i have a reason why quite significant was the very well-known story with the head of the central bank of germanyused who was put on the dock of the international myrhorod tribunal, but was acquitted despite the fact that he was undoubtedly one of the creators of that nazi germany that existed, that is, it was stated that it was so indisputable that he, as a government official, carried out orders in the economic sphere, including, remember, there were actually the economy was built on those people who were forcibly deported to germany for arab labor, including ukrainians, er, labor in concentration camps, and so on. that is, you cannot call him absolutely er, not involved in what nazi germany did, but in the meantime to justify him, but that's why i don't think that the sentence is waiting for bigulina, it 's another matter. from the point of view of reputation, she will have a reputation as a person you see. well, they won't be accepted in the world, and if earlier she counted, well at least they were so clear that they even expected to get some international financial institutions there, the w

and staying in germany, inflation here as fallen more than expected to 9.6 percent. removing some of the pressure on the european central bank to raise rates. now that's good news for businesses here which have been struggling under price pressure for months. now. the government has tried to ease the burden by introducing a so called inflation bonus. it incentivizes work places to hand bonuses to their employees, but for some small firms, it's simply unaffordable. without workers, the job can't get done. it's a simple truth here at machinery, make a shimmer, and elsewhere when businesses strong. the 49 employees here are rewarded with a quarterly bonus. the past 2 years have gone very well for shimmer. that's why the company has already paid parts of a special inflation bonus to its people. ambrosia, i wish paid out the 1st $1000.00 euros per employee, we can pay out up to $3000.00 until 2024 american express. it's been a popular measures and i hope word gets around and it might even help us recruiting workers. i not on that school off on fuck, if not, we perform. the workers are excited about their bonus, especially since i

central europe in germany is completely screwed. i mean, you know, when, when you look at central banks all over the world use energy, you use energy usage as a primary predictor of economic growth. and we've seen that the demand for energy is gone down. and the same time you politicians are saying, this is a positive thing that we're, you know, building up our gas supplies, in case russia hall, the flow of energy to euro. but that's a bad thing. that means that economic growth here is going to go down. that means we're going to be in a recession for years, if not decades, potentially without, you know, a cheap ration energy that we can use for industry here. and i don't see that these politicians have any leverage, and i think that this is going to usher in just the industrialization of europe as a result. well, again, you have great minds think alike that was going to be my question for tom, is this, is this a, an intentional plan to de industrialized europe on the part of the americans? tom, i don't think it's the americans solely. that's doing this. this is the, this is the great heresy. on my part, i'm sorry, as an american, i see the old colonial hand of eu

central bank next month. over in france, the cap is down, germany flat, and the spanish ibex in a similar territory. philip lane of the ecb telling the financial times that rates will have to move into restrictive territory. currently at 2%, described as neutral. economists surveyed by bluebay -- bloomberg expect rates to get to 2.5% this year. the u.s. market reopened after a national holiday yesterday. futures pointing lower by 0.3%. the japanese yen is in focus for us this week on the back of expectations, or at least stimulus -- not stimulus, there is a lot of speculation about where boj goes with their policy decision around yield curve control. 128 on the japanese yen. brent crude is in focus at $84 a barrel. goldman sachs and jeff currie saying there is a goldilocks scenario now for the commodity sector on lack of investment and that demand coming through from china. and we look at a couple of individual stories and one of those ties into that call from goldman sachs. rio tinto gaining 0.3%. they had an update in terms of iron production, an increase of or percent in terms of iron ore, and they expect incre

central bank, one of the organizations that blocks assets, the ripo sanctions group , it consists of high-ranking officials in the field of finance and justice, in particular , specialists from the usa, canada, australia, japan, france germanythe united kingdom and the european commission, the work of the rippo is not yet complete, in the coming month, the participants of the rippo will continue to track russian assets under sanctions. economist vitaly shapran - legally there is a difference between freezing and confiscation of an asset freezing can be unblocked confiscation is the final action confiscation was the first to be legislated by canada later the united states now estonia and the united kingdom have announced their support for such a concept we have introduced the toughest sanctions against russia and harming their military to the machine, our message is clear, we will not allow putin to succeed in this brutal war, how to transfer russian assets for the restoration of ukraine is already being discussed in to the european union, according to the swedish-american economist anders asunda, the transfer of funds can take place at any moment, it can be done at any time, it is absolutely clear that this money belongs to

central bank could benefit from a cautious approach. >>> let's look at markets and how it reacted today data coming out early on we had the pmi numbers out of the likes of france, germany and uk the market is turning fairly negative across the board. the cac 40 is holding out resistance there firmly above the .70 mark. on to the european yield picture. it has been interesting of late. we noted that eurozone bond yields risen particularly over the last three days. now edging lower pmi data offering weakness to those numbers. we did see the french pmi number coming out at 50.8 for manufacturing. composite number at 49.0 slight drop across the board german pmi number rising to 49.7 in the month of january. quick look at the dollar dollar weakness across the board. it is a fairly mixed picture at this point in time as well on to the futures. this is what it looks like in the u.s. we look to be headed for weakness it is a big earnings week. microsoft on deck and one we will be looking out for. tesla as well as johnson & johnson out this week. that's it for today's show i'm arabile gumede "worldwide exchange" is up next. ah, these bills are crazy. she has no idea she's sitti

central bank decisions. also a bit of a mixed picture when it comes to the earnings front as well. the data has not helped. certainly the sentiment here in europe with gdp contraction in germanying in as a surprise, just as people have started to assess whether or not germany could avoid a recession. the data comes through and poses a big question mark. in spain, inflation coming in higher than expected leading to some bets that the ecb is going to have to go further in terms of the rate. some of the strength of the early start of the session giving a little bit to the euro-dollar. a couple of individual corporate stories to bring to your attention. you have the new year -- lunar new year coming to an end. over in hong kong, they have been open for a number of days now. a big route in chinese technology shares. ryanair, this was a mess in terms of estimates putting in a slightly different category at least for now versus one of its chief competitors, easyjet which came in with a beat. ryanair is still holy to their guidance and executives saying they are still pretty positive about the year ahead. the stock is down 3%. alix: the commentary was pretty good. here in the u.s., l

germany and france and italy later this week. that could possibly send a clear message as how things are faring particularly on inflation front and what it means for the european central bank. of course, interest rates are the factor for the year as well as the fed minutes which is important for the market what message and sentiment will that send? you can tell with green across the board and uk manufacturing number, pim nmi number, with a s of negativity, but improving and it points to the worst being over frank. >> arabile, thank you. >>> turning attention back to the markets stateside. let's face it, we had an ugly 2022 investors are not out of the woods yet. the s&p has fallen in each of last three januarys and six of the last nine. according to that so-called january barometer as january goes, so does the year here is the bonus fact it is not random, but it is interesting. 2022 is the first time the january barometer worked with the s&p falling 5% before ending the year down 20%. let's talk more about this with robert teeter. head of the group at silvercrest. happy new year, robert >> happy new year. thanks for having me on. >> strongly in the green share your outlook for

inflation data yesterday from germany was a little bit softer than expected, you know the central banks this time will be a lot more cautious. they do not want to call the end of inflation having been called out so many times. traders expect these to be to stay tough for a long time. --traders expect the ecb to stay tough for a long time. david: we are probably already in a recession. >> certainly a risk if you see the growth number starting to come down but traders are influenced by what is happening with interest rates, particularly short-term. the differential between european rates and u.s. rates is narrowing because the central bank is pushing harder than the federal reserve for the time. probably the ecb will be pushing harder than the fed is. that will certainly impact the foreign exchange market a lot. there concerned about growth markets as well. traders will be watching other factors. they will be looking a central banks a lot more than economic data. yvonne: you have been writing on a blog about whether chinese equities will gain in the first quarter and whether the selling of japanese gps has life. >> we can go with chinese equities. a lot of peopl