dax closed down in negative territory. also the fact that there's a holiday on monday in new york. one of the bigger gainers has been the share of commerzbank, due to speculation about job cuts -- massive job cuts. it lifted shares because traders and investors said the cost- cutting program is necessary. >> let's get a closer look at those market numbers for you. it was a down day in europe. the dax was down by almost 0.5%, and a similar story for the euro stoxx 50. in new york, trading still under way for the dow jones industrial average, and it is not doing a lot. very little change. the euro trading for $1.3323. >> the chairman of a german steel producer has admitted to making mistakes, saying his supervisory board could have done better, but those mistakes have led to some huge losses for the company. >> the executive dick -- the executive is accused of failing to stop multi-billion dollar projects that went wrong. >> shareholders and employees are pointing the finger at the supervisory board chairman. they accuse him

dax closed down in negative territory. also the fact that there's a holiday on monday in new york. one of the bigger gainers has been the share of commerzbank, due to speculation about job cuts -- massive job cuts. it lifted shares because traders and investors said the cost- cutting program is necessary. >> let's get a closer look at those market numbers for you. it was a down day in europe. the dax was down by almost 0.5%, and a similar story for the euro stoxx 50. in new york, trading still under way for the dow jones industrial average, and it is not doing a lot. very little change. the euro trading for $1.3323. >> the chairman of a german steel producer has admitted to making mistakes, saying his supervisory board could have done better, but those mistakes have led to some huge losses for the company. >> the executive dick -- the executive is accused of failing to stop multi-billion dollar projects that went wrong. >> shareholders and employees are pointing the finger at the supervisory board chairman. they accuse him

the dax up 4.5%. shanghai up 8%. you know, sharp -- >> it was a risk on quarter last quarter. >> not for u.s. stocks it wasn't. >> well, everything's relative. sorry, you did start comparing to get us out of the market. i'm taking on this field. >> yeah. >> why did europe help, the banks. our r eurozone banks -- are eurozone banks going to continue outperforming? if i'm interpreting correctly, the eba came up with 4.5 trillion euros of bad debt that may yet have to work through european bank system. so it -- so on a relative basis, i think the u.s. is still growing. does look still quite attractive. within a backdrop of not really attractive markets. if you look at economic fundamentals. you in this may change in the second half of next year. we may have a full-on, let's go for the cyclical stocks, let's look ahead to the next global upturn. it's premature. because it looks wonderful day to day, it's premature to see it will last for six, seven months. >> i think the issue is if the u.s. grew 3% this year and europe

the dax in particular is down by 11.25%. it's a big move for germany and it's led in part by what's happening in deutsche bank with those shares down more than 3%. we're seeing pressure on the ibex and the cac down .8%. the ftse is down by .4%. i want to mention one name in particular here. and that's megette. it makes the charger for the batteries on boeing dreamliner 787. it is working with u.s. officials as that investigation continues, but it is one of their arizona-based subsidiaries. those shares are down about 0.3% today, but they are up since news of those incidents in japan grounded aircraft on january 7th. over here, sab miller, we'll get into this also in just a second, but those shares up 0.7.% after reporting that sales volume necessary china and across asia were weaker than a lot of analysts had expected. shares nevertheless moving higher. we wanted to show you swatch and richemont. talking about weakness in asia. now let's take a quick look at bond rates and focus on what's happening with the core and the peri

the dax up 29% last year. the ftse right now up 4 points. next this four, the dax off 9. at this bex down .8%. the ftse mib, down 50.1 points. we saw yields lower in italy and spain. a little higher today. nevertheless, spanish yields 5.05%. ten-year italian yields, 4.3%. treshy yields, 1.8%. dollar/yen this morning, 87.14. kind of where we were this time yesterday. saucy dollar/u.s. dollar 1.0503. doll sterling/dollar, 11.6236. euro/dollar, 1.3166. kind of where we were yesterday. asian markets in china and japan will be catching up on news on the u.s. fiscal cliff deal. we'll get december sales figures from japan's retailing. the owner of stores are set to release its q1 earnings today. samsung electronics is expected to post its q4 earnings guidance. that's all on the agenda in asia. but what investors are to do with what we've got so far this year? joining us now, nicholas. these are the classic risk off day yesterday. how do you categorize it and what it means for -- >> well, i mean, obviously, you know, i think it's important to be clear that this was a rally not ba

dax gaining 2% this week. >> this week has certainly had its fair share of ups and downs. they prove fighting power moving up closer to that magic 8000 market today. eurostoxx50 surged 1/3%. >> the euro is going for $1 u.s. 58. -- $1.3058. >> the free democrats are struggling. they're holding their annual meeting this weekend. they're under pressure to come up with something good. many in the party are skeptical that he house what it takes. they could very well crash out of the german parliament later this year for the first time. where exactly are they hiding? let's find out from our political correspondent. some blame their woes on this worsening. is that fair? >> they have not exactly prospered under his leadership. since it became party chairman a year-and-a-half ago, they have been booted out of four of the 16 state parliaments. polling figures are languishing below 5% meaning they would not get back into parliament in the upcoming election. whether he should bear all the blame for that, it is unclear, but many believe the party would be more attractive if they had a

the index funds driving the rally in the dax. the relative argument in favor of the german exporters is being constrained by the fact that we are beginning to see expectations that the euro has reached a low and we've seen what's happening to the yen and the impact that that has had, for example, on the korean stocks from a wealth of competitiveness point of view. the export sector in germany knot is not going to about leading the charge again in 2013 because of a weak currency opportunity and i think that is going to be the overhang for what has been the driving stocks in the market. it has been the export sectors in the main and it's in the dax rather than the broad market. >> thanks for that. we've got to say. services pmi continues to tick a little higher into expansion territory for britain. we'll find out in just a few moments. >>> dollar and treasury yields continue to grow higher amid policy concerns about the bank's qe program. we could see more strain today from the jobs numbers. expect to show another month as steady a

the dax slightly ekes out a gain, about 2/10 of 1%. the euro stoxx 50 was lower. the dow jones industrial average is treading water at 13,509. the euro is dire 0-- higher. the german social democrats are hoping to turn around their falling support in opinion polls by announcing a plan to crack down on income tax evasion by higher earners. the party is planning to make the issue a top campaign topic in the national elections that are taking place letter -- later this year. >> they have been meeting and they and build that plant, which even some inside the party say will not raise -- been meeting and they unveiled that plan, which even some inside the party say will not raise support. >> the social democrat challenger for chancellor says this must stop. >> if the vast majority of german taxpayers feel as if they are the stupid ones for being honest about paying taxes, it begs the question how just is the system in this country. >> the social democrats are calling for a number of measures, including rescinding the licenses of banks accused of systematically helping t

the dax slightly ekes out a gain, about 2/10 of 1%. the euro stoxx 50 was lower. the dow jones industrial average is treading water at 13,509. the euro is dire 0-- higher. the german social democrats are hoping to turn around their falling support in opinion polls by announcing a plan to crack down on income tax evasion by higher earners. the party is planning to make the issue a top campaign topic in the national elections that are taking place letter -- later this year. >> they have been meeting and they and build that plant, which even some inside the party say will not raise -- been meeting and they unveiled that plan, which even some inside the party say will not raise support. >> the social democrat challenger for chancellor says this must stop. >> if the vast majority of german taxpayers feel as if they are the stupid ones for being honest about paying taxes, it begs the question how just is the system in this country. >> the social democrats are calling for a number of measures, including rescinding the licenses of banks accused of systematically helping t

dax up a smidgen, 7715. eurostoxx50 2717. across the atlantic, the dow also trading pretty much flat at 13,478 and the euro up against the dollar trading at $1.3347. >> cuba is set to get rid of unpopular travel restriction that has been in place for the past five decades. there do to eliminate the permit known as the white card which cubans have needed in order to leave the country. >> restrictions will remain in place to avoid a brain drain. this is part of president reimold castro's attempts to gradually open up cuba -- raul castro's plan. how much of a difference will it mean for ordinary cubans? >> in some ways, he is a pioneer. he is one of the first small business owners in havana. the business began his family. it is still not enough to afford to education. >> personally, we have this dream-like attitude towards traveling -- anywhere. sees something new. we would love to go off on holiday, but financially it's not possible. we just cannot afford it. >> even though the family is privileged. the grandfather lives in the

dax up a smidgen, 7715. eurostoxx50 2717. across the atlantic, the dow also trading pretty much flat at 13,478 and the euro up against the dollar trading at $1.3347. >> cuba is set to get rid of unpopular travel restriction that has been in place for the past five decades. there do to eliminate the permit known as the white card which cubans have needed in order to leave the country. >> restrictions will remain in place to avoid a brain drain. this is part of president reimold castro's attempts to gradually open up cuba -- raul castro's plan. how much of a difference will it mean for ordinary cubans? >> in some ways, he is a pioneer. he is one of the first small business owners in havana. the business began his family. it is still not enough to afford to education. >> personally, we have this dream-like attitude towards traveling -- anywhere. sees something new. we would love to go off on holiday, but financially it's not possible. we just cannot afford it. >> even though the family is privileged. the grandfather lives in the

the dax finished within striking distance of two-year highs. our correspondent sent us this summary of the first trading day of the week. it is yet another unfavorable --, it is yet another unfavorable -- >> it is yet another unfavorable report about an investigation into deutsche bank. penalties could be hefty. still, people are quite relaxed. deutsche bank going up for the day. the trading day was relatively quiet and relaxed, but the level remains high. that high level is part of the reason why boom this bank -- the bundesbank says that germans are richer than ever before. half of the wealth -- the growth in wealth was attributable to the enormous rise in share prices. >> the dax finished down by 1/3 of 1%. the euro stoxx 50 pretty much flat. the dow trading down just slightly. the euro trading at a value of 1.3452. well, who is going to challenge german chancellor angela merkel for her job later this year? the spd have their candidate. they want to send him into the campaign with winning issues. his party has been meeting this week just out

the dax finished the session down by 0.5%. euro stoxx 50 down just slightly. across the atlantic, the dow also giving up some ground, trading at this hour at 13,324 points, and the euro trading at a value of $1.3080. the greek prime minister met in berlin tuesday with the german chancellor. he highlighted the enormous efforts being made by the people of greece to meet the conditions of its international bailout, and some 90 of by saying, "we are delivering. europe is helping." >> merkel -- merkel is praising athens' austerity drive and says the entire european union faces difficulty in the months ahead to overcome differences. >> a wet and blustery berlin awaited the greek prime minister. he was in the german capital awaiting a conference organized by the newspaper, but he also dropped in on chancellor merkel for what were described as informal talks. samaras said greece was still doing all it could to get its economic house in order. >> in greece, we are making enormous effort and great sacrifices to get things back on the right track. we are doing everything

the dax finished the session down by 0.5%. euro stoxx 50 down just slightly. across the atlantic, the dow also giving up some ground, trading at this hour at 13,324 points, and the euro trading at a value of $1.3080. the greek prime minister met in berlin tuesday with the german chancellor. he highlighted the enormous efforts being made by the people of greece to meet the conditions of its international bailout, and some 90 of by saying, "we are delivering. europe is helping." >> merkel -- merkel is praising athens' austerity drive and says the entire european union faces difficulty in the months ahead to overcome differences. >> a wet and blustery berlin awaited the greek prime minister. he was in the german capital awaiting a conference organized by the newspaper, but he also dropped in on chancellor merkel for what were described as informal talks. samaras said greece was still doing all it could to get its economic house in order. >> in greece, we are making enormous effort and great sacrifices to get things back on the right track. we are doing everything

the xetra dax still up abo about .7%.so far this year been now one of the leaders this morning. the cac 40, up .5%. the ibex doing okay, too. now, if you're wondering where to put your money in these markets, daniel morris and jpmorgan says investors could do worse. >> are you going to be able to equal those numbers from last year and are equities and bonds going to do the same as they did last year? >> meanwhile, u.s. investors are count to go down to make bank earnings this week. it's bank of america and citigroup on thursday. finally, morgan stanley out on friday. christine short is global markets intelligence manager. hi, christine. nice to see you. look, what do you think we're going to learn this week from these guys? >> well, you know, currently, we're looking at an s&p capital growth rate for the s&p 500 of about 3.3%. i think we could learn this week is much of the banks, as you've mentioned in your previous guests have mentioned are looking to beat expectations. we've got citigroup expected to come in at 156% gr

the xetra dax down .4%. cac 40 down .4%, as well.en-year yield is still coming back slightly, but still, still above that 2%. treasury yields have come back absolute lit to the eight-month highs we've seen on friday, which is 8.19%. had a yield around 1.88%. so banks to soft commodities, aaron is with us. good to see you. >> thank you. >> i just read out all the prices. quite a three-month decline for the major stocks. do you think that is going to continue, do you? why? >> actually, i think the price moves we've seen lower are too much too soon. so we expect price toes recovery. we've seen a lot of speculative selling. so a lot of speculators picking risk off the table ahead of this report. >> what are they going to report on? >> so friday we have the monthly update of supply and demand balances globally. we also have the final production number for u.s. grain and oil crops and quarterly stock levels in the u.s. >> there's a lot in it, f+uu>ú@iás+c&'a"j,n%s[uj yes. >> so i understand caution ahead of it. what are the funds beyond th

are expecting more stimulus bank measures going forward mining shares with the standout game is the dax also finished up above the line although ford motors warned about it weakening business in europe today sent out for the dax the russian markets had a disappointing day we had both indices finishing up the session in the red firmly in the red as you can see just for both forces the russian ruble finished up the day. you can see just there against the euro and indeed the u.s. dollar up. moving on those are the markets we will crack on gas problem will pile further costs into the south stream project by expanding its partners to take gas to south eastern europe bypassing transit countries ukraine and belarus and russia's gas giant nearly seventeen billion dollars which makes the projected toto a staggering thirty eight point four billion dollars the pipeline is already thought to be an unnecessary expense by some analysts who questioned whether south stream is needed given the flagging demand for russian gas in the most lucrative market which of course is europe now russia's response is

the xetra dax down about .11%. the cac 40, the ibex doing a little better. first, though, let's look at the bond wall. after the uk came out with a really disappointing figure on uk retail sales for december, gilts there are selling off, rising over 20%. not necessarily a flight to safety. perhaps because the uk is seen as quite as safe. uk is seeing a bit of a rally. reflecting that loan data, up to 5.2% on the ten-year. the bund is now bidding up in price. yields falling to 1.6%. forex is where the action is today, but not just today, every day. the euro/dollar, down 0.5%. selling off a bit. the dollar/yen, coming back after breaching 90 overnight as there are continued talks. but there continues to be speculation about what the japanese central bank will do, the australian dollar not getting as much of a boost. down about .4%. that's an interesting development to watch. finally, the euro/swiss, it was over the 1.25 level and now it has given up some of its gains on that front. quick check off commodities, oil, despite the unrest we've been talking about i

the xetra dax down 11 points, ibex down 71 points and 40 down 1.5 points. italy slightly higher on the bund yields. sannish yields back over the 5% mark. on the currency markets, euro/dollar is at 1.3361. dollar/yen pulling away from its nine-month highs at 88.70th at the moment, as well. that's where we stand in europe. sixuan has more for us from singapore in the asian session. >> sure. thank you, ross. asian markets were a bit of a mixed bag. the shanghai composite gained .6% after yesterday's 3% job. since then, numbers were boosted by china's top security official who said beijing could lift the quota for investors to invest in the mainland markets by as much as nine times. environmental stocks surged. aerospace stock took off on an upbeat industry outlook. the hang seng finished marginally in the red. oil majors and telcos were the market laggers. persisting weakness in the yen boosted exporters. meanwhile, in technology shares wait on south korea kospi ending lower with 1.2%. in australia, the asx 200 ended just a touch below the line. miners were we

the xetra dax, look at this, up better than 1%. this after germany's ifo.er than expected following a spate of the economy. again, 7832 at multi year, about five-year highs. the ibex adding 0.6%. not too concerned it would seem about the repayments of those ltr loans. plenty of coverage in a bit. in the meantime, let's get straight back out to ross and maria wrapping up our coverage of "worldwide exchange" in davos. >> thank you very much, for that. we just saw christine legarde in the headlines. she was speaking to you. what did she have to say about other matters? she was saying that, really, there is a strength story and also a weak story within the eurozone. she talked about bit about germany being the leadership in terms of strength. no surprise there. but she also believed that there is work to be done even there, because we have some catalysts on the horizon, like the eye trillionan horizon, let the debt due in spain that could cause some hiccups. here is christine legarde in germany. >> it's doing better than other european countries that it is doin

the xetra dax was flat. cac 40 up .3% and the ibex was flat. >> the city of london is continue to go slishg. a number of city workers in the uk capital has fallen to an eight-year low. now the financial authorities database show people employed in front line jobs at banks have fallen by nearly 20,000 since the financial crisis in 2007. the number of approved staff working in the financial services industry is just under 152,000. one of them is ali orogh. jim ferguson is still with us. ali, is it quieter around your office these days? >> no, not at all. not since yesterday, of course. but i'd like to see the number of how many people are employed working around the new regulation that's we all have to abide by. not just for the first of january, but going forward over the next few years. >> and how many of the city jobs are actually jobs regulating city? >> i think in the report that you mentioned that, you know, they expect jobs and production, numbers in general to speak who are regulated. but obviously, th

the xetera dax down a point, ibex up seven. cac up three points. and we have the auctions later today. support of the btb sale. moving to bond markets. moving on -- we have gremlins. right. the italian yields, 4.18%. ten-year spanish, 10.18%. and the german auction, as well. and ahead of that yield higher at 1.7%. the currency markets have seen action. euro/dollar above 135. the 14-month high for euro/dollar. and dollar/yen 91.17. a two-year high this morning. we heard jillian gillard talk being the aussie dollar, down at 104.36. hasn't done a lot of on that news. and we have the latest out of singapore. >>> thank you, ross. a positive day for asian borses with the weaker yen pushing the nikkei higher by over 2% to close above the 11,000 level for the first time in nearly three years. yahoo! japan jumped 17% today, too, some four-year high after the share buyback plan and lifted its full-year operating profit in dividend forecasts. >>> in china the shanghai composite extended a three-day winning streak ending higher by 1%. beijing announced new mea

thanks dax. >> bye. >> now, you can talk. >> now what? what do we do now?eber and a fan has the internet a buzz. i saw this online yesterday. it appears justin's hands. >> why do we take her face away? >> appears justin's hand is on her breast as he gives her a kiss. the picture was napped as he pulled away. >> might be an accident like an awkward moment. like we have everyday. >> the fan tweeted the picture was misleading. >> give her a break. >> can you tell by the shirt if he's touching. >> it looks odd but who knows. weird things can happen . >> all right. coming up. if you are looking for wealth, happiness and good luck, take note from the myans. holly is taking us to the heavenly jade of the maya. she'll tell us more coming up next. >> also from the tube to the stage, actor richard shift takes on a new role in the production huey. he joins us live in the studio. we'll be back with that and more. ♪ making the big romantic gesture. that's powerful. verizon. get a nokia lumia 822 in red for free. [ female announcer ] at yoplait, we want you to feel even

the xetera dax and cac flat. >> the u.s. futures sitting roughly unchanged.at's remarkable, as of yesterday, dow jones industrial average up 7.25% this year. it's, what, january 8? remarkable. >> yeah. >> plenty more coming up. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. we can afford to take an extra trip this year. first boston... then san francisco. hotwire checks the competitions' rates every day so they can guarantee their low prices. so our hotels were half price. ♪ h-o-t-w-i-r-e... ♪ hotwire.com your financial advisor should focus on your long-term goals, not their short-term agenda. [ male announcer ] join the nearly 7 million investors who think like you do. face time and think time make a difference. at edward jones, it's how we make sense of investing

the xetera dax, the weak performer yesterday, trying to rebound. barely above the 7,700 level, adding .1%. and the ftse up .1%. perhaps reaction to david cameron's sp or given the cross currents that we're seeing coming out of the u.s. in particular. the bond space gives you a sense of also what we're seeing, and it's differentiated trade again. it's been consistently inconsistent for the last several trading sessions. we're seeing spain rally with the yield going to 5.12%. italy weaker with the yield rising to just over 4.2%. the yield over 1.2% and the bunds, 1.5%. in asia we have the latest on how the nikkei is responding in the aftermath of the bank. japan's major of japan's addition is settling. >>> the nikkei got walloped, down more than 2% to a three-week low. the yen strengthened as investors pounded a year-long wait for hoef hype ended stimulus. financials were weakly today. the shanghai composite finished in positive territory. defense stocks soared as many are still hoping these stocks will benefit from beijing's plan to strengthen its m

the dax was up about .06%. euro stocks similar gain finished at 2726. the euro basically steady at 133.16 against the dollar. well, while equities across europe were heading north, it was completely different from business travelers and tourists. they were not going anywhere at all. heavy snow has affected flights in europe. >> that is where our coverage starts. >> passengers in frankfurt got drinking water and chocolate bars to help them through the long wait. a 500 arrivals and departures were cancelled. the airport remains in the grip of the snowy, icy weather and many might not get out for another day. >> we have been stuck here since yesterday afternoon. first two hours on the plane. then the flight was cancelled bausts bad weather. >> more than a thousand employees spent monday freeing up the four main runways. now that planes can move again it is a matter of clearing the backlog of stranded planes as fast as possible so that there is space for new arrivals to land. >> we are hoping for a let up in the snowfall as monday progresses so that we can

over in europe it was a mixed bag of the footsie managed to stay above the line as you can see but the dax ended the day almost three quarters of a percent down and here in moscow the bulls ruled the day really both the r.t.s. and the my six closed with gains about a tenth of a percent and about half a percent respectively and last but not least the currencies the euro we can to the dollar and as you're seeing here on the screen the russian ruble closed the mix to the marriage of currencies weaker to the greenback but stronger to the single currency. of russia cyber security company cusp air ski on mondays said it exposed a widespread cyber espionage network it targeted a range of government diplomatic organizations most of them are in eastern europe and central asia but there are some in western europe and north america according to the company the criminal network has been in operation since two thousand and seven over all those been a sharp increase of cyber attacks last year a forty two percent rise compared to the year before and that's according to haunt him on institute its latest s

the dax was up about .06%. euro stocks similar gain finished at 2726. the euro basically steady at 133.16 against the dollar. well, while equities across europe were heading north, it was completely different from business travelers and tourists. they were not going anywhere at all. heavy snow has affected flights in europe. >> that is where our coverage starts. >> passengers in frankfurt got drinking water and chocolate bars to help them through the long wait. a 500 arrivals and departures were cancelled. the airport remains in the grip of the snowy, icy weather and many might not get out for another day. >> we have been stuck here since yesterday afternoon. first two hours on the plane. then the flight was cancelled bausts bad weather. >> more than a thousand employees spent monday freeing up the four main runways. now that planes can move again it is a matter of clearing the backlog of stranded planes as fast as possible so that there is space for new arrivals to land. >> we are hoping for a let up in the snowfall as monday progresses so that we can

in frankfurt, not a good date for the dax, down by nearly 0.7%. the euro stocks 50 also down. dow jones slightly higher at 13,694 and eurodollars is unchanged. what japan is pulling out all of it stops in its fight against deflation. the new government announced a round of fiscal stimulus. >> promising unlimited monetary stimulus until inflation hits 2%. >> he got his way. the prime minister has been pressuring the bank of japan to do more to help economic recovery. the bond buying program is a big part of it. he said it will be a shift. >> together with the central bank, we have agreed on an inflation target of 2%. that is a revolutionary appointment that puts our fiscal policies on an entirely new foundation. >> over the last few decades, japan has bought deflation. previous efforts have failed. the bank of japan says they will print new money until prices began to rise. japan needs a vibrant economy to bring down its mountain of debt equivalent to 235% of gdp compared to 110% in the united states and spain's load of 90% of gdp. traders in tokyo appear unimpressed. the nikke

government fiscal deficit dominated the session on the dax in germany certainly really concerned caution following those sharp rises on wednesday investors they are now trending carefully as the outlook remains uncertain but we did have around a third of a percent up for the foot sea and lunde. and saying with the u.s. fiscal situation then as far as investors service route is is concerned the bill passed by congress is not enough for them to necessarily spare the biggest economy in the world a downgrade is their reasoning for this warning as they expect the ratio of government debt to g.d.p. to pig out about eighty percent into fourteen and potentially remain that way for a decade now the u.s. still holds its aaa rating from the agency but is now on negative outlook same situation with fitch agency as well that standard and poor's has already slashed the economies of racing. and moving on the people living in the u.k. . so physically in bad shape could be monitored by the government to see if they are taking steps to tackle their health now proposals by a conservative run council have s

xetra dax down 0.1%. the other is the cac 40 is down about 0.1% and about 0.25% coming off the ibex 35, ross. >> pretty similar for the bond markets, as well. ten-year bund yield is lower, but higher than where we have been been at 1.67%. spain at 5.24%. we've been keeping our eye on the pound which has been weakening over the last week or so. sterling/dollar, steady above 1.57. aussie/dollar, 1.04. dollar/yen, above 90 and euro/dollar, 1.3437. >>> the s&p case-shiller index is out at 9:00 a.m. eastern. at 10:00, it's january consumer confidence. analysts are reading, looking for a slight downtick from december. we'll hear from eli lilly and pfizer. dr horton, a home builder, emc, harley davidson and jet blue and after the close we'll hear from amazon. so a busy day both in terms of earnings and data. a busy week, in fact, we'll hear from the fed tomorrow, the jobs report friday. gdp tomorrow. i'm all excited. >> today -- the close yesterday, i don't know on, yesterday was pretty directionus when we close

slightly higher for the xetra dax. the cac 40, up 0.3% despite showing serious weakness in the serious sector. i wanted to show you a couple of individual names driving the markets this morning. easy jet, it's up 3.6% on better earnings. national bank of greece rebounding, as well. if we look tow to the flip side and show you some of the companies weighing on the index this morning, opec is greece's biggest gambling company. partly state-owned. logitech reported disappointing third quarter earnings. it's stung by the weak pc market. icap, the world's biggest broker dealer down more than 5%. the ft reporting that it's being investigated over libor rigging. so a name we haven't necessarily seen being brought into that case. unemployment hit its highest levels since the fourth quarter of 2012. almost 6 of million people in spain are in and out without work. now, speaking of job cuts, unicredit is to cut around the south in germany as part of a plan to shed according to reuters. they've l announced 6 of,000 jobs worldwide.

about 0.3% for the xetra dax. cac 40 down 0.6%.bex 35, the weak spot, down 1.6% after santander's disappointing report and taking spanish banks by and large down with them, even credit agricole under pressure today. so, you can stop hoarding your twinkies the. hostess has found potential buyers. find out just who, after the break. all stations come over to mission a for a final go. this is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. >>> welcome back to the program. here are a couple of stories to check out on our website. the dow jones industrial average began yesterday's session just 46 points from hitting 14,000 on a clear course to trade above a level it hasn't seen since 2007. according to some, did dow is up about 10% from its fourth quarter low. can it take out that 14,000 level? le read

the dax finished down by nearly six/10 -- 6/10 of 1%. the euro stoxx 50 was down 0.5%. the dow is down by similar numbers. the euro is higher against the greenback, trading at a value of 1.3108. the financial and environmental costs of importing food are driving new efforts to produce and sell more goods locally. >> that trend is now encouraging entrepreneurs to expand the cultivation of freshwater fish. aqua farming is cost intensive and has traditionally been very tough business to make a profit in, but that appears to be changing. these african catfish -- >> these african catfish have reached maturity and are ready for slaughter. they are fished out of the water and then weighed. they hope to increase the volume to full capacity. he launched the business only one -- 1 1/2 years ago. >> if consumers decided to buy and eat more local profits, it would certainly be more profitable. that is because demand would be very high. everyone knows that fish stocks in the world's seas are declining, and that has to be reversed. this kind of aquaculture will make a lot of sense. >

the dax finished the day down by nearly 0.5%. the euro stoxx 50 down by just a little bit more. across the atlantic on wall street at this hour, the dow pretty much trading flat. the euro up against the greenback at a value of $1.3568. >> just days after toyota regained its spot as the world's no. 1 carmaker, it has announced recalls affecting more than 1 million cars around the world. >> one recall limbaugh's career role of -- one recall involves carolla models. there are also lexus models with windshield wipers that failed to function in heavy snow. he recalls come after a series of quality problems that have damaged toyota's reputation for quality. amazon shares opened sharply higher on the back of better than expected earnings on the end of your business. >> holiday sales grew 22% to just over $21 billion. it was mainly down to a major boost in the ebook sector. jeff bezos said revenue from kindle sales was up 17% in 2012. >> the euro has formally rejected a bid from ups to take over its dutch giant. >> the eu antitrust authorities said the deal would have stifled competitio

the dax got off to a flying start. >> what an upbeat start to the new year here at the frankfurt exchange. people were not euphoric, but they were very much relieved that the result in washington. the politicians compromise over the so-called fiscal cliff question. there was a great relief over that. one could not have imagined what the outcome would would be, not only for the markets here, but also for the economy worldwide if the results had been different. people know that the next weeks will also be difficult with negotiants coming up over debt ceiling in the united states -- the negotiations coming up over the debt ceiling in the united states. but those thoughts are on the back burner over the joy of the moment. >> let's take a look at the joya dass numbers. equities worldwide joined in the rally -- at the joyous numbers. equities worldwide joined in the rally. european shares hit a 20-month high. check out the euro stoxx 50. the dow jones is lapping up the attention. the euro is trading down at the moment. >> now to other news, portuguese -- the president of portugal has asked the

frankfurt's dax down by 0.17%. the cac 40 in paris down by 0.3%. earlier in asian trading stocks lacked direction. some investors locked in profits sensing that the markets may be overheating. tokyo nikkei average managed a rebound, up by 0.4%. shanghai rose 4.35% to an eight-month high. the hang seng in hong kong slipped from a 20-month high it touched on monday. let's take a look at currencies. the dollar is moving in a tight range against the yen. dollar/yen right now at 90.44 to 48. many want to see the outcome of the fed meetings and a series of key economic numbers and determine how the u.s. economy is doing. euro/yen 104.7 to 50. >>> japanese workers may have a few more yen in their pockets if union leaders get their way. labor and business leaders are discussing a proposed wage hike. >> translator: a wage increase is a way to ending deflation. it's time for businesses to invest in human resources and not cut corners with workers earnings. >> koga asked for an increase of wages much 1%. he said raises based on seniority should continue. the

the dax finished down by nearly six/10 -- 6/10 of 1%. the euro stoxx 50 was down 0.5%. the dow is down by similar numbers. the euro is higher against the greenback, trading at a value of 1.3108. the financial and environmental costs of importing food are driving new efforts to produce and sell more goods locally. >> that trend is now encouraging entrepreneurs to expand the cultivation of freshwater fish. aqua farming is cost intensive and has traditionally been very tough business to make a profit in, but that appears to be changing. these african catfish -- >> these african catfish have reached maturity and are ready for slaughter. they are fished out of the water and then weighed. they hope to increase the volume to full capacity. he launched the business only one -- 1 1/2 years ago. >> if consumers decided to buy and eat more local profits, it would certainly be more profitable. that is because demand would be very high. everyone knows that fish stocks in the world's seas are declining, and that has to be reversed. this kind of aquaculture will make a lot of sense. >

we're flat on the xetra dax. firm on the ftse 100. cac 40 and ibex are up .5%. >> let's take a look at what's happening on the spanish ten year. it's just above 5 ers. italy, 4.14%. i feel like we've been saying these levels for weeks now, about 1.5% and 2% respectively there. you can see the rotation into the periphery as the euro is hitting a nine-month high against the pound. >> and rio tinto shares are down after the ceo said he would step down after a $14 billion impairment charge. richard joins us now. do we mention, as well, they're speaking of the airbus conference, as well? and then we get to rupert. thanks for joining us. if there hadn't been alcan, would mozambique's acquisition have been enough? was it the two together? was it accumulation? >> well, there might be, yes. alcan was nothing short of a disaster. it's been extensive. and i think just the aluminum sector as a whole has performed dreadfully. the times was most university. >> why should we feel story for him? he laid out a strategy and it went wrong. >> unfortunat

xetra dax up 6 points. the cac 40 is absolutely flat and the ibex is up 12 points. we can continue to keep our focus, though, on what's going on with the debt markets. we've got an italian auction coming out today which is going to give us a bit of a steer. we're looking up to 3.5 billion. we expect auction yields to come down to a level we haven't seen since -- 4.18% in italy -- since around 2010. yields in italy, the costs come down to three-year lows yesterday. a pretty strong spanish auction yesterday. keep our eyes on this. so the currency markets are concerned, plenty of focus on dollar/yen. let's show you where we stand at the moment. 88.97. we have this morning been up to 89.35. euro/yen higher, stipulating around the 118 mark, as well. euro/dollar had big moves yesterday, posting with the spanish auction mr. draghi and the ecb coming out saying it was unanimous about no interest rate cuts whereas in the previous month there had been some discussion about that. euro/dollar, 11.3260. let's bring you up to speed with the asian trading session today as they wra

in frankfurt the dax is down about .4 percent at 7625. in paris the index there is down about.8% trading at 3644. earlier in the day asia stocks were higher almost across the board. today was the last trading day the year in many markets. south korean shares ended 0 high pressure 49% higher. mainland china stocks rose touching higher levels in more than six months. the hang seng closed at its peak for 2012. here in japan business leaders have urged prime minister shinzo abe to join negotiations for a transpacific partnership trade agreement as soon as possible. a letter was handed to abe to request the government action. in the letter, okamura said japan's participation is essentially to make the hopes of people reflected. he called on abe to beef up the competitiveness of the country's farming sector. one of the industries that could be affected by the tpp. some members of the ruling liberal democratic party have voiced opposition to japan's participation in the tpp talks. about 100 members opposing the tpp held a meeting on friday. they