This will lead to rising unemployment levels in Germany.

If this trend [in jobless claims] continues, September payrolls will surely fall outright, and the bizarre drop in the unemployment rate in August will reverse.

No one of these bloody jobs exist do they? Christ, y'just stick them up there to take the bare look off the walls.

European markets are set to follow the outlook for the dollar. The dollar is getting stronger and European currencies are weakening and that is probably taking European markets higher again.

The euro has clearly accelerated some people's focus on cost-saving synergies.

It's very quiet and lackluster. I was looking for the markets to come up slightly because of a modest rally in the Deutsche mark-dollar. But even that has started to come down again.