kingfisher, oil stocks, banks, those are the big decliners today. betty: what is that doing to german business confidence? mark: german business confidence has been dented i this selloff, this turbulence we witnessed at the start of 2016. we did see a second monthly decline in german business confidence. the decline was bigger than analysts thought. be affected by the chinese slowdown. the bank does remain confident that stocks will rise. low interest rates and falling unemployment will continue to support domestic demand. domestic demand is strong. it's interesting to see citigroup's index for the eurozone. i just. it's falling to the lowest level since july. look out for the data on friday. we are likely to see an improvement in europe. inflation could go to give in the next couple of months. inces could prompt something march. it's all back to oil. it's always back to oil, isn't it? betty: the same press in the u.s. let's head to some market with damien a sense you. >> does go back to oil. let's take a look at what happened with the markets. we a

. >>> meanwhile, kingfisher shares targeting a 500 million pound increase in annual profits as part ofts strategic review. kingfisher said the acquisition of the rival home base is there's no update. >>> and manufacturer johnson controls is in advanced talk to buy tyco national for up to $20 when. that's according to reports of the "wall street journal." johnson controls is looking to benefit from tax eversion after looking to relocate. >>> now, adidas is ending its 11-year sponsorship deal with the athletic association. that's according to the bbc. the sports company is going to abandon it almost four years early. sources say that the deal was worth around $8 million per year. looking at it, again, an 11-year agreement. we're approximately 23 million pounds in total, it hasn't been confirmed yet. these are just reports so far. nothing is confirmed so bear that in mind. if it is confirmed, it's seen as a huge setback for the iaaf. last year, the world anti-doping council put on a report that revealed widespread state doping in russia they said. last week, you also saw the iaaf accused

kingfisher as well. notes chief executive, saying how they are going to return money to the investor. millions of pounds likely to come back in the form of share buybacks. doesn't seem to be living up to expectations. this is a strategy from the chief executive, really spelling out how she wants to improve over the next five years. she says the opportunity is significant. thanks, caroline. let's talk about oil. we've all seen a volatile start to the year. 32, significantly below that. an oil analyst at barclays joins us now. you look at the reaction in these companies, and it is almost as if the markets believe we're going to get a v-shaped recovery in oil. you don't thing that. >> i don't think so. what we are seeing is that huge snowball effect. that is slowing down. which is a good thing. it also suggests a few things. most of the negatives for oil have been baked in for a while now. evidences ofearest that was last week, when we saw iran coming back to the market. the headline selling that we saw in

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