1. 1783 the efo has been hitting record highs for the past three months. So maybe this pullback was to be expected the german august efo Expectations Index came nat 107. 9, with a forecast of 106. 8. T lets get reaction from Nicholas Brooks the German Economy seems to be firing on all cylinders. Are you worrying about a dip in the efo index . Not at all. Weve seen strong data coming out of germany and europe as a whole. So one data point these numbers are volatile its off maybe shortterm traders will look at this but in the medium term, it means nothing. Especially since the pmi data out of germany was strong. We saw that jump in the manufacturing pmi and across the board in europe we saw after a bit of leveling off last month, we saw a comeback. That makes a very clear picture, very good justification for the ecb to taper, doesnt it absolutely. Thats what they need. The ecb needs to taper for technical reasons as well as economic reasons technical because of the scarcity issues . That
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