the euro stoxx 50 up and the dow jones industrial average is down by 0.15%. and the euro is trading up against the dollar, $1.3524. europe is losing ground in terms of productivity and that is bad for jobs. that was the warning issued by the european commission. >> they say the problem is hitting some countries worse than others, namely as a result of red tape, poor infrastructure. >> the european union has a problem. manufacturing industries are shrinking and it's hurting the chance of recovery. the european commission is worried about the decline. between 2000 and 2012 the contribution made by european industry to economic out of declined to 15% of gdp. the industrialization is affecting different countries differently. britain, france, and italy are seeing their industrial sectors shrink and in germany the situation is stable. since 2000, industrial of what has declined by up to one third and german production in contrast has stayed the same. >> over the last few years, europe has focused on economic policy as seen from the point of view of the financial s

the euro stoxx 50 ended the day pretty much unchanged. across the atlantic and in the u.s., the dow jones industrials are currently down. finally, the euro is trading at one u.s. dollar 32. vodafone says a computer hacker has stolen the personal data of some 2 million customers in germany. the company is working with german police to resolve the matter. they say the data includes names, dates of birth, and bank details, but not passports, phone records, or credit card numbers. the british-based company which has 32 million customers in germany say that police have identified a suspect linked to an outside computing contractor. the german chancellor has officially kicked off the frankfurt auto show. the one scene, going green. they would like to put one million german cars on the roads by the end of the decade and adapting to an eco-friendly future is key to the industry. this makes up a sizable chunk of the industrial base. >> efficient and environmentally friendly. german automobile manufacturers know how the chancellor likes their cars

the euro stoxx 50, the closing number. the euro making some very solid gains. the dollar slipping as a result of that. the stimulus will continue around one dollar 35. >> the european commission wants to bring down the regulatory hammer on financial markets. specifically, on benchmarks. >> the scandal last year about libor, another financial jargon. this is the referenced interest rate that is set every day by a panel of bankers in london which is meant to reflect the true rates they used to lend money. some banks were trying to rig it. >> now, the eu would like to bring supervision and some kind of transparency to this process. >> libor is the basis for financial products like mortgages, consumer loans, savings accounts, stock market transactions. that is why the eu would like to prevent banks from manipulating them. in the future, the rates will be subject to tougher oversight. >> they work like a thermometer and we are not trying to break that thermometer in order to cover-up a crisis or a fever. my job as a regulator involves ensuring that that thermometer

euro stoxx 50 also down .15%. over in new york city, the dow jones trading up .15%. the euro slightly down against the dollar. looking at the big picture, germany is a wealthy country where no one needs to go hungry, but even here, there are some who fall below the poverty line. >> a german charity project has been providing food for the country's poor and says it has never been busier. it is urging politicians to finally do something about the gap between rich and poor. families in need lineup for food handouts. men when -- manuela is a sales assistant by trade, but she has been struggling to get by for years. >> at the beginning, i felt ashamed. now i'm used to it, and it's ok. >> around 13 million people in germany are considered poor or in danger of falling into poverty. poverty is increasingly affecting single-parent households. the head of the organization is angry that poverty played almost no role in the recent election campaign. he is demanding a national minimum wage. >> we believe it is wrong for people to be reliant on food handouts or social welfare to m

the euro stoxx 50 was rocketing up. across the atlantic, the dow jones at 15,500 exactly. the euro trading a little down against the u.s. dollar. >> germany's biggest airlines need the new boss. the ceo of lufthansa has announced he is leaving to take the position is that a drug taker. >> he has headed lufthansa since 2011. the airline was hit by the global recession and fuel costs, he introduced a turnaround program that included thousands of job cuts and an expanded role for its local subsidiary. he will step down next day. from planes to automobiles and the frankfurt auto show, this is a big year for chinese firms with almost 130 exhibitors taking part great >> almost all of them are suppliers of components rather than full- scale automakers. so far, the sluggish european market has not been a draw for chinese brands. >> with some signs of life, there's hope the car market will recover. >> china's auto industry is growing in prominence. the countries fourth largest in your factor is in frankfurt for the second time. this time, it has brought an entire range of models fr

the euro stoxx 50 performing at about the same level. the dow is looking even. the euro is trading stronger against the greenback. japan's government says it will be able to contain the radioactive leaks at fukushima and have the situation completely within kroll -- within control in the next seven years. >> the olympic committee will decide who will post those games. japan has been reassuring the committee that the country is safe. >> tokyo 2020 -- >> tokyo wants to host the olympics in seven years' time. there is a decision -- as the decision approaches, organizers have been keen to stress that the plant is 250 kilometers away. they say it poses no danger to athletes or spectators. the government says it is acting decisively. >> we are aware of concerns over the issue of contaminated water leaks at fukushima. the government is taking charge and will definitely resolve this problem. >> but the problems at the plant appear to be growing by the day. readings near tanks holding contaminated water as high as 2200 millis eberts -- 2200 millis eberts -- millisieverts

the stoxx 50 slipped just a ittle bit into the red, but not by much. closing numbers there. in new york, trading slower, and the dow. here in berlin, gadget addicts have just a couple more days in their fix of the electronics show. lexmark phones and tablets. as a reporter found out, even refrigerator technology is not standing still. >> an estimated 1.3 billion tons of food land in the trash worldwide each year. one company has turned that statistic into a marketing strategy. their new refrigerators are designed with a vacuum pump, designed to keep food longer. >> the owner presses a button to start the vacuum, and the oxygen is sucked out of the fridge. we estimate that the less oxygen keeps food fresh or five times longer. you can hear it, too. and nutrients are kept. that is an advantage. >> it is also incredibly energy efficient. eu agencies have given it a top score, and saving electricity is one of the hottest trends at this year's ifa. small startups are also trying to ride the wave. one is looking to save costs by cooking heaters to smartphones. >> it lowers the tem

the euro stoxx 50 also finished the day up. meanwhile in the u.s., the dow is down almost 20%, and the euro is trading at $1.3 527. >> jpmorgan chase is paying regulators in britain and the u.s. 675 million euros, a global settlement for violations that led to a $6.2 billion loss at the bank last year. >> the bank was charged with massive failures and oversight after traders in london booked up huge losses and complicated derivative trades and hid them from the authorities. the bank was able to look sort the losses on its own, but regulators say the failings undermined trust in the u.k.'s financial markets. campaigning has entered the final stretch for germany's elections on sunday. the social democrats are fighting an uphill battle against chancellor angela merkel and her conservative party. >> the spd's candidate and other party leaders showed up at one of berlin's main squares to make a last-minute appeal to voters. polls show that the social democrats are trailing the conservatives by at least 10 percentage points. our poli

the dax at the moment slightly lower as well as the euro stoxx 50 index. in new york, the dow jones industrial average as trading slightly on the upside while the euro is trading at $1.33. >> thanks so much. >> complacency is a lecture he we cannot afford -- that's the message coming out of a meeting of european union finance ministers. >> the ministers are urging european leaders to keep up the pace of her form, despite signs that the block is on the road to recovery, but even so, the cautious optimism in some quarters, the mood and bailed out countries such as greece remains bleak. >> as we report, many young people there are not waiting for things to turn around. they are heading abroad to stronger countries such as germany. >> cuckoo clocks help alexia concentrate on her exam revision. the teenager spent months poring over her books in preparation for university entrances and -- eggs insurance exams -- entrance exams. she ended up with the best results in the hold country. when it became known that greece's top student was landing to study abroad, ther

euro stoxx 50 a bit more down -- .12%. in new york, the dow is down .6% at the moment. the euro trading slightly up against the dollar -- $1.3 520. moving to the world of sports now where world football governing body the for apostasy in japan the 20 022 world cup qatar is coming under criticism. >> this time it's not about the bribery allegations surrounding the bidding process or even how brutal the summer heat will be, but this time about forced labor in the gulf state. >> "the guardian newspaper" published an exposÉ this week with a cover that south asian men were being made to work on stadium building sites without pay or food and that 44 from nepal had died over the past several months. >> these nepali would-be migrant workers are waiting in line for a better life, or so they hope. they want to find work in the wealthy gulf states, especially qatar. the emirate will be hosting fee for's soccer world cup in 2022 -- fee for -- fifa's world cup in 2022. expect amazing is the slogan of the event. qatar won the bid with the promise of new stadiums and the pledge to bui

the euro stoxx 50 doing even better. across the atlantic, the tao at this hour trading up very slightly -- the tao -- the dow at this hour trading up very slightly. the trial resumed in munich a -- beate zschape. >> 10 people died between 2000 and 2007. the court was set today to hear from one of the defendants, who is accused of helping the killers. >> this man, a suspected neo- nazi, could be a key witness in the trial. he confessed to police that he delivered a gun to the suspects on behalf of his co-accused. he is also accused of supplying them with identity documents. but there are doubts about whether that is the whole story. he has refused to reveal more. that has been badly received by lawyers representing the victims. >> it appears, for instance, that she was with him once and alone indeed, and we would really like to know what happened there. i'm surprised that such an important visit was not mentioned at all. >> that information could damage the defendant, but for now at least, the witness is keeping quiet. >>

the stoxx europe 600 is off by .2%, after we hit 2 1/2 week highs in yesterday's trading session. caution is what we're seeing in the markets this morning in the ftse 100, off marginally. the xetra dax losing a third of 1% and similar percentage losses for the cac 40 and the italian markets as well. italian markets interestingly enough are not reflecting fears about a collapse of the coalition government just yet. also, this is reflected and pretty steady yields for the ten-year italian yield. in the bond markets, wow, so much activity, so much excitement because many of the key levels have been taken out in terms of the yields. the ten-year bund yield is above the 2% level for the first time in two years. the ten-year gilt yield did bridge the 3% level in yesterday's trading session. this is after the boe was quiet about monetary policy. no statement from them after the statement -- after the announcement of rates came out. and the markets are now actually pricing in rates to be raised two years before forward guidance would indicate. really not believing forward guidance much se

about om of the stoxx 600.id reports the bellgium government is considering selling some of its stakes. renault has been higher. we'll put the peugeot quote in next time. >> meanwhile, ahead of some form of tapering announcement from the fed, long-term rates have started to climb. cnbc's adam batia has been finding out which are most prepared for a curve as interest rates rise. >> september, october, november it's coming and the markets aren't just sitting idly by. after years of operating in a low interest rate environment, fed tapering could spell a shift for major banks. when banks are on the rise banks can start charging more for the money they lend out. margins have been very tight with record low rates. both higher rates could discourage more borrowing and leave high le leveraged businesses nomble to liquidity images. and don't forget the giant securities portfolios that many banks hold in the form of mortgage-backed securities u.s. treasuries and any other sovereign debt that moves in sync with markets.

you can see here the stoxx europe 600 up around 0.5% at the moment. but we're not far away from recent sort of five-year highs generally across the board. the ftse today jup just up 6,586. the ftse above 8,000 has been called by tend of the next year, 8,000. the xetra dax did hit a fresh record high, up 0.4% lower. the ftse mib up 0.5%. there's now a thought that keeps going on, here we're going to do with berlusconi, there's a thought that even if they do decide to reject him, he will broadly support the sector, as well. travel and leisure is lower. the gains coming from banks, technology and camera claws, as well. we'll keep our eyes, of course, on what's going on with yields ahead of the fed decision. treasury yields, 2.84%. the interesting thing this morning, the mover, while treasury yields have come down, 2.86, something on monday we say, the yield, gilt yields have gone higher, back over 3% and widening gilt to treasuries. the reason for that is we saw minutes today from the bank of england. no member voted for any more qe, despite the fact tha

the stoxx 600 up near session highs, it follows the best day in eight weeks, triple digit gains for the first time since august the 1st. the ftse right now down 16 points yesterday. up .75%. the cac 40 up about 1.1%. ftse mib up, as well. shares in oil, soaring at the open. 14.2% after the neste oil came up with better numbers. peugeot citron opening strongly. the company confirmed its outlook for 2013. on the bond market, take a look at yields. treasury yields going back to that 3% level. 2.9455% is where we stand at the moment, clearly, elevated, as well. gilt yield 3%. on the currency market, the euro remain near its highest level for the first time since asian trade. picking up after that russian proposal on syria. euro/dollar, up to 1.3255. flat on the european session. and sterling/dollar not far away from the 1.57 mark, as well. china's factories, meanwhile, turned out more goods than expected in august. up more than 10% for the year. that's a 15-year high. and must now say we can expect china's third quarter gdp figure to come in higher than 7.5%. at the same time, chinese shopp

america's cup a little bit later. 8-1 down and they win 9-8. 5-4 is where we stand on the down jones stoxx 600. we had losses for the u.s. markets down, s&p down for five straight days. fairly flat on the if it is ft. right now. really, what we're seeing in the last few days is directionless trading and a slow edge downwards. ftse 100 flat. xetra dax down 0.2%. cac 40 off 0.3%. h & m sales up 6.4%. pretax profits for the quarter '5.8 billion pounds. alcatel lucent up 6.36%. tui travel, up about 1.35% today. the company lifted its full year profit forecast. the group, which owns the thompson and first choice brand saying that strong demand in its british markets will help push it to an operating growth of around about 11%. unlike thomas cook, the other travel group in london down 6.3%. the company said better weather, of course, europe this year had stopped to be seeking some further afield. as individual companies, as far as bond yields are concerned, we'll be keeping our eyes on the uk. we've got the final gdp out in 25 minutes or so. the second revision did pick up from 0.6 to 0.7%. we'v

. >>> on the stoxx 600, 8 to 3 decliners out-pating advancers. certainly 0.5% lower for the ftse, as is the xetra dax, cac 40 and ftse mib. a number of individual stocks that we're looking at today. thyssenkrupp is up around 4% as they have acquired a 5% stake in thyssenkrupp. the swedish government is trying to sell its remaining shares in nordea as it continues its exposure to risky assets. it's down around 2%. and bmps has sdlad roadway structuring plan seen as key to knocking over its funding. the bank said the postponement was due to complete formidable aspects. the fed will be pleased about the 2.6% yield that we god got immediately in the aftermath of the fed decision. although they're not trying to get equities going, they were concerned about market rates. and italian yields are lower, as well. german bund yields are lower across the board right now. euro/dollar is below 1.35%. dollar/yen back below 99. sterling/dollar just trying to hold on to that 1.60 level, as well. dee. >> meanwhile, the 2014 french budget bill is being presented at

in terms of the biggest gainers and losers on the stoxx 600, we're seeing do you haveland up by 5.6%. now that the deal with vodafone has gone through, this is a takeover story by 11.2% and raiff bank n is down 3.6%. vodafone says that 75% of the german cable company shareholders have agreed to the uk firm's 7.7 billion euro takeover. the uk telecom school will publish details on monday on exactly how many shares have been tendered. vodafone is buying germany's largest cable division in order to offer more phones and services. >>> in the bond space, we are not seeing any major moves ahead of the fomc meeting next week. the ten-year treasury yield is sitting at 9.2%. a dip below that 9.2s level earlier this week. a little bit of caution in that is those markets, as well been sitting below those two-year highs at 2798%. but getting closer to the 3% level again. the ten-year italian yield, this is the most interesting one this week. the yield shot above that at the ten-year spanish taper. this is obviously on the back of the political tensions that we've been seeing in italy this week. a

and 5-4 advancers currently outpacing decliners on the dow jones stoxx 600. fairly flat for the indices. 60 odd points higher. s&p snapping a four-day winning streak. the rally in the u.s. only lasted a day. we had been rallied ahead of it, as well. this is where we stand for the european indices. the ftse 100 fairly flat. the dax and the ftse mib down 0.2%. bond rates, let's look at treasury yields. wednesday night, we hit 2.67% on the yields. currently, six basis points above it. gilt yields currently higher at 2.9% today. german bund yields below 2% at 1.91%. on the on currency markets, we saw the dollar hit a low in yesterday's session. 1.3532 is where we stand on euro/dollar. dollar/yen, just moving away from 99.50 after being at 99.76 on wednesday. the aussie/dollar still below the .95 mark. sterling/dollar, 1.606 of 4, which is an eight-month high. let's find out what's happening in asia. there's a huge market there and some have the day off, as well. sixuan is joining us. >> the nikkei 225, in fact, reversed early modest gains to trade marginally lowe

and we'll take a shot of the dow jones stoxx 600, weighted to the downside around about 6 to 3 decliners outpacing advancers at the moment. this is where we stand now for european equities, saw the ftse a little weaker earlier on. down 14 points, fairly flat for the xetra dax. cac quarante off a third and ftse mib down about a percent at the moment. number of individual stocks focused in on, ryanair, off 13.8%. low cost airline issuing a profit warning saying it sees full year net profit at the bottom end of the 576 million euro range. and cutting winter season capacity as well. easy jet down 7.5% with it. the company admits a number of airlines performing poorly this morning. airlines are down as we see oil prices rise again on the syrian news. and keeping our eyes on prosieben stat. at 30.48. as far as the bond markets are concerned today, we'll keep our eyes on gilts. 2.87%. services pmi coming up around 10, 12 minutes time, 10 minutes time. strong construction and manufacturing pmis already this week against better than expected. ten-year spanish yield higher, getting up to 4.5%. ita

let's show you where we stand on the dow jones stoxx 600. around about 7 to 2, nearly 7 to 3. we're kind of on the session low, the ftse up just 39 points during the course of monday's trade. right now, down 23 points. we saw the dow and s&p closing higher up at five-week highs. xetra dax has come down from that, down 25 points at the moment. cac 40 is down 0.5%. down 0.75% for the ftse mib, as well. in terms of individual stocks, we're looking at philips, it's launched a $1.5 billion euro share buyback program. nokia will be speaking to the firm's ceo france van houten a bit later. nokia has delayed its lineup following a hand set. originally it had planned to launch a new range of products at the end of the month. the stock off 2% today. down for continental. german auto partiesmaker said it was looking to take a advantage of the high in continental's share price. renault down nearly 2% this morning. european car registrations may have fall nn august, although the firm was trying to buck the trend. the vehicle manufacturing showing a 6% rise in new registrations. let's get m

right now on the dow jones stoxx 600, nine to one. we're about 1% higher right now. this follows the s&p up at fresh record highs, the nasdaq up at a new 13-year high post that decision yesterday. right now in europe, the ftse was down about 11 points yesterday, up 94, 11.5% higher. the dax up at fresh record territory, cac 40 up 1.2%. ftse mib up 1.3%. the biggest impact has been in emerging markets. commodities moved spot gold. 1,370. brent up marginally, not an awful lot, 110. as is nymex, although it did move yesterday during the u.s. session. a lot of these commodities do see what's happening with the dollar. the dollar index down at seven-month lows and that's been predicated by the fact we've seen a sharp drop in yields, as well, on treasury. 10-year tre treasury yields, 2.7%. we were 2.6% before the fed came out with this afounsment. we got yields down to 1.67% on monday. gilt yields were nudging 3%, current by back down to 2.8% on that and spanish yields down to 4.32%, as well. those lower yields helping to drive the dollar lower, as well. dollar down at sev

the dow jones stoxx 600, excuse me, is at about the high point for the session this morning. and the ftse is fairly flat, as well. just down 6 points. xetra dax up 34. cac 40 down 0.08%. yields were higher than they were in august. we have had a die into the senate hearing into whether mr. berlusconi should be kicked out of the senate until thursday. we still don't know whether that's going to happen. we are focused, of course, on the apple announcements, those two new phones they announced last night. mixed reaction to stocks in europe. first of all, i'm holding the chip arm up 4.3%. it was confirmed that apple is using its own 64 bit processor. it's believed to be based on an arm designed for which they get more royalties. that's good news. gemalto, on the other hand, down 4.6% because the new iphone does not include near field communications technology. don't ask me to explain what it is. but it's not in the new apple. so apple is down 4% in april, as well. we now officially have a target for the year. unemployment today coming in better than expected or the mroimtd pictur

european equities down on the stoxx 600. around about 7 to 3, something like that, is the decliners being outpaced by advances. the ftse was up some 56 points. down about 0.25% at the moment. had some data out today uk inflation saying dipping is expected, the annual rate in august. sort of inline with what market expectations were. the cac 40 off 12 points, ftse mib off 27 points today. markets are in focus and sectors, as well. we saw a new dip down in august registration falling in august, which it raids most of july again. it came to 7.84 million vehicles. that's the lowest ever recorded from the period since the series began in 1990 on. as a result, autos are the worst performers today, down 11.3%. banks off 0.9% as you can see. individual stocks we're looking at today, philips, they've got a share buyback coming up. down 1.8% because of the ceo fairly cautious in the near term and what's going on with the global economy. nokia, down 2.2%. they decided to reschedule the launch of some new phones which were scheduled for

we're at that session low. 8 to 2 advancers outpaced by decliners on the dow jones stoxx 600. fairly good data again, strong data out of the uk. that translates to the prices now for the ftse 100 and the xetra dax and the rest of the markets, down two-theirds of 1%. break that down into sectors, looks like this. only one a couple up. telecoms on the benefit of nokia and vodafone. oil and gas, prices steady. autos down 1.3%. weakest sector is travel and leisure. we have elevated oil prices, threat of middle east action will cause investors to be nervous. we heard from ryanair today. this is the biggest low cost carrier down 13%. they also came out and said they might miss their guidance. and it has been the most profitable airline as well. air france, down 3.2%. easy jet down 6%. and iag, down 4%. the airlines taking it on the chin today. we did have good data, though, today, particularly out of the uk. gilt yields higher above treasury yields 2.87%. the yield earlier on gilts after the services sector activity according to the pmis at the best now since december 2006. stronger

stoxx euro is up. a little bit of profit taking. we're coming off of three days for the european markets. we're off the session lows. we trended lower as kerry and his u.k. counterpart hague were speaking. the ftse is off by .4%. the set tra dax is low. modest declines. let's come back to bg group. shares are off by almost 5%. the biggest decliner on the stocks europe 600. this is after the company surprisingly warned about 2014 production. so taking a lot of investors here by surprise. and, finally, quick check of the currency markets for you. where, as you said, the dollar is higher against the yen. up by .4%. below that 100 level, but this is really about yen weakness on the back of tokyo winning the 2020 olympics bid. this is what we saw in the asian trading this morning. guys, back over to you. >>> all right, carolyn. thank you. we've got markets indicated a little bit higher. do you guys by any chance see that comcast article in behrens? >> no. not for -- >> we don't get behrens now? >> it's not here. i checked this morning. >