cnbc's nancy hulgrave joins us live from london. nancy, this news comes just as leaders are meeting in davos for the world economic forum. oil, sure to be a major topic this year. >> that's right, shiba. because as you said, oil is on the back foot again. we had hoped we were getting a bit of a bounce when we spoke just yesterday. but once again, crude getting below that $28 a barrel level. and the world's leaders, oil executives, and ceos among them are meeting at the world economic forum in davos, as you suggested, very concerned about this ongoing volatility in oil prices as it continues to bring down equity markets, as well. but it's not just executives in the alps, famous movie star leonardo dicaprio was also there receiving an award for his work in climate change but rather than pay tribute to the oil executives there he shot out at their corporate greed and insisted that we have to do something about climate change and said that fossil fuels should remain in the ground. that was the message from leonardo dicaprio. we'll have t

cnbc's nancy hulgrave joins us live from london with more. what are the numbers?really trust them? >> well, louis, that's the big question. but on the surface the numbers were largely in line with expectations. it was 6.9% economic growth for the full year of 2015, and for the last quarter of the year we're looking at about 6.8%. as you mentioned that is the slowest growth rate since 1990s. just to give you a reminder of what 1990 actually looked like at the time the soviet union still existed, george h.w. was president and this is one you may remember "home alone" was in the box office. one of the box office hits. so that gives you an indication of how long ago it was that the chinese economy was growing at this pace. nevertheless, asian markets cheered the data because some see this level as enough to bring about further stimulus from the central bank, which would, in effect, really, support global markets. one reason we're seeing a rebound in european stocks here today, and we're expected to finally get a bit of relief rally in the u.s. as well as traders get b

second time this week as authorities there accelerated the devaluation of the chinese yuan cnbc's nancy hulgravefrom london with more. nancy, not a great start to the new year for china. >> that's right, louis, and not a great start to the new year for all of the entire global markets here. but as you just touched on, a lot of the fear, the negative sentiment, has really been sparked from china, as you suggested, with trading there halted for the second day that's in this new year. and that was less than 30 minutes of trade. well that nervous sentiment is spilling over to the european market. we've seen sharp losses across the board here. and, it seemed to spill over into wall street. when you look at u.s. futures we're talking about an inplied open for the dow jones industrial average down more than 400 points. so could be another ugly day for traders there. and they're also taking a cue from the dramatic drop in oil prices, as well. we've seen brent crude now touch a 12-year low. so there seems to be no end in sight to this dramatic drop-off. we've been watching for quite some time now in crud

. >> 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

. >> 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

. >> cnbc's nancy hulgrave live from london, thanks sop. >>> time for sports.begin with sunday's divisional matchups in the nfl. denver, one turnover in this game and a costly one for pittsburgh. the steelers driving looking to add to their one-point lead in the fourth quarter, the ball is punched out of the arms of fitzgerald toussaint and recovered by denver. peyton manning marches the broncos 65 yards down the field to set up the team's only touchdown of the entire game. one-yard run by c.j. anderson that gives denver the lead for good. they go on to win it 23-16. >>> now to charlotte, north carolina, the panthers put on a show in the first half against the seahawks, jumping out to a 31-0 lead, midway through the second quarter, but seattle comes out fired up in the second half, finally getting on the board with a touchdown on their opening drive in the third quarter, the beginning of a furious rally by the seahawks, but it is not enough to overcome the big carolina lead, the panthers hang on to win it 31-24, so what we have is carolina will host the cardina

. >> and i'm nancy hulgrave. these are your headlines. stocks resuming losses in europe today after some pretty heavy selling in asia, sending the shanghai composite to a 14-month low. >> and energy stocks taking a big hit in that selloff. analysts take a dim view on the sector. >> siemens bucking the trend after a 42% leap in profits. it issues positive guidance for the year. ceo telling cnbc he's bullish on china. >> big opportunities in china. the gdp growth of 6% to 7% is still three to four times as much as what we see in europe. >> philips another leading light after the dutch company beats expectations, but the ceo warns the sale of one division will generate less than the failed chinese deal. >>> hi, everybody. welcome back. the iranian president hasan rouhani is addressing a business forum in rome at the moment. he's making the rounds here in europe. so the first time since the lifting of the iranian sanctions. he's been meeting with the pope, things like that. that meeting coming up. so he's speaking currently live in rome. we'l

. >> 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

nancy hulgrave joins us now with a view of european markets from london. nancy. >> hi, wilwilfred.ell, there was so much optimism, we thought the two-day rally was going to turn into a long rally. that is not the case. the good news coming off lows of the session, nevertheless, we are back in negative territory. let's take a look at the sectors one by one, because investors here continue to take a cue from the move in oil prices. with oil prices back in the red, it is no surprise we're seeing oil and gas stocks among the worker in europe. the overall sector off about 1.6%. also interest in banks which did get a boost and that rally, 1.4%. and let's take a look at how this is playing out in the markets. ftse 100, no trice. off by 1.3%. the dax did flirt in positive territory a minute ago, this despite disappointing data coming off the german think tank there. the french cac off about 0.42%. the italian market, ftse mib off by 0.7%. after the banks last week, the government executives there coming out trying to reassure investors that we do have a down day in italy as well. investors

. >> and i'm nancy hulgrave.hese are your headlines. >> after the best two-day performance in seven years. >>> senior executives at twitter fly the nest in a surprise shake up as ceo jack dorsey attempts to smooth the ruffle feathers. >>> the cleanup continues after a monster storm drops record snow on the east coast leading to more than 12,000 cancelled u.s. fliekts. >>> good morning. welcome to "street signs." well, if you are just waking up, we're going to give you a look at how u.s. markets are set to open. there was so much optimism and enthusiasm closing out the week. the first positive week of the year for the u.s. and european markets yet, look at where we're at now. u.s. markets set to open lower with the dow jones industrial average, by about 80 points at this stage. and that comes as investors are taking their cue from the moves we've seen in europe here. we did get another strong set of gains but those have faded as oil prices continue to take a leg down here. let's take a look at the stocks here. the

nancy hulgrave join s us with te latest. >> a big earnings day here in europe as well. at the moment, some earnings disappointment a s leis leadinge to the downside, but just off modestly. still getting near the session lows at the moment. let's take a look at the key sectors. that gives you a better idea of the earnings play. health care off some 1.7%. this after disappointing earnings coming from roche in switzerland is also weighing on pharma companies, especially in germany. telecoms off about 1%. retail, disappointing results from h&m. banks a big focus once again, off by 0.8%. the big focus here is on deutsche bank. shares are trading lower after germany's largest lender reported that fourth quarter loss of 2.1 billion euros, hurt by weaker trading. a lot of this was expected after the preliminary guidance. we're listening to comments from the co-ceos as we speak. that's not doing much to reassure investors. back to you. >> all right, nancy. thank you very much for the update. in other headlines this morning, u.s. health inspectors have found the practices at a th

nancy hulgrave joins us with an update from london. >> i wish i could bring you better news, but the fact is selling is picking up momentum here with just over two hours into the european trading session. we're right around a session low now with the main stoxx off 0.8%. we're starting to sound like a broken record. as the price of oil goes, so goes the direction of equities here in europe. a similar story on wall street. no surprise we're seeing oil and gas off about 2.2%, underperforming all the other sectors at the moment. banks here are seeing some weakness, off 1.6%. we saw a report. rbs taking quite a significant hit tied to mortgage-backed securities in the u.s. so that moving shares sharply lower, off 3.6%. back to you. >> nancy, thank you very much. >>> when we come back, the great debate about debatings. we're less than a week away from the iowa caucuses. if you think you've already seen it all in this campaign, think again. how donald trump is looking to change the game. that story coming up on "worldwide exchange" here on cnbc. in new york state, we believe tomorrow start

let's get to nancy hulgrave for an update. >> wilfred, central banks to the rescue once again, also puttingen on the screen here in europe. let's look at the stocks here. we're up by a solid 1%. we did shoot up sharply higher after the announcement from the bank of japan. the gains continuing here, buying across the board. we can look at the markets one by one. it's a similar picture. the ftse 100 up about 1%. but remember, these gains will be good news for a month that has been terrible for investors so far. let's take a look at again how the markets are trading here. the kickoff to the year, the dax so far off 10%. the french cac 40 off 6%. the ftse mib off 14%. despite the gains we're seeing on the session, there's no doubt that investors are keen to see if they hold, whether or not wall street will keep these gains going in the last trading day of the year. so far it has not been a pretty picture for investors here in europe. >> nancy, thank you very much for that. sara, interest to be see the ftse 100, the commodity heavy, energy heavy index in europe up higher than the others. but of