And theres confidence in the banking business. Announcing plans to exit this year. Announcer youre watching Worldwide Exchange bringing you Business News from around the globe. Pretty tepid for equity markets. We went home thinking a deal would be done in the United States. U. S. Senate talks on a Government Shutdown may be stalling. Senate majority leader harry reid still sees a chance to break the impasse before thursday. He spoke with Mitch Mcconnell sunday saying talks were substantive. Reports now Say Senate Democrats say any debt deal not lock in further sequester budget talks which the gop wont accept. Congress will be in session today even though its a federal holiday. World leaders are urging a deal. Christi Christine Legarde is warning of the problems. If there is a lack of trust in the u. S. Signature, it would mean massive destruction the world over and we would be at risk of tipping yet again into recession. Yeah. Session here though on the trade for european equities were
Of delivering what we said we would deliver. What were saying is our guidance remains unchanged as a result of doing this. We dont think weve overpaid. The swiss market has caved in to carl icahn. Theyre paying a dividend for the first time in two years. France says its not standing in a way with a deal with iran after being blamed for stifling six Party Negotiations over ending the countrys Nuclear Program. U. N. Claims some 9. 5 Million People in the philippines have been affected by typhoon haiyan. Up to 10,000 people are estimated to be killed in the city. Its been hampered by disrupted access to remote communities. We have more from manila in this report. What we know is that this is an unprecedented Natural Disaster for this country. Now theres really no stranger to extreme weather and earthquakes. Even seasoned officials are shocked by the severity, especially of the storm surges that were caused by this super typhoon and its created what many are describing as sue nam any type
On the high street with them falling near the stock 600. And the Prime Minister tells cnbc exclusively the muslim brother is no longer welcome in his country. Physically, they feel more and more excluded. They are in a state of denial, so they are really stuck. Hello and welcome to the first Worldwide Exchange of the week. We kick off the data out of the eurozone, we are unchanged from the estimate, 52. 1 in december. 52. 1 in november. Enjoying a fairly strong finish to 2013. So new orders in at the fastest pace since june 2011. The Employment Index hitting the 50 mark for the first time in two years, that means employers are hiring people just as many as they are lagging off. But france seems to see the flash repeated. Theres a better number out of spain as well. Euro dollar at 1. 3601 away from the number we hit weeks ago. Well get thoughts from kathy, is sturgon manager. Happy new year. Happy new year. In 2013 there were russian consultants in europe and core europe. Now its really
Package rounding up spending. It helps the countrys Railway Stocks steam ahead. Imf Christine Legarde urging policy easing. And stronger data helps appreciating stocks to the longest rally in three months. The dow flirting with a new high. Announcer youre watching worldwide exchange, bringing you Business News from around the globe. And welcome to todays program. We are just over an hour into trading during the european session at the moment. You can see on the stoxx europe 600 currently, advancers being outpaced by decliners by around about 5 4 at the moment. Lets show you where we stand. We hit the session lows just a short while ago. Yesterday, the ftse 100 was up just six points. Right now, its fairley flat. We have Services Data coming out of the uk. We had the latest composite services pmi ticked down 53. The flash is 54. That drives the composite on the dow 54. 3. We get the collective eurozone number in just a few minutes. Head of the ecb meeting later today. Under pressure to
In the sector slowed to a threemonth low. And indias headline inflation up at a 14 month high increasing expectations that the rbi will hike rates again this week. Announcer youre watching Worldwide Exchange bringing you Business News from around the globe. Well, welcome to the first Worldwide Exchange of the week. We kick off the latest survey for Business Activity out of europe. The eurozone december flash composite pmi up 52. 1. Stronger than the reuters poll of 51. 9 and its stronger than the 51. 7 in november. But when you dig into that, theres once again sharp divergence here between germany and france. These are two countries that we will individually detail. The composite for december 5rks 5. 2. November, 55. 4. It was again very strong. Then you break down the french number. The french pmi number down to a seven month low. 47. 48 in november. Rob is a senior economist at market. He joins us now. Good to see you. Is france in a recession . It very well could be. It fell in the