every investor knows that. >> mario greco there. karen, you mentioned the stock is down by roughly 1.6% today. may also have something to do with the fact that shares have had a good run over the last 12 months, up roughly 30%. so maybe an element of profit taking in there. the outlook for 2017, rates, policy and market rates are likely to improve further. that would benefit every insurer and the economic picture is looking more rosy. not just in europe but particularly in the u.s. back over to you. >> thank you very much for that carolin. >>> thomas cook is trading lower this morning. the tour operator said bookings for the summer were up from last year with 31% of holidays already sold. very early bookings. the company provided a cautious outlook for the remainder of 0101 2017. and thyssenkrupp shares are down, this after the german industrial group saw adjusted operating profit rise 40% in the first quarter thanks to a boost from the lift business that was in line with analyst estimates. joining me is investment director from g.a

anna: we speak to the ceo of that business, mario greco joining us next.erg. ♪ manus: it has gone 8:18 a.m. in berlin. the dollar is [inaudible] it is day seven of a rally in the dollar so the question have to put to yourself is is it euro strength or dollar strength, has the dollar turned a corner? here's your business flash. fourth-quarter profit fell 5.2% on a jump in provisions for loans. net income decreased to 183 million euros as provisions surged to 219 million euros in the quarter, that is above analyst estimates. we will be speaking to plu's cfo. the u.s. president slammed the company for dropping daughter ivanka trumps brand. his tweets have hammered stocks in the past. carlsberg is weighing the purchase of between percent tao brewery.tsing they're working on a bid for the potential stake. the shares are 1.2 billion u.s.. it rose today to its highest level in more than a year. deutsche bank is shedding its u.s. swaps clearing business as part of an overhaul of its investment bank to improve profitability. onording to a person briefed the decisio