i'm joumanna bercetche these are your headlines european stocks jump in early trade after the dow posts its third biggest point gain ever. trade tensions ease as the u.s. and china negotiate new terms. >>> the amazon effect. shares in casino top the stoxx 600 as it joins forces with the e-commerce giant to offer groceries via its prime now delivery services. >>> and novartis sells its stake in a consumer healthcare joint venture for $13 billion. the ceo tells cnbc the swiss drugmaker is looking to streamline its business. >> i want us to be a focused medicines company powered by data and digital technologies. that means value creating acquisitions. >>> and the bank of finland governor tells cnbc that the european monetary policy has worked >> if the economy continues to recover and we have some confidence that there's some convergen convergence, then, of course, the balance of these elements will change. sgl >>> good morning it's the second day of the week. the stock markets are doing very well following what we had in the u.s. session as you can see, it's a wall of green right behind m

i'm sri jegarajah. >> i'm joumanna bercetche. are your headlines >> european stocks see green amid a global relief rally as trade war fears ease with the white house saying some countries may be exempt from the tariffs. >> we expect the president to sign something by the end of the week and there are potential carve-outs for mexico and canada based on national security. and possibly other countries as well based on that process >>> out of fashion hugo boss shares slide after delivering a cautious outlook. >>> merck shares fall in early trade after chinese competition hurts sales. the ceo says investors need to be patient while the firm makes investment for innovation. >>> and acs and a it s atlantian the road to take on hawyey. >>> u.s. futures were implying a firmer open on wall street but that picture seems to have changed somewhat, so caution creeping in. trade tensions are easing to a degree as trump suggests some countries may get exemptions on steel tariffs. let's look at the european markets. they are reasonably stead did

i'm sri jegarajah. >> i'm joumanna bercetche. are your headlines >> the trade wars claims its first victim as white house adviser gary coh resigns removing the most high profile free trade advocate from the administration. >> european stocks open broadly low as the dow is called it open 300 points in the red. >>> the ceo of telecom italia says he welcomes a dialogue with elliott management and puts a joint venture with vivendi on hold after the company posts worse than expected full-year earnings. >>> and shares in wpp and publicics sell off as u.s. consumer giant p & g vows to take advertising away from the big agencies already struggling with disruption >>> since we looked at markets about 15 minutes ago, the ftse 100 has tipped into green. that's the only positive index in europe so far in trading. up almost 0.1% at the other end, ftse mib has actually rebounded a bit, it was down about 0.25% in the last 15 minutes or so, things have bounced somewhat let's switch to foreign exchange on the back of the news of cohn's resignatio

i'm joumanna bercetche "worldwide exchange" is coming up next. >>> bouncing back.ing to a higher open following last week's big selloff. find out what is driving the sudden turn around straight ahead. >>> demanding answers. lawmakers calling on facebook to provide more details on the scandal. the company now apologizing. >>> and speaking out, apple ceo tim cook talks privacy and trade in china we're live in beijing, it's monday, march 26th, and "worldwide exchange" begins right now. ♪ ♪ let get it started in here let's get it starts in here hot let's get it started ♪ >>> indeed, let's get it

joumanna bercetche is ready to bring you the big european trade.et's kick things off overnight with the action in asia. nancy hungerford is live in singapor singapore. >> hi, brian risk is back here. i can tell you investors got a big sigh of relief in asia on signs of compromise between the u.s. and china when it comes to trade. w across the board every single market in the green today. that return of risk did see the yen ease off recent highs against the dollar that was good news pore t s for k nikkei 225 the second biggest gain here among the movers, tech names, exporters, yes, they were helped by that currency move but these names are the most exposed to an escalation for any tit-for-tat we're talking about toyota higher by 3.8% sony, honda, canon and nissan as well higher by 2.3%. the relief rally fully in play in asia. let's get out to joumanna bercetche in london. >> the theme is one of broad-based buying in europe ftse 100 has broken through the 7,000 mark we broke to the down side last friday, and now we're up above it similar story for xe

i'm karen tso. >> i'm joumanna bercetche. are the headlines. >> the tech lash trade hits europe with semiconductor stocks leading declines after the nasdaq sells off >>> facebook's declines take its losses almost 20% since the data scandal broke as mark zuckerberg reportedly plans to testify in the u.s. but not in the uk we'll hear from mp damian collins in a few moments >>> oil prices under pressure after a surprise rise in u.s. inventories, despite word from saudi's crown prince that opec and russia are working on a long-term output cap. pact >>> and beijing confirms that kim jong u.n. made a denuclearization pledge to china on a visit with xi jinping >>> everyone just checking in on markets again. as we said, the move in u.s. equities did continue into asia overnight with some of the main asian indices trading down 1%. we're seeing a similar theme in europe we have come back a bit from where we were about a half hour ago. about 0.2% higher as far as the ftse and xetra dax are concerned. still broadly speaking all of these

i'm joumanna bercetche these are your headlines wpp sinks after suffering its worst sales performance since the financial crisis martin sorrel tells cnbc the company is realigning to change to a rapidly changing marketing environment. >> not a pretty year we can discuss what the cyclical problems are, but whatever they are, we have to respond to them. >>> the beginning of the year is not working out for adecco the world's biggest staffing firm sees revenue growth stall and analysts sound the alafrm bells. >>> carrefour shares suffer a loss as the french retailer posts a 531 million euro loss for 2017. >>> pugeot says competition in the electric vehicle market is fierce >> i think there is a dimension of growth, from 2019 to 2025, we will be at 100% of electrify ie core market. >>> we are just getting the final pmi numbers out of europe. this morning we had the german one which came in higher than expectations so we have got the final february manufacturing pmi come in at 58.6 the forecast was 58.5. slightly above expectations by a little bit this comes at a time where all of the pmi n

holding above that 2% mark we've come back just a fraction around the edges let's get out to joumanna bercetche for more day two as investors pick over the detail of the 5-star and the la lega over the weekend >> i've been in milan the last couple of days digesting the news and speaking to various business leaders and investors in italy to get a sense for what people are saying on the ground and how the elections could impact sentiment right now joining me is the ceo rafaeli santani. everybody has questions on the elections and the certainty with business confidence. what do you say to that? >> the global level after the political election is not impacting the markets anymore as much as they would in the past this is a big change italy is not making a difference the market is doing reasonably well the focus now from the markets will be on what is next in terms of what could be the next government, what are the programs, so on. but i think, you know, it's going to take time before getting to a solution and, you know, in the meantime the economy is doing well. i think the market is reflecting thi

willem marx is in rome and joumanna bercetche is in italy where do we go from here, what do you thinkhe final outcome is going to be >> well, we've got a few million votes to be counted, karen i think the turnout based on those counted so far we're looking at well past the 60% mark in terms of votes counted. so it doesn't look like a lot has changed. in terms of the picture, irrelevant we've seen there is no single individual party or indeed no bloc that has gained more than 40%. which is not able to form any part of the italian government the most likely outcome, in the next couple weeks, we'll see that the parties will try and informally negotiate with one another, try to figure out who is friends or foes who are not and we'll see leaders in both the upper and lower chamber of the parliament being selected. and around that time, there will be a formal set of conversations started and you the aegis of the president, the 70-something sicilian man who is trying to form a government in the fangses. and the one to five is the five-start movement. they said in the past, they don't want to