i'm joumanna bercetche >> i'm julianna tatelbaum. these are your headlines >>> european stocks follow asia into the red as disappointing chinese data and growth fears dent hope foos for a christmas rally. >>> yellow vest protests push french business activity into contraction and german private sector growth slows to its slowest level in four years. >>> and lvmh makes a bid for belmond. >>> sterling extends losses as uk prime minister theresa may's bid to save his brexit deal is shot down by european leaders who declare they are not open to any adjustments. >>> all right. all this morning we've been getting some pmi numbers out of europe we got the come pposite number,d an instant reaction in euro currency, dropping 0.% we dropped through that 1.13 level. this after a spate of very disappointing pmi numbers out of europe that composite number was certainly very much affected by the numbers out of france just a short while ago. there we -- the composite number tipped into contractionary territory below 50 so weak numbers for europe th

. >> i'm julianna tatelbaum, these are your headlines >>> european stocks mostly follow asia into the red as questions remain about the u.s./china trade cease-fire and as yields spreads tighten. >>> the turn in sentiment hits auto stocks the hardest as european car executives prepare to discuss tariffs with white house officials. >>> sterling spikes after the european court of justices advocate general says the british government could cancel brexit unilaterally if it revokes article 50 >>> is emanuel macron set for a u-turn media reports suggest the french government will suspend its plan to hike fuel taxes following weeks of violent protests. >>> markets have been open for about an hour and a half as you can see we are giving back some of those gains seen yesterday. the stoxx 600 ended about 1% higher yesterday on the back of that trade truce optimism. but today it is a different picture. we're seeing red across the regions. the worst performers are the french index and the german index down about 60 basis points a piece. let's look at fx markets sterling is seeing a nice bounce thi

i'm joumanna bercetche >> i'll julianna tatelbaum >> westminster in crisis theresa may says she willt the vote of no-confidence in her leadership set to take place tonight. >> i will contest that vote with everything i've got. a change of leadership in the conservative party now will put our country's future at risk and create uncertainty when we can least afford it. >> but leading back bench mp graham brady says he will remain strictly neutral on the leadership challenge ahead of the vote >> i'm here to run a process in a scrupulous way as i can. certainly i think it's beneficial to resolve this matter as quickly and smoothly as possible. >> sterling jumps and the ten-year uk gilt hits a high as may says she will contest the vote with everything she has >> the ftse rises despite the political chaos as stocks across europe sit firmly in the green >> the new leader wouldn't have time to negotiate a withdrawal agreement and get legislation through parliament by the 29th of march one of their first acts would have to be extending or rescinding article 50, delaying or stopping brexit whe

. >> i'm julianna tatelbaum. >> european stocks rally after a big rebound on wall street >>> huawei's loss is ericsson and nokia's gain as a cnbc source confirms liang hua has been appointed acting cfo. >>> reports suggest russia is willing to cut oil production. >>> and the german medical group frenius warns it won't meet its 2020 target. >>> european stocks this morning are in recovery mode after yesterday's steep selloff saw the stoxx 600 close more than 3% lower. today it is a different picture. the gains do not quite match the losses we saw yesterday. the stoxx 600 is up about 1.1% in early trade remember, yesterday the selling kicked off with huawei's cfo's arrest in canada that drove concerns around the u.s./china trade dispute, but then u.s. stateside stocks rallied off the lows after the "wall street journal" signaled the fed may be having a wait and see mode at itself december meeting. plenty of events in focus in europe oil is still on investors minds after opec failed to come out with production cuts after yesterday's meeting. so investors watching the oil space today. put

i'm julianna tatelbaum >> i'm joumanna bercetche.pean stocks rally after a rebound on wall street but trade and brexit concerns linger on. >>> uk shares are broadly higher across the board as theresa may prepares to meet with eu counterparts to fine tune aspects of her divorce agreement. >>> wpp trades near the top of the stoxx 600 as the ad giant says it will slash costs as part of its 300 million pound turnaround plan. >>> apple's appeal the devicemaker's frankfurt shares are higher as they look to overturn a qualcomm case ruling that sets an import ban on a number of iphone models in china. >>> the last 24 hours have been dominated by brexit talks, we are still getting uk data coming out. the macro data is also important to watch we had good results out of the average weekly earnings front in the uk the numbers have pointed to 3.3% growth, that's in the three months until october higher than the consensus poll of 3%. it is one of the biggest rises in a couple of years there job vacancies are flat versus where it was last month as