I thought everything was better in Europe. Now it's bad again for a few hours. Later it will be better again.
I take it back, sorry. it was Y/Y.
It's called a big head fake
meanwhile wholesale beats estimates by far.
Wholesale inventories rose a very sizable 1.6 percent in October against a strong but less sizable 0.9 percent rise in wholesale sales, driving up the wholesale stock-to-sales ratio by one tenth to 1.16.Source:www.econoday.com
The ECB (Draghi) appears to have turned its back on sovereign debt.