and electrolux shares heat up as they eye improvement in north america. we speak to the cnbc first in the next hour. >> let's have a look at european markets in the green. not too significantly today. we did have weakness of course yesterday in europe. in particular in germany and france after the pmis were a little bit weaker than expected although today's german ifo business sentiment climate was better than expected overall although the business expectations were slightly below business sentiment and current conditions were both higher. anyway, the sum result is we're finishing the weak in europe with markets in the green. this follows a mixed week. this week and last week although the broader picture year to date is strong european markets. the broader stoxx 50 up ending the weak with a positive tone. bonds continues to tell the same story we've seen for a long time and that is that rates are expected to rise at some point this year where yields are 1.96. rates in the u.k. are expected to rise rather than fall. that's not likely to happen next year. r

meanwhile, electrolux up six .5%. leading the charge on the stoxx 600.r one home appliance maker. first-quarter operating profit beat analyst estimates. they are ramping up their pricing. that helped offset negative moves in foreign currency. european markets are set to expand this year. north america is where the weakness is coming in. is it all about new energy regulations? it looks pretty strong. the company continues to expand buying up general electric's home appliance unit. neste oil. you are going to speak to the chief executive. up 4.2%. shares reaching their highest in eight years, john. positive first-quarter earnings. it is all about their products. renewables looking pretty punchy. margin improving. back to you. jonathan: caroline hyde, thank you very much. let's bring it back to greece. the prime minister has a decision to make. will he modernize his country into a spanish-style success or drag it into the this? our next guest is the chief economist at baron berg. he joins us now. a spanish-style success, can we call it a success in spain? >

electrolux with her numbers today -- their numbers today higher.ng lower, even after it said earnings would be up 20% this year. matt: thanks for that. now, the vendor sarao has not spoken publicly since his arrest on tuesday. his former employer spoke to ryan's -- ryan chilcote. ryan joins me with more on this conversation with paolo rossi. ryan, what was your take away? ryan: we are on few tech's trading floor about 28 miles outside of london. there are close to two dozen traders here. they have been here since 7:00 in the morning. the way it works is they effectively pay a fee to a few techs and they pay a portion of their profits to the firm for the privilege of availing themselves of the resources here. that is what saurav was doing here -- sarao was doing here before prosecutors took interest in him. i sat down with one of the cofounders of the firm. he remembers the vendor very well. he was one of the star traders when he was here. he says he's a guy who really stood out. have a listen. >> the potential to be one of the world's great traders

electrolux being integrated into ge. elsewhere we've been talking t the earnings recession.ate yesterday bank of america became i think the first major firm to call for a negative -- negative year on the s&p earnings. we talked about two negative quarters. they're talking about a full year negative. we all know why. 50% drop in crude. dollar is up 20% since june. weather issues out there. bank of america along with other bulls think this is going to fade in the later part of the year and the numbers will start getting better in the fourth quarter. that's a long long way to go however, we've got a lot between now and the fourth quarter to deal with. they might be right about february being an outlier month. did you see the family dollar results? they were crummy. 73 cents. i think the estimate was 80 cents for family dollar. positive comments for march. howard levine ceo, this is what he had to say here. the number here our sales trends in march rebounded nicely reflecting both improved traffic trends and the benefits of an earlier easter. i think that's why this stock is up

meanwhile, later breaking news within the european session, electrolux, remember it's paying $3.3 billion's appliance unit. it's swedish. it wants to expand in north america. it is expanding in north america but warned its first quarter here is now going to be negative. it it's a negative result. partly it would appear more about the product redesigns they're moving from a different range of fridges and freezers and trouble with their cooking plant in memphis which they were ramping up. they have a huge number of brands. check it out on-line if you don't know it. that stock has been falling towards the end of the session. in moscow the greek prime minister met with vladimir putin. nothing concrete seems to have come out of that. they will renew their relations, reinvigorate their relations. this is a path that greeks would see. more importantly as it stands the greeks rolled over the t-bills today. tomorrow, of course, they have that big payment to the imf, 450 million euros. a lot of chatter about what happens as they face that choice between either paying pensions and wages or paying th

electrolux the biggest home appliance maker in europe beating analyst estimates when it comes to operating million swedish krona beating first-quarter operating income. organic growth is down .5%, but they say that europe continues to improve, the environment in latin america has been challenging with brazil at the moment. cost savings has been impacting earnings in a positive way and overall demand in europe has stabilized and they see growth of 1% to 2% this year, trimming down on costs putting production and lower-cost countries, and it's working. mark: astrazeneca, their total revenue grew by 1%. this is the company that turned down a $117 billion offer from pfizer. they are facing increasing competition after their acid reflux drug is facing competition. first-quarter revenue up 1%, the first headline. crestor sales in the first quarter 1.1 7 billion euros, analysts estimating 1.22 billion, so the crestor sales figure was below analyst estimates. the company that analysts are hoping will rise with adjusted earnings at constant exchange rates. we are getting further details of other dr