statoil turned in some good numbers, raised their dividend so the markets like that construction and material under pressure, off by 0.3%. let's bring in eric robertson now, who is joining us from standard chartered bank. he joins us from singapore, i believe. eric, good to hear from you. we're seeing the return of volatility in equities, also in the rates market with the ten-year yield knocking on 3%, to what degree is that going to undermine your constructive view on emerging markets first of all >> hi, sri i think there's a couple of interesting angles here. the first of which is this u.s. yields going higher in a low volatility fashion is symptomatic or emblematic of better growth. to the degree that markets are repricing for that, that doesn't necessarily have to be a negative for emerging markets. where we would get concerned is if you were to see a significant increase in rates volatility, a steepening of the yield curve, and obviously as we've seen over the last few days a fairly dramatic increase in equity volatility i guess i would highlight in spite of what we've seen on t

statoil, the biggest crude producer in europe beating earnings expectations and sending shares up byhe fourth quarter. thanks to record production and a recovery of commodity prices. it is ready to race investments in new projects and deliver more cash to shareholders. the optimism is in the drastic reduction of cost across operations forced by the collapse in crude prices in 2014. statoil can turn a profit of less than $50 per barrel, well below the benchmark it brent current price of roughly $60 -- $67. shares up by 4.6% today here mark: in the u.s. -- today. vonnie: vix down to 23. market a sighhe of relief. dollar-yen with a 109 handle, incrementally higher. a little bit stronger for the japanese yen as the dollar -- inventory data, crude oil, 6192, down two dollars. south african rand is a little bit weaker today but generally strengthening as it looks like zuma maybe going within the month. markets on this side of the atlantic, we are in the green in the u.s., a big difference from two days ago. mexico is down a little bit. some of latin american countries having a better day t

statoil is turning the page on the oil crisis. through aosts turnaround.ny is now ready to raise investments in new projects and deliver higher cash dividends to its shareholders. speaking to a guy johnson and matt miller, the statoil ceo discussed earnings and plans for the future. eldar: a lot of uncertainty in the markets. there is a strong demand. that will continue this year as well. we will see more supply from the u.s. there's more volumes coming in. that's a lot of projects will come into production on the supply side. the price willct be lower than 70. we do have a slightly stronger view in the medium-term. that is basically based on the fact that we still haven't seen the impacts of the really low investment levels. guy: your sense is that you've turned a corner now. if you read your report, if you look at your outlook, the since seems to be that the difficult period, we can now call time on that. i think the deepest part of the downturn for now is over. still facing a lot of uncertainty. this is a cyclical industry. there will be things coming u

the ceo of statoil. up next, another day of heavy trading in asia.will look at what to expect from the european open. this is bloomberg. ♪ ♪ guy: market turbulence continues but is it time to buy the debt? what promised to be recovery in asian markets has been faltering in asian trading. european futures pointing higher. the pacific is a must back to where it started. nice round-trip. says people are looking for buying opportunities. >> they are struggling with the fact that they have lots of liquidity. they feel violations have been stretched. not surprising when the s&p was up north of 20%. there were people looking for buying opportunities. when you see a big spike in volatility and might make people cautious. maybe they are looking for a second or third effect. buyings also a opportunity which is why he saw the market reaction on tuesday. guy: the view from mr. swartz. let's get the view from our team. goldman says you should be looking for opportunities here. is it too early at this point? i do get is probably too early. i think he is right that