in that joint venture and rosneft could be one of the partners.at's not something he wanted to answer just yet. the walls will be burning tomorrow when bob dudley shows up to st. petersburg. >> let's talk about the greek debt crisis. from asia to wall street, everybody is talking about this. the latest we understand is a member of the ruling coalition has now resigned. we have the government and the prime minister going for a vote of confidence in the parliament soon. is it the hot topic of conversation there where you are in st. petersburg? >> absolutely, because russia's fighting a capital flight problem right now ahead of presidential elections in march 2012. $25 billion so far in the last year. they're concerned about any run on any country. i did an interview with jim wolfenson, which we'll run later on cnn. he talked about the gap between the private banks and the government and the people. the gap is far too wide. he thinks the european union and european central bank and including the imf have gone a step too far to protect a private inves

rosneft just looking at b.p. they'll look other companies out there so it's not just at all shell it's possible partners for exploration deals and you also circle ok so what lessons do you think that i mean you were talking about other companies are there any other companies apart from shell and start all you think they have teamed up with if the deal fails . well there is also exxon as well i think was no fool be very keen to get the deal done with b.p. because. everything that's been going on over the last year or so are in a fairly weak position and it's unlikely that any other company out there any other or company is likely to offer a shares for people that are offering is also i think. would be good for both parties b.p. needs the exploration in the arctic circle it's got interest in brazil and in the middle east and around the u.k. but the arctic circle could be massive for it and it would be a fantastic overalls and if there's well but given the situation that we see now what lessons do you think that b.p

and they're likely to to approach rosneft again in the very near future and try and strike a deal. that has learned a lot in last few weeks with regards to all the goings on with rosneft around here in k. and has basically got to bring it. back to the table and get them involved as well. so good at the markets and crude continues to go up after fail to agree on increasing output raised for years supply shortages later this year light sweet is about one hundred one dollars per barrel brant is that exactly one hundred and eighty. in europe there's a mixed feeling after the e.c.b. chairman. a rate hike may be coming next month is the code strong vigilance and his speech about inflationary pressures will see in the. russian markets have one more hour to go and they are positive this half percent my sex point six percent. individual share movers metals miner and k. is up one point six percent the company has almost trebled its net profit in the first quarter of this year to reach three hundred ninety two million dollars carly is up one point four percent the first lies of producer and s

and they're likely to approach rosneft again in the very near future and transfer i feel i think b.p. has learned a lot in last few weeks we would have lost all the goings on with rosneft around here in kerry and has basically got to bring. back to the table and get involved as well. as going to the markets in crude oil is continuing to rally after opec failed to agree on increasing our push this raise fears of supply shortages later this year like. domo stajan two dollars per barrel brant is one hundred nineteen on the high. he was markets are trading in the black rebounding after a long streak of losses on data showing the u.s. trade gap has narrowed in europe there's a positive feeling after you see the chairman john said a rate hike may be coming next month as he used the code word strong vigilance a word combination rather in his speech about inflationary pressures i thought these are point eight percent the dax one point four the court. russian markets matter suppose the third consecutive session of gains with one hundred percent my stocks one point six if you look at some of th

going to be he has learnt a lot in last few weeks we would have lost all the goings on with rosneft downs here in k. and has basically got to bring. that stake in seeing kate back to the table and get them involved as well. as markets and we start with commodities traditionally group continues to rally after opec failed to agree on increasing out of this race fears of supply shortages later this year nights we do straight in above one hundred dollars for balance hundred one grands is down by just a notch at one hundred seventeen. european stock markets are trading in positive territory the fourth see here's a expecting a positive opening in the united states ahead of trade and the jobs data this is why what we're seeing right now is commerce bank down around two and a half percent pretty good call dropping one point six percent this is all on the awaiting of expected over outcome of rates it is setting policy meeting soon from the bank of england and the european central bank and shares of nestle also falling off the barclays capital out of its equal weight from overweight russian m

and they're likely to approach rosneft again in the very near future and try and strike a deal. he has learned a lot in last few weeks we would have lost all the goings on with rosneft and here in k. and has basically got to bring. back to the table and get them involved as well. roy let's move to the markets and oil is our let's continue to rally after the opec failed to agree on increasing output this race fears of supply shortages later this year lights redesigned so one hundred a month and a half dollars per barrel brant says more than one hundred eighty u.s. markets opened in the black rebounding after a long streak of losses on data that showed the u.s. trade gap narrow and europe was the next feeling easy be chairman john coltrane's she did a rate hike maybe carney next month leave because of strong vigilance in his speech about pollution prices but after the positive opening in the u.s. food c. and the dikes in our point four point eight percent respectively russia markets have just twenty minutes to go trading the r.t.s. is up one point two percent my six one and a half

that has learnt a lot in the last few weeks we would have lost all the goings on with rosneft around here in k. and has basically got to bring. back to the table and get involved as well. as most of the markets we start traditionally with crude . saying it's a go it's slightly lower than what we've seen it a couple of hours ago soft over and failed to agree on increasing output and this raises fears of supply shortages later this year light sweet is going to one hundred one and a half dollars per barrel brant is a more than one hundred ninety. us markets are trading in the black or abounding offers long streak of losses on data showing the u.s. trade gap has narrowed in europe there's a positive feeling after the e.c.b. chairman john called trees and said the rate hike may be coming next month because he used the strong vigilance in his speech about inflation pressures footsies up point eight percent because dax one point four russian markets were seeing a straight session of games with the r.t.s. m i six putting on more than one half a set let's take a look at some of the stock move

he has learnt a lot in last few weeks we've lost all the goings on with rosneft around here in k. and has basically got to bring. a stake in seeing kate back to the table and get him involved as well. let's look at the markets now we start with crude oil traditionally and continuing its rally after opec failed to agree on increasing output this raises fears of supply shortages later this year light sweet is just below one hundred two dollars per barrel branches over one hundred nineteen. u.s. markets are still trading in the black there rebounding after a long streak of losses of data showing u.s. trade gap has narrowed the dow jones is up one percent nasdaq point six. in europe the session first the session is close now with a foot sea and then point eight percent one point four percent for the dax this is the positive feelings of the e.c.b. chairman. said the hinted that next month there might be a rate hike because he used the word combination strong vigilance that's always a crowd sign. and the russian rockets also close one half percent of the r.t.s. are nice on the back of t

million barrels of oil and twelve billion cubic meters of gas a year there's been a lot of progress on rosneft improving downstream capacity it's taken germany's move or will go increase through pointing and giving access to new technology and looking east a joint venture would see m.p.c. to build a refinery in china will greatly improve it's going to trade far east markets so the new leadership will have a lot to smile about but solving the problem. in the arctic will be their toughest task. russia is considering reducing its holding in a number of key state companies to lock in the states the state is looking into privatizing more of oil major roles nafta bigsby banker ross bank and power generating company response for russia's plans to sell assets to more than one thousand three hundred state companies without losing control and the key players. figure out how the markets are performing crude is down almost three percent that's on the back of a stronger dollar and reports that saudi arabia may start pumping extra more oil next month u.s. markets are heading for their sixth consecutive week

number of key state companies to blocking stakes states looking into privatizing more of a major rosneft of bank b t v ross and hans bank and the power generation company roughrider russia's plans to sell assets in more than a one thousand three hundred state companies without losing control. of the not. it's now we start traditionally with the crude oil it's a declining in new york trimming the biggest weekly increase in a month that's on the back of a stronger ball of light sweet as trading around one hundred dollars and a half the barrel brant is still above one hundred ninety. in europe stock markets are trading in the red this hour just ahead of the opening of the u.s. markets the footsies down point two percent the dax pretty much the same amount stocks recovered some ground early on news the german parliament voted to approve future greek aid still these gave them limited given worries remain about the strength of the global economic recovery. here in russia the markets have one more hour to go and the most blue chips are down the saudi is down one percent my six point seven perce

of key state companies too blocking stakes the state is looking into privatizing more of all major rosneft the t.d. bank russell hawes bank and power generating company rules hydra russia's plans to sell assets and more than thirteen hundred state companies without losing control in the key players. now let's take a look at how the markets have performing this hour crude oil decline in new york turning the biggest we can increase in for light sweet is trading at around one hundred one dollars a barrel brant is almost one hundred and one thousand dollars a pound in europe stock markets are trading in the red sea the footsie is a quarter of a percent lower while the dax is down just a notch stocks recovered some ground earlier on news. the german bottom of voted to approve future greek a still these gains are limited given worries remain about the strength of the global economic recovery here in russia markets are mixed with most of the blue chips trading lower and the r.t.s. is still in the red while the spline up a bit now let's look at some individual share most of the market smallest ene

and rosneft buying out. at a more reasonable price than the one they asked for before which was around thirty two billion and believed by many to be about thirty percent premium to the market valuation why do you think this story is been in the making for such a long time now that nobody has been able to find a compromise with a knife in the us so it's a very important issue for all parties involved if he's interested in the strategic alliance with international oil major which will fund the exploration of the arctic and the development of the region and b.p. for b.p. it's an opportunity to grow ofter it was effaced the major still wind in the mexican gulf and for a for the shareholders of a are it's an opportunity to sell out of a company and perhaps exit it oh i thank you very much for the good of you to analysts from invest at the end of end of research. all right we have time to just look at the markets how they're faring this hour with the united states and they are trading in positive territory rebound

rosneft says it plans to find a new partner to help develop the arctic and energy minister sergei shako highlights the tie up nonetheless triggered the investor interest for this project and that's all we have time for from st petersburg stay with us on our. it with. you without see it live from moscow a recap now the top stories the russian president pledges drastic measures to create a woman investment climate in the country do centralizing power and defeating corruption are among the goals voiced by dmitri medvedev at the international economic forum in simply has been. no consent no catch us the congress members say they'll cut funding for the libya campaign unless the president gets the proper constitutional go ahead obama's in ninety days of action without sanction runs out this weekend but the white house claims there's no need for can go. consent. and the palestinians are out of pocket. millions in tax dollars it's left tens of thousands of people without their wages in a move that tel aviv claims is necessary to prevent terrorism. right next to. russia's black sea coast is a re

million barrels of oil and twelve billion cubic meters of gas a year there's been a lot of progress on rosneft improving downstream capacity it's taken germany's rew oil will increase three pointing and giving access to new technology and looking east a joint venture with c. and b.c. to build a refinery in china will greatly improve its penetration of far east markets so the new leadership will have a lot to smile about but solving the problem. in the arctic will be their toughest task. russia is considering reducing its holding in a number of key state companies looking states the state is looking into privatizing more oil major ross nafs bt bank roll sam has bank and power generating company. russia's plans to sell assets and more than for two hundred state companies without losing control the key players. take a look at the markets and here in russia they ended the week on the negative notes this was on the back of the climbing world prices and a stronger dollar if we look at the individual share movers on the my sax the most energy move was mages were losing with the gas from down one poin

the largest deposits in the world because also in talks to develop oil in the russian arctic with rosneft it says it is willing to take pot but wants to own the resources and not just be an investor. the european cucumbers will soon be back in russian supermarkets the government is a lifting its ban on vegetable imports from the e.u. imposed following the e. coli outbreak imports may resume by the end of this month however there are certain conditions producers will have to fully certify the hygiene of their vegetables russia has been under pressure from europe to list a bad saying it had to end protectionist measures as part of its ambition to join the two yellow. and cream but we have closed the chapter we should be a big debate for much deeper cooperation and collaboration between russia and the european union. by the sort of three and five percent of the issues which is very important. for the movement of the. let's have a look at the markets now oil prices are trading low with both my suite. down just under ninety three dollars and brant at one hundred eleven dollars a barrel correct

largest oil producer yuki recently failed to buy out its russian partners we have blocked the deal with rosneft now b.p.'s partners have objected to the sale saying it will lose control of the company analysts say the deal could help you improve its shows but it may also be a blow to the companies oil but. it's not a policy making in the new russia is very similar to what it was in the old soviet union a study by a research group at the institute for economic policy says in both cases only state expenses are balanced revenues but hours from business news europe magazine explains it just up the powers than it are for from the beginning you need the states to do a big push where you spend heavily on infrastructure problems turning you put some money in the system and then once you get this sort of green shoots of rice then the state needs to step back and business and that's not state spending that's about tax credits and maybe some bureaucracy. rushes about station or worse transition with the state spending it needs to nurture a business that is not very good at it if he still thinks in terms o

as you majors are somewhat losing ground however because of the oil price in individual movement rosneft is down point three percent as well as looking for directions where a bank is also on the rise health reports it's been for. for trading in london and in frankfurt and a role seller call gives up almost one off the said one of the strongest stocks all to announce a six percent increase in net profit for the first over. up next i'll tell you headlines with a nice.

twenty five percent say shareholding in team came in to be sold to a strategic competitor such as rosneft ultimately moved by b.p. to negotiate a more fair valuation for a share both team k d p i think you go she says will take place but the reason why b.p. is pressing for a new this is that they're interested in developing the arctic reserves sort of rushing joint in joint venture with the next. leg of the markets now we start with and prices actually surprisingly makes light sweet the spalling seventy five cents brant is up by almost the same amount to one hundred fifteen dollars a barrel this is a opec members are gathering in vienna to review the target for oil output and also worries that the u.s. recovery underscore expectations of waiting to mount the energy some of the stock markets so we start with the united states they are trading in positive territory rebounding after a long streak of losses and tracking gains in europe alcoa is leading the gains on the dow it's up to. well procter and gamble's losing ground zero. stock markets in europe ended tuesday's session slightly positi

that's on the agenda according to russia as well giant also if there is also the possibility that rosneft will be buying a share and now one of china's. oil refineries both men were very keen to stress that energy isn't the only that for a development for moscow and beijing both men have signed an agreement that will see their bilateral trade turnover reach our hundred billion u.s. dollars by the year trying to. juggle that tide here twenty twenty there are going to be more business deals army agenda which empowers chinese leader will be traveling to st petersburg with his russian counterpart where they will participate in the same petersburg economic forum where most people expect more business deals to reach the table of the chinese delegation he told course of many more interesting aspects of this relationship to be seen in the next few days the two leaders met just a few days ago in us the not during a summit of the a c. old states and of their of the two leaders once again repeated the reiterated the position that violence will only lead to violence that the military intervention tha

he has learnt a lot in last few weeks we would have lost all the goings on with rosneft around here in k. and has basically got to bring. back to the table and get involved as well. the markets now and crude continues pretty hefty gains that is posing after opec failed to agree and increasing our ports now this raised fears of supply shortages later this year light sweet is trading about one hundred and two dollars per barrel new records every hour pretty much and breadth is up but more than one hundred and ninety. u.s. markets are trading in the black there rebounding after a long streak of losses on drugs are showing the u.s. trade gap has narrowed their agendas up more than one percent this hour in europe there's also a big positive feeling after e.c.b. chairman john clued into the rate hike may be coming next month this is because he used the code strong vigilance of his speech about inflationary pressures for the and the dax up point eight one point four percent respectable. in russia the markets saw third consecutive positive session with the r.t.s. paul posting one half percent

has confirmed its optical lines with russia's rosneft is effectively dead at the same time the company says it has no plans to sell its stake in its russian joint venture take a b.p. he's partners of the firm have opposed the proposed deal with ross nafta and the company it's going to focus on oil exploration outside russia. so the stories russia's economy is on the rise but growth remains not right despite the high oil price g.d.p. grew just four and a half percent in the first quarter and the world bank expects it to slow down slightly in the next couple of years but says that's nothing to worry. the group of seventy eight percent it was basically based on a very neat historical circumstances that would stream the global liquidity in the weeks to be real price she's incredibly pleased with its recent return to sort of the parachute you know we are in a world of much more moderate growth and much more constrained international economic environment and that is the new reality of the normal for which we operate . let's have a look at the markets crew continues to rally after opec failed

more attention we remain constructive on the big cap the oil and gas names are particularly well rosneft and gazprom side of space we're increasingly positive on our real estate developers are going number one the huge structural demand for housing in russia secondly the fact that long growth is accelerating and we saw that very clearly banks are first quarter numbers this week and thirdly we see a continuing. real estate prices we can get a bit examined closely in that space are topic is l.s.r. which has recently joined the russian index as of june first trades are a compelling valuation and. we expect to see positive news flow in that space michael stein from a christian there with his analysis of what sectors we can also watch today so more news for you online at origins of concierge business and join me less than one last time for more business news here on archly. in one thousand nine hundred two dr ralph greenstreet university of pennsylvania said what if i can take the gene responsible for growth in human beings and put it into a man's. gone all the main risk issues also have to d

blocking stakes the state examines the possibilities of privatizing the biggest stakes in all major rosneft t.v. bank holds bank and power generating company routes hydro earlier russia planned to sell assets and more than one thousand three hundred state companies without losing control in key players. the wounds of mother nature have made a big bread issue dry weather in the u.s. and europe are fueling supply concerns pushing grain prices higher and westerners are putting their hopes in russia lifting its grain ban next month. from index futures group outlines the general for wheat prices at the moment. we is like a weed it grows very quickly so even though you go through drought conditions and you know that ukraine is a wonderful example of that what we saw happen in russia back in august and the reason why we saw the prime minister do what he did and that was hold at sports coat was very indicative of as as a as a commodity equals very quickly now having said that what we eat is not and we have to keep this in mind is not a substitute for fuel whereas warne and sugar and other commoditi

million barrels of oil and twelve billion cubic meters of gas a year there's been a lot of progress on rosneft improving downstream capacity it's taken germany's rule will increase refining and give access to new technology and looking east a joint venture with e.m.p. seed to build a refinery in china will greatly improve its penetration of markets so the new leadership of grozny have to have a lot to smile about but solving the problem. in the arctic will be their toughest task. russia is considering reducing its holding in a number of key state companies to blocking sticks the state is looking at so you privatizing more of a major ross nafta b t v bankroll said cause bank and power generating company ross hydro russia's plans to sell assets in more than thirteen hundred state companies without losing control in the. second to how the markets are performing at. crude oil is declining trimming the biggest weekly increase in a month that's on the back of stronger dollar might speed is trading at just below one hundred one dollars per barrel brant is a around one hundred ninety. in europe stock

is unlikely to be enthusiastic about being hot own by rival rosneft but while the state of the sale could help b.p. improve its financial may also be a blow to the company's well output. because of its policy making in the new russia is very similar to what it was in the old soviet union a study by a research group at the institute for economic policy says in both cases growing state expenses are balanced but extra oil revenues but as from business news your magazine explains it's just. a far. in the beginning you need the states through a big push where you spend heavily on infrastructure that was promised turning you put some money in the system but then once you get this sort of green shoots of free and price then the state needs to step back and nurture business and that's not state spending that's about tax credits and labor code so bureaucracy cutting it down red tape in my view. is a station hours transitioning out of the state spending and it needs to nurture business and it's not very good at it it's a definite still thinks in terms of the big push you know just put more money in

recently failed to buy out its russian partners who had blocked the deal with rosneft now b.p.'s partners are objecting to the sale saying they will lose control of the company analysts say the deal could help b.p. improve its financial situation but me also be a blow to the company's well output. you know the policy making in the new russia is very similar to what it was in the cold in the old soviet union a study by a research group at the gaidar institute for economic policy says in both cases growing state expenses are balanced but the extra oil revenues that arris from business news your magazine explains it just after the need for reform. in the beginning you need the states through a big push or you spend heavily on infrastructure you keep it was almost turning you put some money in the system but then once you get this sort of green shoots of free enterprise then the state needs to step back and nurture business and that's nor state spending that's about tax codes and labor codes and bureaucracy coming in firmer it's right in my view and russia is at that stage now as tr

could be taking steps to sell its fifty percent stake in russia vanity and katy perry to state run rosneft the move could help the british oil majors save its landmark corp deal with russia's largest oil producer b.p. recently failed to buy out its russian partners would block the deal with ross nat and now the peace partners are objecting to the sale saying they will lose control of the country and the save you could help b.p. improve its financial situation but it may also be a blow to the country's. economic policy making in the new russia is very similar to what it was like in the old soviet union that's according to a study by a research group. for economic policy and these it says in both cases growing state expenses are balanced by extra oil revenues ben arest from business new europe magazine explains it just amplifies the need for reform. in the beginning you need the states to do a big push where you spend heavily on infrastructure you get with the promise turning you put some money in the system and then once you get this sort of green shoots of free enterprise then the state le

six take a look at some individual share movers on the my segment of the shares are leading the way rosneft up point nine percent move half a percent bucking the trend in the banking sector where most of the stocks actually fall there is no most bank it's up one hundred percent up to support of a one hundred fifty million dollars or more for. a merger of moscow's two stock exchanges the r.t.s. on the my sex is on the way the central bank says. he lives could be believed would be inclusion of a global financial institution european bank for reconstruction and development and the international finance corporation are all potential partners central bank is ready for talks that says it's premature to discuss the exact shares the d. try to buy into the r.t.s. last summer but the move was blocked by a financial regulator now and the sake of usable international partner could bolster the stock exchange. has promised fired a warning shot at the euro over the hotly debated russian gas deliveries savior the company's c.e.o. alexei miller says if the current price model does not suit european customer

rosneft says it plans to find a new partner to help develop the arctic and energy minister sergei shakohighlights the tie up none the less triggered the investor interest for this project and that's all we have time for from st peter's.

energy shares were actually mixed with rosneft declining why not look or was up one percent surveying also on the rise held by reports it's eighty years have been approved for trading in london and in frankfurt prices that exactly hundred roubles for share growth telecom slipped into the red by the closing on trade while it was one of the top came as all day after another six percent increase in the profit for the first quarter and from gazprom bank wraps up today's trade. it's already this summer and it was sort of the window to make this kind of little bit of the national alliance we're sure would probably a little more optimism because obviously the market was getting nervous about different things in greece first of all with when it's at least in terms of being involved in it's all done. should be some relief on the market russian central bank has left a key interest rate unchanged for the first time since november the refinance rate has been capped at eight point two five percent after two increases earlier this year the decision comes amid slowing inflation and europe's debt cri

about a deal that could become an important deal of this decade the failed arctic tie up between rosneft n.b.p. countries were planning to jointly develop the arctic but the deal collapsed in b.p. and another russian partner they are opposed the agreement despite this b.p. says they are optimistic. we were not successful in reaching a set of commercial conditions that were acceptable to all of the companies involved i think the concept though of the strategic partnership like this was good for russia good for. the energy markets and good for all of the companies involved.

million barrels of oil and twelve billion cubic meters of gas a year there has been also progress on rosneft improving downstream capacity it's taken germany's route oil will increase replying and given access to new technology and looking east a joint venture would see m.p.c. to build a refinery in china will greatly improve its penetration of far east markets so the new leadership will have a lot to smile about but solving the problem of full clark know them in the arctic will be their toughest task. denise for lawsky report russia is considering reducing its holding in a number of key state companies to blocking stakes as things looking into privatizing more will need to roll snap to bt bank holds bank and power generation company ross russia's plans to sell assets in more than thirteen hundred state companies without losing control in the key players. secret of the markets this hour and crude is down almost three percent that's on the back of a stronger dollar and reports the saudi arabia may start pumping extra oil next month. u.s. markets are heading for the sixth consecutive week of d

by just a notch if we look at the some of the heavyweight stocks on the my six they're all green rosneft is up almost couple cents burbank is one point three percent black and no one is bank is one and a half percent high after putting a one hundred fifty million dollar profit in the first quarter. castro has fired a warning shot at. the e.u. over the hope they debated russian gas deliveries to europe the company's c.e.o. alexei never says if the current price model does not suit european customers it would deliver its gas to asia instead it's a coconut or else he believes the remarks are intended to spur china rather than the e.u. . i think is pretty much stating the obvious in the sense that everybody knows that sooner or later gas from will start supplying gas to china and that will be quite significant of slightly less than half of what it's now supplying to the e.u. . maybe even more see how it works out but. it's very much repeating the obvious given a slightly different color can you and it's also head of the economic forum in st petersburg where we would like to see some kind of

cyclicals some individual share movers on the my stocks energy majors are higher at the close so rosneft getting forty nine percent banks like good globally and russia which trading positive ways by banking point nine percent know most banks one point eight percent off the reported one hundred fifteen million dollars profit in a post-mortem and it's not going to come out to renee since capital perhaps not the dates. to start talking about to be performance we should talk about. worst weeks to ground a major theme or for you last week was the data from green you were supporting me which was the trigger for everything today we've got a very small market volume sort of broad thirty percent of the usual volume people are sleepy and people are for the i fink from the european central bank official speech shows the. despite high oil prices and only a balanced budget russia seems unable to stab capital at the central bank says five billion dollars fled the country in may with the ad you also look specter to be around thirty five billion dollars and there's believe it's largely due to unattracti

not sure if we look at the movers on the my six we'll see that energy majors were trading higher rosneft gaining point nine percent banks were doing pretty well in russia unlike other global markets is by again point nine percent and no most banks gaining one point eight percent after reported one hundred fifteen million dollars profit in the first words of any consequence he's got renesas capital wraps up today's trade. to start talking about to be performance from sort of the last week stick around so i don't see the major theme or the last week was the data from the u.s. economy which was the trigger for everything today we've got a very small market the world i'm sort of wild thirty percent of the usual volume people are sleepy and people are waiting for their clues i think from the european central bank official speech on thursday. join business out see if you can in fifteen minutes time we will be here with an update. on. culture is that so much about the taxpayers and i mean it is a shame because my people here am saving the hero in the financial and political costs of doing so is