lizzy: thanks to jennifer zabasajja. closer to home we will get the euro area deposit pmi survey later today and that should give us more insight into the impact of monetary tightening in the area. maria, let me bring you in. what do economists expect on this data? maria: we went from china and ended up here. when you look at the pmi it is a good way to get a sense of where things are. there are two themes. do we get the continuation of a real weakness that we saw play out in july with the numbers that we get today for august? there is a perennial theme about manufacturing and services. we know that european manufacturing is in a downturn in recession. the numbers are not good but what about services especially in the context of summer? that feeds into the service economy. a lot of that will feed here and the ecb looks out for inflation but we know that gdp and the overall sense of the economy always plays into the deliberations. lizzy: where will it leave the ecb and expectations? maria: that is a big question and is an

jennifer zabasajja has been well across the story. what is on the agenda for the meeting? jennifer: this is an of cans because as you mention, the brics summit is happening this week but this is the only state visit we will see this week. this is important for the two countries. they enjoy very vibrant economic relationship and they have done so for the past 25 years. on the agenda from what we have learned is figuring out how to really strengthen and develop that partnership and collaboration that we have seen. china is a important investor into this economy in south africa and vice versa. south africa is important to china. it has been china's biggest trading partner on the african continent for 13 years in a row. there's a lot of opportunity to deepen the relationship and we have seen were business leaders coming together with chinese leaders over the past few weeks talking about opportunities in various sectors. we are anticipating that these leaders will continue to talk about that and also talk about how to reduce the trade deficit in particular from the south africa

i'm jennifer zabasajja. over the next half hour, we'll