cnbc's louisa bojesen joins us live from london. it's all about loyal lately, louisa. what's this mean for today? >> i know. i know, i know. and this correlation that we're now seeing between oil and equities is pretty substantial. and it's pretty unseen, as well, if you look through the past moves that we typically and traditionally would expect to see. this morning we were called higher on european equities. we opened higher. we had this bounce in oil that you're referring to. and then suddenly everything turned around about a half an hour into trade this morning and everything was lower and people were scratching their heads and saying what happened here? now we're a little bit higher again. actually we've just gone lower. we're a little bit mixed on the european equity markets. flatish to flatly mixed. the price of oil still remaining firmer on lower footing, and again there's a lot of speculation about also what the new kool front in the states is doing. got a lot of earnings out this week and a lot to look forward to. bill? >> sounds like a lot more turmoil of th

i'm louisa bojesen. >> and i'm nancy hulgrave. these are your headlines. >> in a shock move, the bank of japan cut interest rates below zero. the governor called it the third dimension to his easy policy. >> the shift to negative rates propels european equities higher, but it's too, too late to save an ugly january as we enter the last trading day of the month. >> peripheral banks powering ahead after swinging to a profit in 2015. sabadell almost doubles full year earnings. we'll hear from the chairman later on. >> and amazon fails to deliver on quarterly profits, sending shares sharply lower. this despite record revenues. >>> hi, everybody. good morning. it's friday. >> finally it's friday. and the end of the month. >> loads of volatility as well. we'll be checking in on some of the most volatile markets later on. let's bring everybody up to date if they're just joining us with what the markets are doing at the moment. we are an hour into trade. we're seeing a little bit of a rally. that rally continuing on from what we saw overn

i'm louisa bojesen. >> and i'm nancy hulgrave. these are your headlines. >> stocks in europe have been inching higher this morning as oil majors and minors have been rising, helped by a production boost seen at anglo american. >> well, deutsch bank posts its first annual loss, hurt by weaker trading and litigation costs. an investor press conference due to start any minute. >> an earnings miss for roche weighing on the smi. a major negative currency impact. the ceo says he sees the effect waning. >> we've seen this leveling off. the dollar is also quite strong. probably we'll see less of an effect, but then again, who knows how the currencies will develop. >> defensive to the very end. japan's defense minister resigns, but he continues to deny allegations he accepted a bribe, saying it would lack dignity. >>> hi, everybody. welcome to another "street signs." we're both very happy you're along with us for the ride this morning. shares in deutsch bank kicking off with one of the bigger corporates here in europe. they're trading lowe

@nancycnbc, @louisa bojesen. also, we've been talking about beards because of the term lumbar sexual. the caveman look coming back. it was made popular, among others, by tom hardy, who can pull off this slightly overfwroun loovergrown look, as seen on pinterest. there's also now scientific evidence to back up the health benefits of having a beard because researches at a hospital in boston found that the faces of bearded men were three times less likely to host the mrsa bacteria than their clean-shaven compatriots. loads of you writing in on this as well. linda, i have to say, she says -- where was it? oh, i just lost it. >> aarently the bead wins. >> she said something like it must be like kissing a porcupine. >> can't imagine that. >> beard or no beard, we welcome all of you on the show. >> that's it for today's show. i'm nancy hulgrave. >> i'ma bojesen. have a lovely afternoon. >>> oil rout. crude prices getting crushed again, and so are stocks. china equities dropping by more than 6% overnight. >> plus, the fe

and i'm also there louisa bojesen. >> hello.hat do you make of how fantastic everybody thought ahead of the session, we open in green? >> well it's no surprising, as he's said, the biggest two-day rally in many years. what i don't agree is how many markets are gent on the intermarkets. the index of the emerging markets, stocks, currencies, junk bond, other commodities, they're practically identical to the oil price. so if you believe that the oil price is close and it will recover and the forecast of when it's going to recover, second half or earlier this year, then actually, it's quite bullish for markets generally. it's interesting, this morning, i don't know if you saw it, but they talked about getting back production. because they said what's the point producing. we're better off having one barrel at 50, than two at 30. >> but why are we following oil so closely, all of a sudden, as equity market investors? >> i've never seen this before. such a high correlation. i suppose what's happened is, when key metrics change graduall

i'm louisa bojesen. >> and i'm nancy hulgrave. these are your headlines. >> a tempered first hour of trading for european stocks. the shanghai composite finishing in the red. losses in china racking up to $1.8 trillion in year. >> and apple swallows the slowest iphone growth since its creation as ceo tim cook sees signs of softness in china. this weighing on european suppliers. >> investors not turning a blind eye to weakness at the eye care division. the unit's underperformance weighs on fourth quarter results. the ceo tells us it will return to growth. >> we don't expect it to be a quick fix. it's probably going to take us mid year before we see a turn on that business, but we expect to exit the fourth quarter with low to single-digit sales growth. >> rbs stumbles out of the gate after fourth quarter profits will take a surprise hit to cover litigation costs. >> hi, everybody. good morning. middle of the week. >> that's right. >> and it seems like every day we've started off on a similar vein. markets have just kind of reversed