessarily see this all rev up a
they are refusing to leave saying this is the last day of president mubarak s rule. they say they won t go until he goes. today, the military is letting the protests play out, but locking down tahrir square. troops strung barbed wire across the streets and put up security checkpoints. people stood in long lines and were forced to show i.d. inside tahrir square, protesters are surrounded by burned out cars, armed with rocks and metal shields to fend off attacks. yesterday violence erupted in the square. heavy gunfire heard across cairo. journalists also under attack. this is a violation of international norms that guarantee freedom of the press and it is unacceptable under any circumstances. protesters claim mubarak s supporters sent paid thugs and plain clothes cops into the crowd to cause chaos. this is what they do. the demonstrators not only want mubarak to step down, they want him gone from egypt. mubarak says he s fed up and has intention of quitting before septe