the ftsi 100. dax out performing. the french cac forty and the ftsi mib. the dow crossing above 18,000. higher by about .6%. this boosts the s&p 500 and the nasdaq as well. s&p. and remember, energy stocks one of the biggest gainers, despite dip in the oil prices. different look this morning. wti and brent both moving into the positive territory. 1.4% for brent. 1.3% for wti. and this comes after the steep drop off in yesterday's trade. the move higher is partly waged to an oil worker strike in kuwait. moscow is now considering increasing ill production. that's right. and that 540 million tons of output is a realistic level. hadley has been following all the developments in kuwait and joins us now. >> reporter: hey. i'm standing just inside the union of oil and gas works outside of the kuwait city. and this makes up about half of the work force here. what i'm talking about right now are kuwaiti nationals. at the end of the day the workforce, the rest are expats and they are still on the job. the government says that, you know, if this is a fight about sala

barclays top gainer on the ftsi 100. investors shrugging off a miss in pre tax profits of 793 million pounds. ceo jesse daily has said the lender is making good progress on its restructuring program laid out in march. >> q1 revenues in the face of what it described as testing market conditions. and commented on a proposed merger preparing shareholder documents and will update the market in due course. >> stocks fell 28%. the owner of ar gas say it is ready for a good future. >> ant shares trading lower. and likely to remain subdued they warned in the near term. >> joined by henry dixon. fund manager at glg. we know this is a restructuring story. is it the numbers or is it the fact that they are accelerating selloffs? >> i think the keeping in the numbers. the revenue did came in a little ahead. parts of the non core business. i think probably investors would like to see the business maybe without in a couple of years time. the other thing i think standard charted did please on the capital build here. at 11% you have a ca

and as we look at things the ftsi taking into the count european asian gains is at its highest level of the year this morning. and with -- >> it is a global equity party. bank of japan governor kuroda said something. and could lead to further easing measures. corro kuroda said the central bank was not targeting the exchange rate. but continuing to monitor the movements. it's become a nearly nightly activity for the comments. is it japanese yen is stronger for the year but overnight a little weaker. >> i think it shows change of tact. kuroda used to love and surprise the market and maybe it's a desperation to where he's having to come in and make so many comments to try to control it. >> good point. >> south carolina central bank keeping interest rates unchanged. also we saw the australian central bank not change rates and that saw the aussie dollar rally as well. and apart from the yen, as the day of u.s. dollar weakness again. >> you are also seeing rally in mining stocks and underlying commodities. silver at something like a four month high. oil is rallying again. boston fed presid

the ftsi mib in italy off and the blah blah. >> it is friday but there is still a lot on today's agendaget the results of the purchasing manufacturers index for april. at 1:00 p.m. eastern we'll get weekly rig count numbers. and on the corporate front caterpillar, mcdonald's, general electric, just some of the names before the opening bell. >> it is early on. but still the idea that we could be seeing at least an earnings story play out where we continue to see that earnings recession play out. a sales recession for s&p 500 companies. so a big move. and a number of big stock movers. microsoft. shares under pressure after falling short of estimates for the first time in nearly two years. the cloud business couldn't make up for a slowing pc market. still satya nadella sounding upbeat. >> the cloud is being built to optimize and grow. with our results this quarter it remains clear we are one of the two leaders in this market. >> microsoft shares have gained 31% over the past year. they are up 16% from their february lows. a big move here for a tech giant. >> and alphabet shares also under

ftsi 100 and italy both positive. italy with a gain of about 1.5%.y declines in asia defined by a stronger japanese yen which's something that's been plaguing the japanese stock market. gains in hong kong and shanghai by about .6 right now. >> oil prices had a fantastic week last yeek. gave up some yesterday but bouncing back today at 4 .84. blent up about .4%. the pound has just hit a ten week high. it's stronger against the euro and the u.s. something today. the latest polls have shown the remain camp doing a little better and the pound moving up .6% today. a ten week high, 1456. quick look at gold prices. and we're looking at slight declines of .3%. 1235 for gold price. >> on the agenda it is a busy one. the federal reserve kicking off a two day policy meeting. a decision on interest rates is due tomorrow. no change is expect bud of course traders will be parsing that statement for any clues about the net's interest rate increase. today is business for earnings and economic reports. starts with march durable goods. orders for big ticket items have

ftsi 100 off just a little. and more. let's look at the sectors one by one.o sector all morning without a doubt the real drag here across europe. autos off about 2.7%. daimler sharply lower. some disappointment around the margins in particular. a lot of high cost but the real concern with daimler is the announcement it is taking on an internal probe into the way it does report on exhausts for emission standards. that is at the request of the doj but not a formal investigation brought on by the doj. and we want to see how this is taking a note from the asian market. here is sri jegarajah in singapore. >> 11.5 week highs at the settlement before the nikkei. interesting price action in the run up to the close. we got a report saying the boj may be open, may be considering negative rates on the lending program for if financial institution. so if there is substance on in this does change the game somewhat. because heading into the boj meeting april 28 next week to all intents and purposes a lot of people were expecting a ramp up of qqe be it in jgb asset purchases

. >> the ftsi off about .7. the xetra dax and cac 40 both lower and the ftsi mib by .6%.verall a solid month but on the last day of the week and month we are off across the board. >> we are indeed. if i say -- what do you say? >> tigers, lions. >> puma. -- plus their women's business will help overcome the impact on the strong dollar. the puma ceo on the line. good to have you with us this morning. first quarter profit and sales slightly below consensus. confirming cautious outlook for 2016. why the caution? >> -- hello. i think we said at the beginning of the year we were looking at -- sales growth. coming from the time when the brand didn't do really well. where we are and where we should be and -- >> what are you doing to offset this very strong dollar? >> a combination of many things. of course in the european market there are price increases we do to try and get a little bit in trade. and we try to be efficient in the way we work. there have been a couple of things, raw materials because of the weak oil price have actually become cheaper and transportation costs, shi

the ftsi 100 higher. bp helping gains there. ftsi mib out performing here. the individual sectors. a bounce in oil this morning too. not sun sector actually now in the red. so all gainers today. oil and gas higher. something something. will be talking about that also in the show. lowest gainer this morning. obviously the story in foreign exchange is the dollar. very different story what we saw in last week's session. i want to point ule couple of these. sterling ten week highs this morning. saying the probability of the uk deciding to remain in the eu is now at 72%. that is up 10 percentage points since before president obama came and talked about the risks surrounding brexit. something something something. analysts saying they were not expecting anything from the bank of japan on thursday. but something goes back to 110. we singapore and asia now. >> we were tracking some losses for asian equity markets throughout the course of the session. investors indeed positioning ahead of the boj meeting and also analysis from the fomc. the nikkei 225 now, the market sitting down half a perc

the same for the cac and the ftsi. deutsche?> defined expectations of a loss in the first quarter. this despite a 58% drop in net income. we always knew this was going to be another challenging quarter for deutsche bank. they are in the process of restructuring. we've seen that. but obviously what we've heard as well from the banks is that the trading income thanks to the volatility in the first quarter was always going to be a problem. trading revenue down 29%. just wading through the number this is morning and despite a boost that we've seen this morning, i still don't find anything really that positive here. they struggled with the investment banking. the -- was down in the first quarter. >> drop in the profit. 58% draft. revenue drop at 22%. look at the core business, precisely investment, corporate banking. 15% drop still. it looks pretty negative out there. the ceo saying financial markets remain challenging in the first quarter. talked about the global environment once again. the it platforms, if we have to look at any po

germany france, if ftsi 100. spain eking out a slight gain. asia a little more pronounced.ticularly in china as you can see there. shanghai had rallied. no real reason there for that decline today. the nikkei is up. something something something. both showing risk off sentiment. however the nikkei eking out a slight gain there. >> a drop in oil prices. among the reasons for the pullback, kuwaiti oil workers ending a three day strike which had cut production by nearly half. in the meantime back in the u.s. date late yesterday showing stockpiles rose last week. where do prices go from here? we're looking at 2.4% decline on w tti. >> we're concerned about the demand side of the story. especially closer to the end of the summer. we're going to face another season where there is not really peek demand. we see prices averaging during the quarter and then moving up by the end of the year. >> commodity price volatility will encourage something in the oil and gas sector. i would also note the dollars strengthening. after a 7 month low last week. that is on the rise. >> the bottom li

the cac 40 basically flat and the ftsi nib holding on. >> a former footballer. he's played with and against some of the greatest players in the world of football and he's definitely got sporting swagger. steve sedgwick, we're not talking about steve. but he is with -- >> we're joined by sol campbell. in addition to all of what you just said. 73 caps for england as well. one of the most powerful defenders england had in the last 20 years or so. really nice to see you. look, we're a business channel. we cover economics and politics, and you waded into all of those areas as well. a perspective -- there are too many very average players in europe and maybe a brexit will actually solve some of those issues. >> i think it is all about quality really and all about control. when i started there were few scandinavian players now. and i don't players at the top going out and finding those top world class players, but for me it is all about the british players growing up through the ranks and having that opportunity. having the opportunity to succeed or fail. where you hav

ftsi 100 also down 1.4%. >> and oil touching its highest levels so far this 2016. crude up a fraction of a percent. in early trading. crude reached those highs after the dollar weakened following the fed's indecision yesterday afternoon. the dollar currently is down by about 2.8% right now. 108 is where it is right now. gold, quickly, is just up a touch by .75%. >>> facebook shares beating the street. up sharply, as you can see 8%. 1.7 billion monthly active users. >> now more than 3 million businesses are using our advertising products every month. we've expanded our measure capabilities and we've made it easier for small and medium businesses to do the same targeting tools and formats our larger advertisers use. >> -- the facebook founder is planning to give away the majority of his wealth. >> we're focused on long-term. that is the main reason for today's proposal. facebook has always been a -- company so we can focus on hur mission and build long-term value. early on we received generous offers from companies trying to buy facebook and our structure helped us r

we're a touch lower overall here. .3 for the ftsi 100. the xetra dax lower by .1 of 1%.he dow 50 day moving average line crossed above its 200 day moving average sfiing a golden cross.ignifying a golden cross. cnbc was exclusive broadcast partner of allocator in london last night. cohen caught up with some them. >> nobody know what you are speak about when you talk about --. but nowadays i think that it has becoming a new asset class that is growing very fast year by year. >> we think the pricing surrounding brexit and the pricing surrounded a chinese devaluation of the best opportunities for what we do this year. >> when you say pricing around brexit what do you mean? what's pricing to the currency? >> yes. what's pricing to the currency and we think that's very interesting because we think the market has significantly underestimated the damage that will be done in the event of a decision in the referendum to exit. and that the henli inghedging n the commercial community haven't been met my by any stretch of the imagination. >> the dollar for one. other countries, swede

as the cac in france, the ftsi down by .5%. >> a drop in oil prices.mong the reasons in pullback, kuwaiti oil workers ending a three day strike which had cut production by nearly half. in the meantime back in the united states data showed that stockpiles actually rose last week. despite all you see oil prices down about 2%. >> the biggest intel earnings topping estimates. that is the good news, revenues were in line. the chip maker giving weak current quarter revenue guidance and as a result cutting its full year profit margin outlook. shares under some pressure. but intel also announcementing it is going to be cutting 12,000 jobs globally as it works to diversify away from the struggle pc industry. >> this restructuring is a tool to do that. and what it allows us to do is to be more forget, to be more profitable and to increase investments in some of these new areas, things like the data center and memory, internet of things, 5g and opportunities in the client space where we can concentrate investments on areas we think we have great return and can ge

the ftsi up about a .25%. and the italy index about 1.5%. and spain just over 1%.nd up about 0 30 cents. brent up about 33 cents. >> couple of big stories this morning. bp reporting overnight. quarterly profits dropping 80%. that topped expectations, oddly enough. the company says it now could cut capital spending further as a result. ceo expecting prices to recover towards the end of the year as pruszers stop work on fields and demand strong returns. >> also dupont is raising its full year guidance. the chemicals and seed producer planning to merge with dow chemical but last year regulators needed more time to review materials related to the deal. and today we're expecting results from dow components 3m, numbers from pharma company eli lilly and hear from its chairman and ceo at 7:30 eastern time. >> and facebook is reported by developing a camera app similar to snapchat. the social network's goal is to try to increase user engagement. facebook is also reportedly working on a feature that will allow a user to record video through that app to begin live streaming.