julius baer saying that inflows at the mid range on an annualized basis. let's talk about the markets. oil is up. anna: we are straight into the swiss business day, let's talk about oil. manus: all aboard the great opec bust. that seems to be the sentiment in the market. template 5% on the price of oil last week. around $50, this is the momentum,. rigs has number of had the longest run of gains since august, 2011. it's the direction of travel. no matter what they seem to do theyen opec and non-opec, have got to get themselves a little bit more aggressively poised to reconcile their cuts, and that is the direction of travel. anna: we will have more on that fantastic interview on the oil story later on in the program. let's get the risk radar and show you where we are on asian equities. oil majors doing quite nicely in the asian session, up by .7%, s&p futures are pretty flat. on thataway, news domestic front, although the comey news flow could resurface later on today. we will get fed minutes on wednesday, 80% chance of a hike in june. manus: let's talk abo

. >>> and the surge in inflows on a strong market with julius baer rises 6%.ulius baer said its extensive hiring of private bankers in 2016 insured net inflows hit its targets. >>> and shares surged. they're investing a possible share slot. analysts at hsbc have raised their target and held it to 17.20. >>> aegon has announced will sell its insurance to wilton re. the dutch company said it expected to book a loss on the transaction of about 270 million euros. but it added the move improve solvency by 6%. we've got a lot to talk about, a lot of deal talk happening here in europe. good morning. thank you for being on the show so much as ever. there's a lot of market debate to where we are in the business cycle, given the m & a talk and the strength of the earnings. some say margins will continue to expand from here. some say we'll ride it out. where do you stand? >> i think we're definitely recovering in europe. for one person's increase in europe, it's increased to over 2.5% compared only 1% in europe. clearly, the political risk has been off. we're not seeing