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That's seven points -- down sixteen -- down 23 but for more on those European markets now let's go live to London where we're joined by -- big market analyst for IG.
Alastair German producer prices fell for the third consecutive months now and April and economists.
Are predicting that we'll see a modest inflation -- -- for consumer prices as well so does this increase increase hopes for more stimulus in Europe given the low threat of inflation.
In its biggest economy.
I think arguably.
The European Central Bank -- to an extent that the bank of England and well.
But being that -- pretty helpful hand as far as that inflationary pressure is being consent.
And arguably a lot of the credit for this needs to go to -- the US dollar and be the commodity prices out that both of which have I've moved considerably.
-- helped ease the pressure as far as inflation is consent.
Yes it does open up the possibility and -- untie the hands as far as the ECB's consent in regards to them possibly.
Bringing a little bit more stimulus not just interest rate cuts -- stimulus to the eurozone economy.
And Vodafone has -- its first ever fall in annual revenue blaming the recession in Southern Europe how more recent visit.
When people start cutting back on something as basic as phone calls.
Yeah I it's the Southern Europe pace set as really had dragged to the ever defend figure is down in fact if you look at -- -- -- you can pretty much just split it down that the Atlantic quite frankly US stars on behaving very well six point four billion pound.
Dividend -- into -- -- effect and sales and revenue in Southern Europe down sixteen point 7%.
When you look at the unemployment levels in Spain and say it silly I guess it's not completely surprising.
Aren't McAllister McKay get -- in London we appreciated Alastair thanks where there.
It's associate and.
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