vonnie: george buckley, we have to leave it there. thank you for joining.uropean close 10 minutes away from new york and london. this is bloomberg. ♪ vonnie: in new york, i am vonnie quinn. guy: in london, i am guy johnson. this is the european close. markets,hose european not that amazing considering how solid that payroll number was. ftse is up more than more -- more than most with .7%. the pound is down. the dax and cac's are not going anywhere. the real story has been the european auto sector there and it has been the far and away the far andand it has been away the best performing sector. the european close is next. this is bloomberg. ♪ ♪ guy: 30 seconds until the end of regular trading in europe. not a lot going on. you can barely see europe it is so dark. the only bright spot looks to be what is happening in london. that is the only major market trading significantly higher. that is because the pound is a little bit lower. let's take that one out of the picture. 74.59 you cang back out some of those gains because of what is happening with the pound.

. >> george buckley, stay with us. chief u.k. and european economist from nomura. you can get involved in a conversation on what we've seen the last week, follow us on twitter @streetsignscnbc >>> coming up on the show, the brexit deadlock continues. with the e.u. set to leave the union on thursday with no deal in sight 300 miles an hour, that's where i feel normal. having an annuity tells me my retirement is protected. learn more at retire your risk dot org. >>> welcome back to the program. chinese shares have reversed gains after signs of more stimulus in china helped lift the country's blue chip stocks to a one year high beijing said it will further loosen bank's reserve requirements to encourage lending to small and medium sized businesses the move announced on the central government's website will be the sixth time the pboc has cut reserve requirements in the last year. >>> meanwhile, the global economy has entered a synchronized slowdown which may be difficult to reverse. the latest update of the tracking index shows all parts of the world's economy losing mo