i think we can say that's electrolux i think that's down to electrolux in terms of electrolux, shares seeing a boost after the appliance maker lifted its north american outlook the ceo. jonas samuelson will join us after the break. your brain is an amazing thing. but as you get older, it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember. >>> just looking at shares in electrolux, 3.6% higher, 15% higher over the last three months hitting record highs after the company upgraded its north american market outlook, this as it reported a stronger than expected rise in second quarter earnings the appliance maker upped its north american growth target to between 3% and 4% citing strengthening demand and a favorability macro environmefav macro environment. jonas samuelson is the ceo of electrolux and jo

electrolux continued to be the main gainer. elsewhere, what are we seeing?ip it back to what is happening with index points. you have a strong performance ass morning from reckitt well. the downside stories morning, in my mind, is although, down by 3.4%. this is bloomberg. ♪ guy: akzonobel's ceo has resigned for health reasons. up, mccormick buys -- will this kickoff the next round of consolidation in the sector? it has been long talks up. can draghi get the dollar to bounce? the ecb said to be preparing to get an exit. today.ncil starts good morning and welcome. you are watching bloomberg markets very this is the european open. let us take a look at how the headline indices are performing in europe. not exactly a riproaring start in today. it is positive. the london market, the exaction, treating to 7381. .toxx 600 of by .2% stopped what's this morning, volvo on the downside. electrolux, very strong this morning, on the upside in the consumer business. elsewhere, reckitt on the move as well. they all seem to be faring fairly well this morning as well. tech

munoz on "squawk box" later this morning a cnbc exclusive at 8:00 eastern time >>> also shares of electrolux moving higher. the company reporting a 21% rise in second quarter net profits. the swedish appliance maker citing strong demand in north america and cost savings shares 3.5% to the upside. we got america movil posting an 86% jump in net profits. they are controlled by the family of mexican billionaire, carlos slim. shares unchanged right now in some u.s. adr type trading >> vertex shares soaring the drugmaker seeing positive trial results for cystic fibrosis treatment >>> and bp is considering spinning off some of its u.s. pipelines into a master limited partnership. the oil giant is evaluating an ipo of an mlp that could include crude oil, natural gas and refined petroleum product pipelines in the midwest and the gulf coast shares are just marginally lower. >>> and semiconductor equipmentmaker asml says second quarter net income rose 3% that topped estimates the company announcing it will resume the share buyback program. shares higher by about 4%. >> the applied materials of europe

electrolux got a boost from u.s. sales sending its shares higher. europe.aighe on what to expect this earnings season. great to see you. second quarter just getting started. what are the expectations for earnings growth looking like? this point on at median basis sector by sector using the stoxx 600 as a benchmark it's definitely a cyclical story as we look into second-quarter earnings. materials, consumer discretionary. industrials are all at the top of the hit parade with expectations of 12, 13, 15% growth. autos come of, even luxury goods or more of a broad-based cyclical recovery. part of that is europe. part of that is china. nejra: part of that is down to higher borrowing costs as well. a little bit of the selloff we have seen and bond markets. i want to take you to this chart. looking at the second quarter here and this is forward eps. we are seeing a little bit of a divergence between the eurozone and the u.k. is this a currency story or something else? >> if you think about europe overall which is the white line in this case it looks like it's grow

then there's sweden's electrolux trading at quarterly highs rpc group, that's another stock to watch came in well ahead of estimates citing acquisitions and a weaker pound this is the british packaging company. they generate about 70% of their sales outside of the u.k so, therefore, helped by a weaker pound on the m&a front, reckitt is selling their food division to mccormick of the u.s. in a $4.2 billion deal reckitt will use the proceeds to pay down debt following its $17 billion acquisition of baby formula maker meade johnson earlier this year. >>> meantime, akzo nobel announces their ceo is stepping down due to health reasons this is weeks after the french company fended off the takeover from dpg and tomorrow's ecb meeting, a market event of the week, the first meeting since mario draghi's speech in fortunate gaga portugal many believe this will provide clarity on reducing the bond-buying program at the september meepting inflation will be the key mandate. also, the overarching concern is the euro, yes, pulling back from the 14-month-low high against the dollar but today it's con

have a host of earnings this morning and let's focus in on europe's biggest maker of appliances, electroluxcoming in 9.4 billion. the estimate was 1.7 2 billion. the sales number a touch ahead. they are waiting for comments coming out from the president and ceo. by 1%.demand up this is in the wake of a time when they reported sales in north america down by 7%. the maker of frigidaire refrigerators has faced a number of problems in the u.s., namely lower sales. and private label. they are talking about north america. three percent to 40% and giving us details in the various regions. the stock has been up and say april results. goldman sachs removed them from their conviction by list. this is a deal that we broke yesterday, $4.2 billion worth. runmberg intelligence has the numbers. 4.2 billion dollars, the equivalent of 7.5 times the --es of 20 times earnings of according to deborah aiken. a super price and it will be used to do what, debt reduction and that goes back to the deal they did with me johnson. johnson. naming steven jones as deputy ceo and i mention this because the manager will b