brenda kelly joins us for a look.renda. >> hi. >> so after the disappointment of last week's g.d.p. data, what new light will today's p.m.i. data shed on the euro-zone economy? >> we're expecting it to remain at the 50 mark. if you look at the p.m.i. over the first six month s of this year it did not represent what the growth was. we can't separate r for the time being. i feel the effects of these russian sanctions and the bite out of the german economy has yet to be reflected. that might come to pass in the composite number today. >> that means that mario draghi will have more of the spotlight on him tomorrow when he addresses the jackson hole symposium. q.e. , i know it is the most boring question in the world but are we closer to it, outright q.e. or not? >> i think we will get q.e. we're seeing peripheral bond yields falling. i think it has been priced in a little bit too quickly. mario draghi is -- we want to see the june policies actually take action beforehand. you also have the ltro's taking place in the first