the euro stoxx 50 was up 186. that is the wrong figure. lot of green today with the dow jones opening in positive territory. it is up. the euro in positive territory. to the back just below that $1.30 mark. the european parliament in strasbourg it -- in strasbourg approved a new directive to stop the illegal export of e-ways. electronic appliances, such as mobile phones, tv sets. they're sent to countries in africa were valuable raw materials like copper are removed in seoul. but you're also needs to keep those reclaimed from materials at home. >> the police in the port of hamburger checking this shipment destined for africa. it is registered as second-hand goods. investigators suspect it is really electronic scrap. it is illegal to export toxic waste from germany. >> what we have here is a lot of broken electrical appliances. so i do not think this step is usable. for spare parts that may be, but nothing more. >> when they reach africa, the appliances are stripped down, often by child workers, for the raw materials they contain. what rema

the euro stoxx 50 ended the session down 0.25%. in new yorkth d industrials is up by over 0.5%.he euro at $1.2835. at the core of comerica bank's problems is a large amount of greek sovereign debt it is open and how much it will have to write down. the leaders of greece said private creditors are returning to the negotiating table in hopes of an agreement over their contributions to help ease the country's debt burden. a deal would open the way for more funds from the imf and the eu. they would also calm market fears of contagion. what ever happens, there's a lot at stake for the banks. >> as of the end of october, commerzbank was carrying 1.4 billion euros in greek sovereign debt on its books. analysts think a further write- down of the greek debt is unavoidable. negotiations to join the greek government and private sector lenders over voluntary writedowns have been stalled for months. at the crisis summit in october, european leaders agreed that banks and insurance companies would have to write down the greek government bonds they hold by 50%. that would relieve greece of some

euro stoxx 50 closing 0.5% lower. on wall street, the dowel in late trading, up by about 0.5%.n the currency markets, the euro currently trading at $1.2760. the detroit auto show is getting under way in motown this monday, and while many firms are hoping to stage a comeback, a german car makers will be looking to build on their astounding success. vw alone sold over 8 million vehicles last year, the most in its history thanks to strong demand in the united states and china. suv's remain in high demand in north america, and german engineering continues to attract buyers. >> the new bmw vehicle unveiled in in detroit is proof that the market for suv's is alive and well. just a few years ago, observers were predicting this sector is demise, saying there are too big and wasted too much fuel. but there is a hybrid version also on display at the show, and carmakers accept that the trend in the coming years will be toward mimni suv's. >> use it higher up, so you feel safer. that is what customers want. they're easy to get into, they drive well. you have a good view. they have been suc

a similar story for the euro stoxx 50.new york, trading still underway for the dow jones average. up nearly 0.5%. the euro gaining ground against the dollar, trading for $1.2722kraft is cutting 1600 jobs in the u.s. and canada. the foods giant says it is a part of a plan to split its business into two business, one for snacks and another for grocery foods. hopes the move will help the company run more efficiently. a majority of the job cuts will be in sales, corporate, and other business units. then make popular brands like philadelphia cream cheese and oscar meyer. the order books at airbus were filling up last year. the european jet maker says that it bought its largest number of quarters ever because of strong demand for its revamped single ideal plan. the record number allowed airbus to take a big chunk of market share from u.s. rivals boeing. but the parent company, eads, is trying to keep expectations for this current year under control. >> a record year for airbus. good news for eads chairman as well as the airbus c

the euro stoxx 50 sliding by more than 0.3%.cross the atlantic in new york, the market opened in late trading down by 0.3%1%2,425. the euro is lower against the u.s. dollar, trading at $1.2699. >> human rights groups are planning to hold some international protest condemning the guantanamo bay prison camp as it enters its 11th year of operation. the american facility is a location where hundreds of people, even children, have spent years in prison without being charged with any crime or appearing before a judge. the camp is notorious for systematic abuse. it was set up by president george bush and continues in operation in spite of promises by president obama to shut it down. >> it is a somber anniversary. prisoners were kept shackled in wire cages under the hot sun. rights groups say physical and psychological abuse was rife in guantanamo's early days, during the u.s. war on terror. more than 600 prisoners have been released. several live in britain. like this man who spent five years in guantanamo, and he bears the scars. he w

the euro stoxx 50 also had a positive day. the euro gaining ground against the dollar, but the general trend is lower. $1.2664. the german carmakers volkswagen and bmw say they are recalling more than half a million vehicles due to technical problems. vw announced a recall of more than 300,000 cars with diesel engines the models produced cents to dozen i could have possible problems due to cracks in the fuel injection system. bmw subsidiary mini is recalling 235,000 vehicles produce between 2006 and 2010. the circuit board could overheat, leading to a potential fire. the organization for security and cooperation in europe says sunday's election in kazakhstan was neither free nor fair. kazakh officials say 80% of the votes went to the ruling nur otan party, but in a nod to the market succumbed to the opposition parties will enter parliament for the first time. >> official kazakh newspapers hailed the result, while the government of the president called the elections democratic. but independent observers beg to differ. monitors

similar gains for the euro stoxx 50. trading still under way for the dow jones industrial average.has reversed some earlier gains. currently about 0.3% lower. the euro is little changed against the dollar, $1.3102. iran is stepping up pressure on europe following the eu agreement to sanction to iran by banning oil supplies as of july 1. on sunday, the iranian parliament is scheduled to debate the possibility of cutting off oil supplies to europe ahead of that deadline. tehran sees the eu's six-month phase-in for the embargo as a sign of weakness at a time when europe is already in the middle of a major crisis. the eu is iran's second largest oil consumer, behind china. the german parliament has voted to revive the country's domestic bank bailout fund. it was set up after the collapse of lehman brothers to prevent german banks from going under. the reactivated fund will have 480 billion euros at its disposal. germany has one of the strongest economies in europe, but its banks are seen as vulnerable, and some are struggling to meet new european banking authority capital requirements.

the euro stoxx 50 finishing at 2347, gaining. in new york, the dow up by 0.6%, 12,466. euro trading at a value of $1.2787. running the world's most valuable brand, apple has made it tim cooke the highest paid ceo in the u.s. he did over as ceo shortly before steve jobs died in october, and he has been rewarded handsomely for what apple's board called his critical contribution to the company's success and a smooth leadership transition.n. earnings documents filed for 2011 show that his pay package was valued at $378 million, mostly made up of apple shares. by contrast, the former ceo, steve jobs, it said in an annual salary of just $1 for many years. however, he owned shares in apple that are valued at well over $2 billion. to the airline sector, air berlin has reported a drop in passengers for the second month in a row. germany's second-largest airline says that it is caring 12% fewer people in december, although passenger figures were up for the year as a whole. the carrier has been cutting flightht connections and seats s it tries to return to profit. air berlin has b

the euro stoxx 50 at a similar story.n new york, the dow jones industrial average trading under way, and it is down on the day. the euro losing majorly against the u.s. dollar, trading for $1.2784. well, switzerland, the central bank chief has dismissed suggestions he should resign following a probe into the timing of the currency deal made by his wife. he said he followed the swiss national bank's internal rules when his wife made half a million dollar trade. the timing of the move is in question, because days later, he took action to lower the value of the swiss franc. his wife is a former currency trader who is now running an art gallery in zurich. as the debt crisis rages on in europe, many market leaders are focusing on emerging economies. india is one example. the auto expo in delhi began today, offering a showcase for car makers who want to present their wares to indian customers. clucks some 15 new car models are making their debut at the auto expo. 2010 saw indian car sales increase by about 30%. although growth

euro stoxx 50 also higher.r in your, trading still underway for the dow jones industrial average, and it is little changed. it had been rallying earlier in the day. the euro gaining against the dollar, $1.3017. the spanish economy made it back into recession this year. the bank of spain estimates of gdp will contract by 1.5%, putting more pressure on the country's already high unemployment. that jobless rate could soar to nearly 24%, according to estimates. spain may have to wait until 2013 before the economy is growing again. by what is expected to be only a modest 0.2%. rim as a new ceo. it says that its co-founders will step down from the ceo post. taking over will be thorsten heins of germany. he joined rim in 2007 and has a big job ahead of him as he tries to bring the cool back to the blackberry. the market value has plummeted by tens of billions of dollars in recent years, and new phones it deemed critical to its future have been delayed. well, he is accused of costing the entertainment industry millions

the stoxx europe 600. we kick off the week seeing a negative selling picture across the charts.et's get into the major indices to see how we're tracking across the continent. in particular the eye titalian market. you can see the ftse mib is off about 0.9% holding the 15,800 mark. in france we have a lot of selling. some of the most sold down stocks are the likes of bnp paribas pulling the market down 1%. elsewhere germany's market now also unwind iing further than their last check, down about 1%, 644 on the chart. that's a pull back of a percent. forex markets. the picture is one of euro dollar strength. the risk aversion back on the cards. the u.s. dollar being bid up. rates 1.3132. a strong week to report last week. sterling also under pressure today down about 0.4% and dollar/yen rates causing a headache for japanese authorities that the dollar/swiss is tracking firmer up you 0.6% as well. also watching bond markets. let's take a look at portuguese debt in particular. this has been one of the real standouts. take a look at this level almost at 15.5% on the yaeld and very muc

the stoxx europe 600 down 0.8%. the key market movers and see what we're tracking. weakness in the italian market is off its lows, though. down 0.9%. all tracking weaker today. the german market posting losses down 0.7% and here in london the ftse 100 is down about 0.8%. where we are seeing a lot of interest is in bond markets in particular because we had an auction today pretty much towards the top end of what the italian government was seeking and the yields also coming down worth noting we had the yield on the five year at 5.39% and this is down from almost 6.5% in december. on market today it's even lower than that at 5%. we had movement lower on the ten year on the back of the auction. now at 6.11% on market, the auction saw that go away the 6.08% well down from the 7% we saw in december but you guys were just talking about this. portugal. this is the real concern in markets today. tracking at highs on the yield, 21.22% now on the five year and this is the ten year currently sitting just shy of 16%. so you can see there's a lot of pressure still on the portugue