. >> picking up international growth, we go through carrefour figures. 2.7% you are watching greece. >> a government spokesman has said that they are starting to raise 2.5 billion euros. he says the offer is six times over described. versubscribed. the books open officially at the top of the next hour. all day toke get results. some people are talking about a yield of under five percent. given that the five-year is yielding 5.87%. that would be a huge success for the government, but mainly a political one, francine. >> david, thank u so much. we will have plenty more from greece. we were mentioning those chinese data in terms of trade. fell. at the same time we're hearing from the premier that says that the nation is trying to roll more policies. the markets are at ease with what we're hearing from china general feeling is that, of course, china is slowing. we have unexpected figures below expectations but at the same time because it is still not integrated in terms of the world economy, and the government has such a big handle on it, they can manage this. >> everybody is giving chin

it is about a third of the size of carrefour. they have had a much weaker baseline. >> he's desperately trying to focus at last, are we getting a ringing in the tills? they have been trying to ring clothing up to date. to likeout .6% like sales clothes. that is the first time we have ever seen the government's focus on clothes. usually it is general merchandise -- clothing homew ear. yes, clothing is the best in three years. a nice record numbers of dine-in for valentine's day. record chocolates and flowers for others a. but general merchandise -- growth margin is down. we have seen profitability being hit. general merchandise down for the 11th straight quarter. no great overhaul in the u.k. signs we're getting near to the turnaround. >> lots of ability to our headlines. retailing is falling. >> exactly. >> boom boom. >> having fun with this one. >> interesting points for international growth for marks & spencer. largest ca's lothing retail. it is competition. h&m. they are making inroads into asia overall. wearow price point cas

also, sales up at the french supermarket carrefour.hings looking up. >> things looking good for the luxury sector. it remains resilient the crisis. sales in europe were resilient despite the still challenging confinement. the same square driven by strong demand in the united states and also in asia, lvmh put a 6% growth on the quarter. the main one for lvmh posted a 9% growth thanks to the new creative director of louis vuitton. then we have wine and spirits sales dropped 3% mainly because of the restocking effect in chi china. that was for lvmh reaction. the stock is up more than 3.5%. on the other side of the board, carrefour trading lower after the company posted a 3.7% decline in sales for the first quarter. this is due mainly to a strongly negative currency effect. excludeing negative -- excluding currency on petrol sales. organic sales were up 7% in the quarter. that was in line with expectations. in france, the key metrics for q4 remains. they were up on 0.070%. it posted 1.4% of growth in the fourth quarter of the last year. th

we have a little bit of news on carrefour. stock off half a per sent. bouyges in talks with free about selling their telecoms business. apparently on the phone trying to get a better bit. sports direct, a huge retail outlet here in the united kingdom. the chairman, mike ashley, very well known football man. he sold $3.2 million worth of stock apparently. when the main man is selling stock, maybe that is an indication. morgan stanley, maybe this is their worst pick on the commodity. they say price also drop the next four quarters. nymex crude, inventory data. we're expecting gas inventories to drop. >> thank you so much, manus. manus cranny with the latest on the markets. joining us is the chief investment officer at r.t.a. bone management -- rathbone. good to have you on the program. talk to me about market trends. we have the selloffs in tech. some say this is usually some kind of bubble bursting or it may be a little bit of nervousness from the investors and it may be a good time for investors to go back into certain areas of tech. >> we're getting ba

in carrefours. at 1.3 billioned euros in yesterday's close. a billion fine after a diabetes mayor -- medicine fell as much as seven pennant -- a 7.8% in tokyo. welcome back to countdown. it is 7:13 in london. despite emerging-market volatility, our next guest says emerging markets are still the place to invest. for more, we're joined by therington. alanis changed since january. sentiment has reversed, hasn't it? >> we had nearly two years of outflows from emerging-market equities. just in last few weeks you've seen money starting to come back into it. >> was behind the first change in two years? >> a couple of things. in the first place, valuation. people recognize that emerging markets are cheap. pessimists would say they're cheap for a reason. coming. equity market off its peak a little bit. people are looking for alternatives. there've denver well in developed markets and are looking for other places. >> you've have done analysis and could have high double digit returns over the next 12 months. back then up for us. >> if history is any guid