. >> seema mody has reaction from london london. >> r t financial capital cheer the massive stimulus move and we saw that play out. the investors rotating out of european bonds into equities. in fact investors setting the 100 stocks listed on the london stock exchange up by around 1%. but really had participants in london talking was the big move and best in seven years against the euro. the strengthening pound something the bank of england is watching closely since along with plunging oil prices have capped inflation in the u.k. well below its central bank target of 2%. so what is a weaker euro versus a pound mean for the consumer here in london as well as the u.k.? well it means goods in britain will be less expensive, perhaps making them more attractive another boon for the u.k. consumer which is already enjoying low unemployment and a recent pick-up in wages. for "nightly business report," i'm seema mody in london. >> and geoff cutmore now with more from the world economic forum in davos, switzerland. >> the reaction to the european central bank's announcement here at the world e

i'm seema mody. here are your headlines from around the world. european leaders voice support for greece amid questions in the eurozone. >>> the oil majors take the center stage pushing the oil stocks into the red. bp earnings in danger due to plunging prices and the slide in the rouble. >>> iran's president references a referendum on key issues from the west. >> translator: i swear to god that this is not possible. a political life experience tells us that the country cannot have sustained growth in isolation. >>> and a stock on the move. shares in bmw sink to the bottom of the stoxx 600 after the german carmaker confirms to pay subsidies to those who suffered losses last year. >>> happy new year to all the viewers returning from holiday to join us on "worldwide exchange." wilfred, happy new year to you as well. >> you are like five days late but how was your holiday off? i hope it was much enjoyed. >> it was wonderful being back in the u.s. and spending a few days in berlin learning history to get

>> filling in on seema mody.i'm just -- >> i guess that's what happens when you go to london to do that. 4:00 a.m. shift here and not a flight. >> that would be correct. >> absolutely right. >> dom and me here on boxing day. >> seema, thank you for staying up late for us tonight. >> appreciate it. 12 minutes to go here. and again, not much of a bid. we have the dow off 311 points. s&p off 36. s&p off 72. >> down day on wall street. pros coming up tell us what and if they're buying at all this hour. stay tuned. no question about that. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitr

. >> and i'm seema mody. >> dramatic developments in france. >> and european markets on the flat lineafter yesterday's global rally that saw u.s. stocks wooil wipe out all of their losses for 2015 as investors wait for december's nonfarm payroll report. >> from europe to china, deflation fears growth after producer prices fall more than expected from the lowest level since 2012. >>> shares of santander fall sharply after the spanish lender prompts a number of investors to downgrade their price target on the stock. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> french media are ordering of a possible hostage situation and shots fired in the area where police are searching for the two suspects in wednesday's attack on charlie hedbo. for the latest developments on this story, we're going to join our reporter in paris, stephane pedrazzi. >> morning, wilfred. some people have been taken hostage a few minutes ago in a local printing company. it's the northeast of paris, about 20 kilometers away from the french capital. we don't know

and i'm seema mody. >> the dow falls more than 300 points. european markets extending losses. >> oil gives up its early gains. wti now below $50 a bairl with brent at a fresh 5 1/2 year low. >>> the german automaker retains the crown of the top luxury seller of cars in the u.s. >>> the world's largest electronics show in las vegas. sony using this time to address the cyber attack. >> i am very proud of all the employees and partners we work with, as well who stood up against some of the extortionist efforts of the criminals that attacked sony pictures and its employees. >> announcer: you're watching "worldwide exchange," bricking you business news from around the globe. >> just want to get i up to speed on some data that just broke. eurozone composite pmi coming out at 51.4 versus 51.9. that was the expectation versus what we got in november, which was 51.1. again, the december composite coming out at 511.6. >> we have had the numbers out of the individual countries. spain came first. that was a good reading, 54.3 in euro, came up a little bi

i'm seema mody. >> and i'm wilfred frost. here are your headlines from around the world. >>> a gunman is on the lose after shooting two officers south of paris in an incident this morning. but no link has been confirmed to yesterday's attack on charlie hedbo. at least two suspects in that incident are still on the run. >>> u.s. futures point higher after the best day on wall street in three weeks as investors cheer the latest updates on employment data. >>> dollar bull out in force. the dollar hits a fresh new year low following the greenback since december 2005. >>> tesco's new ceo davis dave lewis unveils a new plan. the stock rises off the back of it. now, in the last few minutes, officials have confirmed that the french police officer shot this morning in montrouge has died. the latest information is coming from the french prosecutor's office saying it was a police woman shot this morning in the south of paris and she how has now died in hospital. there is of course a separate incident from the one yesterday at the office

i'm seema modi in london. >> officials are still upbeat about the u.s. economy. steve liesman has more. >> reporter: central bankers focused on overseas weakness and a decline in oil prices. but they largely believe the u.s. economic recovery can withstand the challenges. federal officials saw the price as a positive thinking it would boost consumer spending though they expressed concern about the impact it would have on capital spending as all producers pull back. and the fed saw it a risk to their 2% inflation goal but many said momentum in the job market and strong economic data suggest growth could end up being better than they forecast. >> looking at the bigger picture, we're still in a situation where the macro context has the united states in particular at above trend growth and essentially 0 interest raits and the expectation that it will stay even as growth goes higher. >> reporter: the current core inflation rate which excludes the volatile food and energy running only 1.4%. the lowest 2% goal. sloongs the fed sees movement towards that goal. the fed se

i'm seema mody. >> wti hovers around $47. >> european markets and the euro steady ahead of key inflation data that's expected to show the eurozone has fallen into deflation. >>> sainsbury shares rally after delivering a strong christmas performance, but the cfo says the uk super market won't be rewarding investors just yet. >> we anticipate paying out the load this year than last year. but with all of that said i think the core of the business remains strong. >>> hopes are raised of finding the black box recorder as recovery teams locate the plane's tail under water. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> welcome to the show. lots of data coming out of europe today. the latest that has just broken is italy's jobless rate which for november has hit 13.4%. that picks up from 13.2% in october. this is the november reading that we're getting. it's had highest rate since the data series began back in 1977. so the fundamental weakness in th

. >> i'm seema mody. thank you for tuning in. here are your headlines from around the world. >> draghi does deliver. stock investors cheer. the 1 trillion qe package as the euro falls below 113. executive board member tells cnbc in an interview the market reaction justifies the bank's action. >> it is encouraging. it shows that the program is credible but it's obviously too early to tell. and what mattered for us was inflation. >> saudi arabia's king abdullah dies at age 90 following weeks of hospitalization for pneumonia. he's immediately replaced by his brother sending oil shares higher. >> telefonica is in talks with hutchison for $15 billion. >> telefonica confirms it's in talk with hutchison to sell it's business for more than $15 billion and it's payday for lloyd blankfein. he will join the crew on squawk box later this morning. you won't want to miss it. >>> manufacturing and purchasing managing index for major european countries have been coming out today. we heard from germany. january pmi falling below 51.7. composite p

seema mody. come on. >> sorry about that, seema mody. >> they're higher across the board. all eyes on the european central bank. what will be unveiled by mario draghi. the question isn't whether the ecb will unveil a bond buying program. that is expected by the market. the bigger question is how big will the bond buying program be. analysts are saying 1 trillion euros. will this quantitative easing program will enough to revive the economy. some are saying it's needed in addition to structural reform. that's one of the questions out there. will it be enough to stimulate the economy. gains across the board. xetra dax up. also want to draw your attention to the swiss index. after the sell off we saw on swiss equities last week on the back of the unexpected policy reversal from the swiss national bank we did see swiss stocks sell off last week. right now some bargain hunters coming in. index up about 1%. also take a look at the euro. it did break 115 last week hitting an 11 year low against the u.s. dollar. it's strengthened on the back of sentiment data out of germany. guys

seema mody is live for us in london. >> that's right. eurozone inflation turning negative in december, the first time since the death of the financial crisis in 2009. the big concern is europe entering this japanese style deflationary trap. bad news for the economy may be good news for european stocks as it is for the ecb president to unveil quantitative easing which does include bond buying sooner rather than later. still a lot of questions on whether quantitative easing is the answer and if it will stimulate the economy especially if oil prices move lower that could weigh on inflation. >>> goldman's ceo on squawk box this morning talked oil, the fed, the outlook for the u.s. markets. mary thompson was glued to the set. we were talking off camera. he could do standup. he is that funny. he is quite charming. >> his answers are very thoughtful. it is always a good interview to listen to or watch. during his time on "squawk box" he brushed off concerns of early selloff we saw on wall street seeing long term outlook for markets especially h

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joining us now live from the jp morgan health care conference in london is seema mody. over to you. >> not only one of the best performing sectors in the u.k. but one of the best performing sectors in the u.s. gaining about 25% and interestingly enough you would think that health care when investing in the sector you would need a multifacets approach. so now we're joined by polar capital ceo, pleasure to have you on. >> nice to see you seema. >> tell us about with a you think is needed in order to be a smart health care investor given that there's so many to account for. where would you put your money going into this new year? >> well we invest across all the sectors. you need to look across all the sectors. sometimes people think health care is drugs. >> what about in terms of how the u.k. government is trying to prioritize life sciences and is trying to to use ways to incentivized more companies to list here in the u.k. could that attention? could that capital also create good investments from your point of view? >> we hope so. one of the reasons we're here today is t

i'm seema mody here in london. heres your headlines from around the world. >> just over two hours to go until the ecb finally announces a widely expected qe plan. with cnbc sources confirming mario draghi aims to buy 50 billion euros in bonds per month. europe should also prioritize structural reforms. >> we should not overemphasize on the money. money is not the only thing. it's the investments and structural reform. >> but leading economists tell cnbc the euro area needs more than it's likely to get today. former member of the bank of england's monetary policy committee. he says germany is still standing in the way. >> it's the germanic wing of the governing council which appears to have an effective veto of the position since it voted by majority rule. >> the ceo of barclays' defends the bank position as they accuse them of not cooperating in the dark pool probe. >> our position is always to cooperate with the regulatory agencies. we have robustly responded to the allegations made against us. that's going throug