julius baer's profit tops estimates, sending profits there higher. boris collardi tells cnbc the bank sees an ideal trading climate under president trump. >> we can do our job as bankers, talking to our clients on a daily basis and telling them what to do. we've seen that in the second half of the year and the fourth quarter that trading volumes have picked up. >>> a big gain for the apple food chain. shares in european suppliers get a boost, as the world's biggest listed firm posts record quarterly revenue. >>> racing ahead. volvo shares accelerating to two-year highs after fourth quarter profits hit second gear. >>> and veteran conservative ken clark mocked the government scramble for trade deals regarding brexit. >>> good morning, everybody. welcome to "street signs." very happy you're with us for this next hour. want to get you the data just hitting our wires. the eurozone pmi figure for january, 55.2. which is just a tweak above the flash estimate of 55.1. reminding ourselves that the final reading for december, 55.9. we're a bit above that leve

of julius baer. the market open is up next. bloomberg. ♪ guy: you're watching bloomberg markets. this is the european open. your first trade of the cash session coming up. i am guy johnson alongside matt miller. his is what we are watching this wednesday morning. some sugar to go with the medicine. former bossesth and calls for better pricing but his regulation will be eased. we speak to the ceo of road -- roche. deciphering donald. the fed is set to release its

julius baer reported earnings ahead of estimates as new money and investment growth boosted as sets.ans the shares jumped to the highest in more than one year. earlier today, we spoke with the ceo of julius baer and asked him about the outlook in the u.s.. >> we can interact with our clients and show them investment opportunities as this entire thing is translated into the provincial of trading. not yet. there is lots of cash on the sidelines, waiting for a clearer direction of how the u.s. will interpret its global theme. nejra: i'm taking a look at in the men's, europe's biggest -- at siemens, europe's biggest engineering company. we have seen the shares hit the highest since 2000, after onmens raised its outlook digital services, which lead to better than expected first quarter profit. this is even as the company said that orders are starting to weaken, so a bit of a twofold message, but nonetheless, investors on the positive. matt. matt: thanks very much for that. general electric chairman and ceo jeff has spent his career writing the great wave of globalization. in an interview

we have the chief strategist d from julius baer.hey didn't say when they could be looking to tighten. >> yes, indeed. the timeline was open. that was a cautious approach which is something we subscribe to as well. we think the federal reserve after being wrong about the economy for years, being bullish about economic development will see this time it holds. and that core inflation is picking up maybe beyond the comps. so we think sometime towards mid year or so, there's a fair chance for another rate hike. >> but you still think they're going to be hiking three times through 2017? frnlg>> yes. we think there's more direction. we think everybody is waiting for the tax deal, which will actually shape the u.s. economy in not only until year-end but beyond that. as soon as those measures are clear in how reflationary they will be, there will be also more probably somewhat more hawkish tone down the road. for the time being, it's a wait and see mode. in the second half of the year we could be in for another two rate hikes. share with me