send in your questions to mike bell the e-mail is street signs europe@cnbc.com and tweet me at carolyn cnbc. we'll be back in 2. >>> hsbc has cut the burberry stock rating citing lack of top line visibility. it comes amid a challenging time looking for a fallen four year profit and is waiting for the revival. and the managing director of the international monetary fund says current organization is willing to go up to the next round of the bailout. she said the imf is prepared to give creditors more time to agree on debt relief measures. it will improve the payment of the bailout. the ecb's latest monetary policy decision due on thursday. the european central bank is expected to acknowledge the improving european growth outlook but it's not on interest rates. is this when it needs to be a little bit more hawkish? >> hawkish is maybe a little but much but i think less dovish. they remove their bias and balanced in the outlook and remove the language specifically. clearly survey data and pmi data and quite meaningly to the upside and not the down side but they'll be more balanced in the outloo

interesting how it responds particularly on the markets, want to turn our focus, cnbc's carolyn rothndon. what can you tell us how this is playing out on international markets. >> look, when it comes to international markets, one commodity we always look at is oil prices. we saw quite a jump in oil prices. that moderated a little bit. oil prices up by half of 1% when it comes to crude. because of the geopolitical risk premium added to the price of oil. obviously this is a result of the lopping simmering tensions seen between qatar and other gcc states. i should add, though, qatar itself is not a major producer of oil but it is the biggest supplier in the region of liquefied natural gas and big supplier of condensate. doha main equities index down as much as 8% at one point this morning, last time i checked off by 7%. quite a big hit there. when it came to equity markets across the region in europe, we are lower. hard to say whether it's the qat qat qatari impact or terror attacks. back to you. >>> up next on "morning joe" more on the london terror attack as police continue to carry o