and of course that still merger is also a major talking point in frank church where danielle corp our correspondent is joining us now daniel what are investors there saying about of the mega merger and what it does to the workforce when investors here at the frankfurt stock exchange are clearly saying that this is a very good idea because we know that the european steel business is so i under pressure because of all this dumping steel coming from china we were a member of that from this year on china's companies do have to pay an extra tax when doing business with the european union and that they also announced in the past that they might close up to six hundred you know steel facilities but still you know it's a business very much under pressure and the idea now to be joining another steel giant experts here clearly say that this is a very good idea but on the other hand you know we do have to talk about the worker unions they have announced that they might even vote against this merger and the next board meeting of course is most likely just to have you know a symbolic character or.

those negotiations as far as briggs it goes as a whole are dragging on let's get an update from daniel corp our financial correspondent in frankfurt daniel i know things a slow but we already getting some clear winners and losers out of bragg's it. well i guess just like the fisherman that wages surgeon you know report you know bracks it is still a topic with so many question marks also here for investors on the trading floor but what really seems to be the case that the countries who are going to remain in the european union are going to benefit we got very interesting numbers today from the center of european economic research they are always doing a survey and kind of an indication of how the next six months off businesses are going to perform and on a scale with twenty points the european businesses are actually all ranked right now with seventeen points that even made investors you surprised they were expecting a number roughly between ten and twelve points and the big winners right now are mostly banks and financial institutions who are really getting stronger with this. with this neg

those negotiations as far as briggs it goes as a whole are dragging on let's get an update from daniel corp our financial correspondent in frankfurt daniel i know things to slow but are we already getting some clear winners and losers out of bragg's it. well i guess just like the fisherman that which is surgeon you know report you know breck's of the still a topic with so many question marks also here for investors on the trading floor but what really seems to be the case that the countries who are going to remain in the european union are going to benefit we got very interesting numbers through today from the center of european economic research they are always doing a survey and kind of an indication of how the next six months off businesses are going to perform and on a scale with twenty points the european businesses are actually all ranked right now with seventeen points that even made investors you surprised they were expecting a number roughly between ten and twelve points and the big winners right now are mostly banks and financial institutions who are really getting stronger with t

a new european banking giant following let's go to the german financial capital frankfurt what daniel corp is standing by what truth is there to the rumors. well when you talk to experts here on the trading floor they're pretty sure those rumors are actually true even though we're hearing from the finance minister you just mentioned that no clarification yet but actually you know it makes sense the german government was jumping in when all of the banks were in this big financial crisis they jumped in by that time with more than five billion euros now we're hearing that by selling shares they could at least get some of their money back around three point two billion euros are in the discussion and you know when you talk to investors here on the trading floor they are very much excited about this new shares of. where one of the strongest winners today here on the trading floor they were up at some time with almost four percent and this is also happening of course after the latest decision yesterday for higher interest rates in the united states coming up most likely in december so daniel how