thought the economy was actually in good shape which now i'm concerned what might happen at united on a. simple profit taking automated sell orders whatever the reason it all began in new york and where it started there was some worried faces on the floor of the frankfurt stock exchange earlier in the day a financial correspondent daniel cole was there brian. i saw the panic of the panic in the face of investors this morning when they were fearing that we would see either a major correction happening at the stock exchange here in frankfurt or even possible a crash in early trading the roots have in the exact was even under the magical mark of twelve thousand point drop in between six and eight percent but then investors were thinking again with their brains shares were dropping but not as strong as they were actually predicting it seems that investors were remembering that the worldwide economy is doing strong they don't have to fear that we might see a recession happening and many investors actually told me throughout the day that this correction that we have seen throughout the day was even healthy

the economy was actually in good shape which now i'm concerned what might happen in the united on a. simple profit taking automated sell orders whatever the reason it all began in new york. and let's move away from the equities hangover now german prosecutors have raided offices belonging to high end common audi in the southern german states of bavaria and bars in the uk prosecutors say the raids on a private home and offices focused on freely to diesel motors sold on the european market the allegations of fraud and false advertising relates to more than two hundred thousand diesel vehicles sold since two thousand and nine over a dozen people are now under suspicion prosecutors say most of the people targeted were engineers in engine development for germany's biggest industrial union has reached an agreement with employers ending a dispute that led to a series of walkouts last week the i.g. matal union and employers in southwestern germany have agreed on a four point three percent wage hike the deal also allows more flexible working hours it covers nearly one million employees and could be extende