we'll speak with former atlanta fed president dennis lockhart about what today's report could mean for powell rate hike strategy and playbook. >>> first, a check on the overnight action in asia mostly red with hong kong and south korea falling more than 1% the hang seng in hong kong down nearly 2%. trade is getting started and kind of going in europe right now. we're in the early hours of it right now. german cpi data out this morning. up 10% year-on-year. the highest in 70 years. as we spin over to europe, it's speckled mostly green but fractional gains and losses. the german dax up, the ftse 100 and uk up and the cac in france up. >>> the europe blame game shaping up after last week's fiscal policy breakdown and central bank action. julianna tatelbaum is standing by in our london newsroom with more >> good morning. the volatility in uk bond markets continues. the bank of england ramped up as pensions have until friday to rebalance positions. daily purchases came to 4.4 billion pounds bringing total buys since they expanded intervention to include bonds on tuesday to nearly 8 billion