the top of the leaderboard when it comes to the stoxx 600.e downside ryanair is down and profits are pretty good. they are listing the profit goal and traffic is up. there is a big but. 2016 is hedging the oil higher. they will be hitting the numbers there. it is well above where they see them the optimism with earnings. do not get over excited. dragging ryanair down and some of the laggards out there today. this is a u.k. retail company. a lot of analysts have a recommendation that is driving lower. kingfisher is no longer in the running. back to you. >> thank you very much. these of the top headlines. chinese manufacturing signaled contraction. the week data add speculation that the chinese government may take additional monetary easing measures. the finance ministers says the nation will reject the bailout plan. they said the bailout was excessive all stop >> the problem with the greek series of bailouts is that creditors have not given us enough money. >> leaders across europe will rally support for the debt deal. falling crude comes afte

i'm looking at the s&p in price forward if you look forward, the stoxx 50 is sloping downward versuss slightly down to going higher. when you have it going down like that, and implies that the option market has more value. >> there it is right there. there is the charge. -- the chart. >> as we go further up the curve, we can see that the gradient increases. there is an opportunity there to have successful trade where we sell the push for the stoxx 50 and by the correlation. versus the spx because it is flat to slightly going higher the put options are essentially cheaper. that will be a hedge. were close to even coming in. as we have seen in the u.s. w here country had supported stocks, we expect that we'll have the same implications for europe. as the skew is going downwards, you are essentially reversing that and hedge that. >> what are the risks around that? >> the obvious one is greece. greece they are taking the brinksmanship beyond the line. we will increase global volatility in stock markets. if you see that with the stoxx 50, your market is going to go significantly negative

for the stoxx 600 index today.is up 24% and up 14% this year. the big story is outside of the drugmakers. there are $10 billion in cash and it has the industry talking about who will be next. up at the highest levels ever and the highest since 2014 in reporting earnings for stop -- earnings. the fourth-quarter earnings beat estimates and the volume will accelerate outside of units in the first half of the year. the french company should unite after all of the regulatory processes are over. it is all about hsbc and the ftse 100. >> thank you very much. we are waiting for the opening of the stock exchange and the markets are closed today for public holiday with greece very much in focus and the government walking a tight rope. it rushes to meet a deadline and there are reports that satisfy the demands of both. the prime minister has until tonight to work out the details that will buy the country for months of continued funding. let's talk german politics. there is a lot of german politics weaved into the deal. how wi

euro stoxx futures higher. dax futures up by 50 points. manus cranny is at the touchscreen with the open. >> it is indeed. go to bloomberg.com and get a real good flavor of what is going on. equities have got a nice relief. the stoxx 600 has had the best january since 1989. 7.3% in january. we've delivered almost 10.3% in terms of equity returns since the start of the year. all predicated on the view that the firewalls of this map are so robust that anything that happens in greece is not likely to permeate or contaminate anything around. you have the conversation with george osborne. i sent him a tweet saying fair point, is there a plan b? are you pushing greece to the liar is the most -- are you sure pushing greece to the liar is the most sensible option? how much slack is there in the u.k. economy? where does mark carney want to take you next in the game of guidance? that is the question. let's look at the names that are moving markets. peugeot and carlsberg. peugeot up 3.37%. why so much? the headline numbers missed. delivering #ackley

. >> the key stock for stoxx 600 is outo this kumpu. 55 million euros.s than the 65 million loss many were anticipating. they say look, first quarter looking hopeful. they are saying earnings are slightly positive and they have a higher delivery volume. meanwhile renault up a significant amount. up 7%. this is the highest that we have seen renault trade at for 10 months. the french car maker of course. 2014 earnings climbed 13%. better than analysts had been expecting. lower labor costs have been helping. offsetting the pain they are kneeling russia and in latin america. renault driving higher. meanwhile, rexel, one of the key losers today. why? the world's largest distributor of electrical equipment, it has a profit warning. profit they say not only did it fall in 2014, but overall they are saying the margins, to so the margin of profitability on their earnings will not meet their expectations for longer than have been expected. rexel one of the worst performers on the stoxx 600. >> let's bring you to decision from the swedish central bank. they take th

another big loser on the stoxx 600. meanwhile, let's look on the bright side. #. them in a this money. up almost 9%. poundland is adding 2 million customers. 251 stores. they are buying a rival. the key difference -- they are coughing up 55 million pounds for it. this is a company that just sold shares. they could have as many as 1000 stores. currently, they have 600 outlet s. they are up to 851. the market likes it. >> the market definitely likes that acquisition. it has been a look roller coaster week for oil. this morning statoil's results missed expectations. the norwegian energy company struggling with a lower price of crude. we spoke to the ceo and he said we could see a low oil price for some time. . take a listen >> short-term, i have to admit i uncertain as to what kind of price environment we will see. we will see a lot of volatility. and we could see a low oil price environment for quite some time. fundamentally, though, i think we are ina a part of the cycle and we will see a rebound at some point. whether there are some structural changes fundamental

a mixed day, the euro stoxx 50 trading slightly higher. u.s. shares are back in the mix. up very slightly, trading at 18,000 38 points. the euro a tad higher against the greenback. a u.s. federal judge has temporarily suspended president barack obama's controversial immigration reform plan. the ruling gives opponents time to mount a legal challenge to the program, parts of which were due to take affect on tuesday. >> the democratic president five past congress and issued an order to spare about 5000 immigrants from deportation. the white house is to appeal. still to come we have this story coming up. >> an in-depth look at the neighborhood in which the alleged copenhagen shooter grew up. our correspondent is there and came across some very strong views in his reporting. stay tuned to find out more. >> a peek at what will be going on in this evening's champions league action. we are staying tuned. >> welcome back. people in denmark are still emerging from the shock of this weekend's deadly shootings. >> parliament has observed a moment of silence in honor of the two victim

the dax and the euro stoxx are holding on, but that could change as news from these very important meetings comes through. and the euro is also little changed. >> ulee barbee, thank you for that update. for the latest, we now cross over to sarah harmon. i believe there is going to be a very big premiere tonight. it is a film based on a british best-selling author -- novel "50 shades of grey." >> it launched 1000 spinoffs. now it is a film. this is pretty sexy stuff. you are going to want to leave the kids at home. it's interesting because this is one of the only times we have seen a wide release theatrical feature with heavy s&m. i think a lot of people are curious. the origins of this book or a little bit -- how shall i put it? hokey? it started out as "twilight" f anfiction. it stars jamie dornan as christian grey and -- >> i should think it would not be a contender for the silver or gold in bear. you never know. but just replay, we just have three more days until we know who the winners will be. any favorites? >> there are teed of favorites. one is a film called "45 years" starring charl

the euro stoxx 50 is slightly lower. the euro is trading at about $1. 13. >> stocks, not a lot of movement. we will see if they get some more conviction you the close of trade. -- more conviction near the close of trade. >> the egyptian government has confirmed that sentences for over 180 members of the muslim brotherhood, marking a continued crackdown on the islamist group. >> they were convicted of playing a role in the killing of 16 policemen in august. thousands of brotherhood supporters have been arrested and put on mass trials in a campaign that has been criticized by human rights groups. meanwhile, an australian journalist who was jailed for more than 400 days in egypt is now free. peter gresste was convicted on charges of aiding the muslim brotherhood. >> his family say he now focuses -- he will now focus his efforts on the release of tw the -- of two of his colleagues from al jazeera, still in jail. they have been in prison since 2013. now, the trial of dominique strauss-kahn, the former head of the internationa

the euro stoxx 50 was up almost 50%. the dow jones down at 18,101. >> a cairo court has sentenced a permanent democracy activist to five years behind bars for violating restrictions on demonstrations. >> he's considered a leading dissident in the arab spring uprising of 2011. >> the sentence has angered activists who say his trial exemplifies egypt lost tough line on dissidents since the military to power in 2013. >> anger directed in court after the verdict was read. chance of down with military rule the code through the chamber. he and his codefendant were both sentenced to five years hard labor. 21 other defendants received sentences of between three to 15 years in prison. they say the trial as part of an official crackdown on dissent. >> this is an oppression and a continuation of efforts to stifle the people. they did not have any criminal or violent records. it's one way to repress the use. >> two years after the arab spring protests, egyptians again took to the streets with the man's for freedom and democracy. he'

euro stoxx 50 up just slightly, but green across the screen across the atlantic. looking pretty good, almost up by .8%. the euro even a little bit stronger against the dollar trading at a value of $1.1384. >> thousands have gathered in kiev costs -- kiev's maidan square to commemorate protesters who died in the square one year ago. the uprising eventually toppled pro-russian president viktor yanukovych, but it also set off a tumultuous chain of events in ukraine. current president viktor poroshenko vowed to stop the war in eastern ukraine and ensure the victims did not die in vain. our correspondent is covering the commemoration. what has the atmosphere been like? >> i have a feeling this is a night of mourning, a night of sadness, a night where not only the remembrance on the hundreds of killed protesters here year ago played a role, but also thoughts through the country going on today. obviously, the cease-fire is not really holding today. i think the most emotional moment i have seen is that people really -- or my impression is people really have the feeling th

the stoxx 600 is up .5%.llied around .25% on that specific news. >> the latest meetings are proven to be successful but we're waiting for the president to talk about the cease fire and what negotiations will be taking place going forward. >> other than the two flashes we reported where he mentioned the fact that the document has been signed. we'll bring you more on the situation unfolding around ukraine after this short break. >>> russian and european stocks rise as slad pirvladimir putin says a cease fire deal has been signed. >> greek banking shares higher despite a lack of process. the government sticking to demands for a new program. >> it's a mixed bag of european banks earnings. setting aside further provisions to cover u.s. legal issues but puts it's troubles behind and swings to a profit. >> shares race ahead after strong european deliveries turbo charge profits. the french car maker pledging to boost earnings going forward. >> let's recap what we learned in the last 20 minutes or so and that is that

the euro stoxx 50 was up by nearly a percent in trading is still underway on wall stret where the dow was up by .4%. we are going to move to other moves -- other news now. the check interior minister has confirmed that today's restaurant shooting which killed eight people was not a terrorist attack. >> the shooting took place in a small town about 300 kilometers southeast of strong. police have sat -- sealed off the area, but the town's mayor said the shooter was a local man who suffered from mental illness . investigators say he committed suicide at the scene. turning to ukraine, the german foreign minister said situation in the east of the country is "highly fragile." >> he made that comment on the sidelines of a high-stakes meeting in paris where the french, german and russian and ukrainian for ministers were trying to bolster this spieth deal that seems to be falling apart at the seams. >> the fact is that the -- bolster this case deal that seems to be falling apart at the seams. >> the fact is, it has never really held. >> they are leaving the frontline, dozens of trucks loaded w

the euro stoxx 50 following suit . in new york, the dow jones currently in negative territory, and the euro sliding currently. $one .1197. >> german media reporting the german bank co-chief or have to face charges of giving false evidence to a court of law. >> the charges relate to a case surrounding the collapse of the media empire owned by a german mogul. they are accused of providing false testimony to a court in the early 2000's. eventually leading to the group's demise. >> well, she's known for shocking her audience, but queen of pop madonna came in for a shock herself airing her performance at wednesday's ceremony. >> the singer costume included a long cape fastened around her neck. it appears to have got caught forcing madonna to tumble down several steps on the stage. ever the professional, she recovered quickly and resumed her performance only slightly shaken by her fall. a real pro. >> ouch. we'll be back at the top of the hour with more news. stay with us. [captioning performed by the national captioning ins

the stoxx 50 also up by more than 0.6%, ending at 3599. in new york, trading is still going on.ow jones industrial is currently slightly in negative territory. the euro ever so slightly gaining ground. currently one dollar -- 1.1198. >> at the cricket world cup, south africa crushed the west indies by 257 runs on friday. >> south african captain ab de villiers smashed them for an unbeaten 162. he hit eight sixers, racking up the fastest 150 in a one-the international. the total is the second-highest world cup tour -- score of all time. south africa made quick work of their opponents, who only managed 151. the margin is the heaviest defeat in world cup history. some soccer news. the europa league drew for the round of 16. >> the one remaining german team wolfsburg, will be up against inter milan. others include the rail against seville -- villareal against seville. cities the world over are getting ready to apply to host the summer olympic games in 2024. >> in germany, it will be decided whether the candidate city will be hamburg or berlin. the candidate will have to compete with

stoxx 50 up more than 0.6%.wall street, the dow edging slightly lower and the euro trading lower against the greenback at a value of 1.1369. >> in ukraine, president petro poroshenko ordered the united nations to send -- asked the united nations to send peacekeepers. >> ukrainian troops gave up their last positions in a key crossroads city of debaltseve yesterday. >> the fighting comes despite renewed efforts to revive a cease-fire deal brokered last week. kiev says pro-russian rebels are setting up a new front and ignoring the cease-fire yet again. >> these are the first images from debaltseve as pro-russian forces captured it. it is a scene of devastation. weeks of fighting have left the town in ruins. the debris of battle is everywhere. for the separatists it's a moment of triumph. they have -- leave no doubt about who won. "greetings from russia" says this fighter addressing ukraine's president. last week, kiev and the separatists agreed to pull back heavy weapons from the front line. but with the battle ove

the euro stoxx 50 dropped five 15%. trading is still under way on wall street. a currency markets, the euro, dollar sign1.1356. >> the greek government has suspended all top football matches in the country indefinitely. >> the decision comes after serious crowd unrest interrupted at a super league game between fierce local rivals. >> on tuesday, officials from the clubs ended up in a brawl. clubs have been told the suspension will only be lifted once they provide more sec ticketing. we'll be back in a minute with more news. >> in 60 seconds. >> welcome back. 2014 was a catastrophic year. >> that's how human rights watchdog amnesty international describes the year in a scathing report describing the treatment of citizens in the majority of the world's countries. >> the group points its finger directly at the un security council's five permanent members using their veto power to block international intervention when mass atrocities take place. >> as long as the big five do not give up their veto right amnesty says the international community will they'll to protec

euro stoxx 50 also climbed up to 3447. the dow jones industrial average where they are still trading is ever so slightly up and the euro slightly down against the dollar -- a $1.13 87. >> now it's time for the latest from the berlin film festival where today was all about kenneth branagh's "cinderella." >> here the stars of the film were out in force. cate blanchett plays the hard drinking gambling stepmother. branagh said he wanted to tell a love story of equals. helena bonham carter said that they created something a world away from the disney cartoon of the same name of 1950. >> now let's go white to -- right to sarah. you told us yesterday that people have been camping out for days to see this movie. was there expectation warranted? >> i cannot speak for them, but my expectation was certainly met. yes, this film is kitschy. yes, it is completely over-the-top, but it is 100 percent fun. this is really disney at its best. cate blanchett is perfectly cast in the role of the wicked stepmother. you can really see how much f

euro stoxx 50 at 3465. across the atlantic on wall street, the dow edging slightly lower at this hour but dill above the 8000-point level. on currency markets, the euro trading lower against the greenback trading at a value of $1.1 393. happy new year moon watchers. it is a lunar new year periods they tuned for that. -- it's a lunar new year. stay tuned for that. >> crowds of mourners have gathered in the danish capital copenhagen for the funeral of a jewish man killed in shooting attacks over the weekend. >> hundreds of evil gathered at a jewish cemetery for the burial. the 37-year-old volunteer security guard was killed in the second of copenhagen's two weekend shootings. >> heavy security at the funeral of a man killed outside copenhagen's main synagogue early on sunday. that shooting and another earlier at a recent beach event -- free speech event have raised questions over security in the normally peas all scandinavian country and if more could have been done to prevent the violence. copenhagen's jewis

euro stoxx 50 also climbed and finished at 3417. in new york where they are still trading, the dow jones industrial average is just about .5% up, and a moment, the euro is climbing a little bit against the dollar, up to $1.1403. little while ago, the french foreign minister confirmed that france is finalizing an arms deal with egypt to be signed in the coming days. >> a french newspaper is reporting that the agreement worth 5 billion euros could see france deliver 24 fighter jets to egypt as well as a naval frigate and short and medium-range missiles. cairo wants to upgrade its military hardware amidst fears at the crisis in libya could be spilling over into egypt. staying in egypt the plight of two journalists held that i cairo jail for over a year now got a little bit easier. >> the two al jazeera journalists and egyptian citizen and a dual national, have been granted bail following the release of their australian colleague last week. >> speaking the words reporters have been waiting to hear for over a year. a report announcing to

please stoxx 600 had their best january since 1989. let's welcome the portfolio manager. great having you this morning. the u.s. economy is strong. europe, not so. you look at the reverse and we are looking at the short-term. >> we tend to look at the longer term and we think the u.s. economy is in good shape. there are lots of factors driving the economy and it is very dynamic with stable economic and monetary systems with populations growing. immigrants come all over the world and lots of the night states of america will be energy independent in the next two years. it will drive u.s. stock markets. we like the markets as an asset class. >> the drop will not put a roadblock in efforts to go there? >> there is a bit of a pothole and some of the companies are coming in below expectations with the drop in energy prices. we see the united states of america the coming energy independent and we think it will be positive with a bit of a price. >> we like to focus in on companies that have a catalyst and we focus in on an investment philosophy with a catalyst. we look for compan

if you look at what is going on with the european stock market today, the stoxx it -- the stoxx 600 andhing its highest level since 2008. not only are they climbing, they are climbing to multiyear highs. in greece, it's an interesting day there. the athens stock index is on the rise, but an etf that tracks greek stocks in the u.s. is having its worst day in nearly two weeks. maybe u.s. investors are not as optimistic. we see and -- we see a rally in greek backed. you have to look at the bureau to see how that is reflecting any optimism or pessimism. we see the euro actually pull back a little bit -- not a significant pullback but down by nearly .5%. the japanese yen is fluctuating today, little changed at the moment. we had a bank of japan governor saying the central bank would not pay to adjust policy of the underlying trend changes. and looking at the pound sterling -- strengthening about .5%. we saw some economic data out of the u.k. with the jobless rate falling to its lowest rate in more than six years and that was the reading for the fourth quarter. so a relatively strong day when

euro stoxx futures higher. dax futures up by 50 points.he touchscreen with the open. >> it is indeed. go to bloomberg.com and get a real good flavor of what is going on. equities have got a nice relief. the stoxx 600 has had the best january since 1989. 7.3% in january. we've delivered almost 10.3% in terms of equity returns since the start of the year. all predicated on the view that the firewalls of this map are so robust that anything that happens in

the stoxx 600, year to date up 11 percent.e best-performing stock markets in the world in 2015, the top is russia, 16%. >> and a record in the ruble this month. >> followed by italy, portugal sweden, finland, slovakia, france denmark, and germany. nine out of the top 10 best-performing stock markets in the world this year in europe. that tells you a lot. tell me about japan. >> the nikkei, what is different than it was then? let me put it to you this way. the hole in evaluation of apple would wrap up the valuations of canon panasonic and all of those electronics companies are not worth as much as apple. uniqlo, a small, fast retail company with a domestic outlook. 1990, sony with playstation and al gore was running for president. when i was but a young stockbroker. >> "on the move" is next. >> jonny ferro the is young. he will take you through "on the move." ♪ >> happy friday and a warm welcome to>> "on the move." minutes away from the start of european trade. let's get straight to your morning brief. debt deadlock. greece app

if the risk appetite disappears, that is what keeps the euro stoxx at a very high level.might happen very quickly if the japanese investors have a little bit of money that goes into european stocks and that the is going into european stocks. it would take a few bad headlines to reverse that. >> i am still trying to figure out in everybody seems to have a different opinion. if we have a bank run in greece and capital cap stops, what exactly is the impact on banks in europe? are we still connected or can we survive? >> would germans be willing to fund capital flight in greece? that is effectively what happened in cyberspace a lot of people inside first -- what happened in cyprus and a lot of people in cyprus. at some point, you have to draw the line. i think i would not be surprised if there was in greece at this time. >> how nervous should i be -- how nervous would i be about the buildup because it greece were to exit, it will feel the pressure and that effectively it's where the losses are going to come. and the past, people got very excited and the germans started talkin

lvmh up 5%, near the top of the leaderboard for the stoxx 600 as well.s accelerated in that fourth quarter. celebrating monograms, that is what helped sales. that also see fashion leather goods increase in throw -- in terms of sales and they are confident for 2015. wine and spirits are down a little bit, they say cognac will pick up a little bit at the end of the year. but at this point though jewelry and watches front. overall we saw the first annual decline since 2009. from reoccurring operations. it looks as though there are better things to come. meanwhile, neste oil is the worst performer last time i checked. they saw a net loss of 23 million euros largely due to inventory. they say the oil price slump, a 50% slump in crude oil cost significant inventory losses. these are the sort of companies we are seeing hit by the current selloff in oil. they want to change their name. they will become neste, now. jonathan: even more confusing now. nestte nestle there is the move there for you up 18% over the last week. the bp says it will be a long time before

check out the stoxx 600 versus the athens stock exchange, does that look like a market that is worried? not really. does ram in the keisha care -- ramen nikissa care? you pointed this out as well should they be concerned? >> we think they should. it seems if you don't reach an agreement in europe, less is a crisis. greeks will face a liquidity program and less they agree to a program. there is no way it can do that. so they have a week negotiating position but it seems as if they think they are on this holy mission to repudiate their debt, at least to negotiate down the level of that debt. jonathan: the interesting part is with seen reactions in greek banks that has sold off, up and down like penny stocks, when do we see the spill over into the rest of europe? >> we have told our clients they should be cutting european over tactically. we completely by the structural story. europe from a macro perspective is with weak oil prices and good lending. there the banking situation less bad loans. that suggest there will be a good pick up. all of our clients agree with that, what is very clear

i'm looking at the worst performer on the stoxx 600. it is all about logistics with this company.is down 3% last year. the net loss is widening. it is a year of transition. there is no upside for the express. back to you. >> caroline hyde is finishing in the low. the athens stock exchange is warming up and a lot of people expected to open lower. brussels and the breakdown in brussels yesterday evening. the stocks collapsed and there is bailout fatigue. seemingly no end in sight. thank you for joining us this morning. as we go towards the end of the month, what you consider the main issue to be after the collapse of talks yesterday. >> the mate issue that everybody recognizes is that the ball is in greece's court. the hope is that the greece authorities will have the insurance program. the first one has to do with the rhetoric of the greek government and no bail extension is to be accepted. the second issue in question is the main problem for me. it is facing serious time constraints. if no compromise is done this week, by the end of february, there will be a hard problem down the

when the stoxx info is. a big headline yesterday. -- one of the stocks in focus.t is germany's turn to take the headline. seven year is heading into negative territory. look at what we have got. their record highs in the equity and is overvalued and maybe both. let's put that question to andreas utermann. help me out here. equities or bonds, if there is one, a bubble? >> i do not think there is a bubble. for a bubble to the all bubble, we need to leverage and there's not a lot of leverage. it is not a bubble. bonds are clearly overvalued because they yield negative yields of inflation across pretty much the whole yield curve. they are telling us that will be no inflation for the next 20 or 30 years in of the ocd. that is a big statement. it is overvalued. that said, the question is, the question you are implying, why are people excepting negative yields? the answer is potentially because to keep your money safe in the new post a great financial crisis in layman, you should not over expect safe assets to yield a return. maybe we should a rethink the tenants of what

the worst performer on the stoxx 600 this morning. i'm changed for the first time in five years.ly this is a company that no longer wants to promise handouts to investors. putting off sales of course saying they are already seeing some of their brands raising prices as much as 7% to upset the surge in the frank. --franc. if you're selling intra-europe, less bang for your buck. they say, already 138 million francs have eaten into their gross revenue. they say we are selling well but when you convert that back and it does not look so pretty. jonathan: swatch having a tough time and greek assets having a rough ride as well. the ast getting slammed it now up by 9%. the yield on the 10 year increased by over 100 basis points. the yield up i over 300 basis points. not much liquidity yes 81% of greek debt is housed in the official sector that still pretty ugly. greek bonds are the story this morning. the focus after the ecb decided to cut off some financing for greek banks. that is the news just hours after the greek finance minister met with mario draghi in frankfurt. let's go straight

the stoxx 50 down by nine points. dax futures up by 20 points. let's get to manus cranny. >> it is going to be an interesting day in terms of extend or pretend as i like to call it. an extension in terms of liquidity to stay in the eurozone. to greece. who's going to face who off first? that is the crunch time for european markets. merkel. they will meet and discuss what is going on. equity markets is coming back ever so slightly. you have telecoms delivering numbers. down .9%. 58.64. they lower their overall sales forecast. the bed with has narrowed. a difficult year. fragile. that is the language of one of the biggest -- makers in the wo rld. telecom italia the pace of sales slowing down. the pace has abated somewhat. trying to save the debt status for telecom italia. markets disappointed with those fourth-quarter numbers. sales declined by 4.1%. why do i bring up brent? because i think ukraine and the ruble story isn't something that has been pushed off the agenda because of greece. --if you look at dollar- ruble, what you have is the dollar d

here with some answers is the stoxx reporter for bloomberg news.arnings is driving the moves for tech will stop how far in earnings season are we? >> we are basically done. they were better than expected and that's a surprise to some of the analysts out there who were expecting the strong dollar to hurt these egg tech companies earnings. we have tesla coming up and trip advisor and after the close tonight, linkedin. >> i find it remarkable tesla is considered a tech company. >> they are in a lot of different indexes. >> in terms of how is priced it's priced as a momentum stock. >> i think it is getting increasingly more toward that. you twitter's and netflix of the world that have pretty good stock performance and have these massively big p/e ratios. when people are looking at an excuse to sell off the market research get worried about valuations in the broader indexes, those are the first stocks they look at to sell. >> when you talk to fund managers what do they say about investing in the sector right now? do they look at it as a cyclical group a

that's up 7% rallying to the top of the stoxx 600 after full year profits. they have favorable market conditions for ireland and u.k. going forward. let's also have a look at lloyds banking group. that's up 1.7%. it issued it's first dividend as it posted better than expected four year earnings. profit came in at 1.8 billion pounds compared to 450 million last year. >> let's talk more about the banks and where there may be opportunities for you dear viewer. the business editor is with us. before we discuss the banks further help us understand what the big news was when it comes to lloyd. is it the dividend or is there more to the story. it's not the dividend that was paid today actually going forward we're looking at doing 60% of the earnings and dividends and that's going to be music to the ears of anyone that might be buying into lloyds. very important for the government big milestone for them. they have very good underlying profit numbers but it continues to have some problems. number one issues with legacy problems problems. it's now up to 12 billion and

zero stoxx 50 futures market flat is all. >> the main market is going to be about the emerging eurogroup meeting today. it will be focused on one thing. it is going to be greece. they are going to be discussing the financing they want. the 10 billion euros to get them through to buy them time. the new bailout program as well. they want a focus on austerity. the germans are standing firm. it looks as though compromises far off. how'd be affecting the move? remaining flat. markets are phenomenally resilient. greece is one of them. russia is another. ryan chilcote calls the talks at the moment small fry. wait until they get to merkel. could we get any kind of cease-fire in ukraine? at the moment remaining flat after 20 or 30 seconds into trading. we're looking at some of the stories when looking at the euro. basically flat against the dollar as we will see. business coming off of session lows. the euro looking flat. we are seeing a bit of a drop in the oil prices once again. u.s. supplied -- actually, we are turning higher. brent is up .4%. new shakes in the oil market but it fell that litt

our game plan looks likes this, on guard, vanguard is the most cautious on stoxx in nearly a decade.d of investments live. hooking up with hinge, the founder of the fast growing dating start-up is here on tech valuations and how the company plans to reinvent romancep we begin with a big day for stocks and what could be the most important question for investors. s

our game plan looks likes this, on guard, vanguard is the most cautious on stoxx in nearly a decade. hear from their head of investments live. hooking up with hinge, the founder of the fast growing dating start-up is here on tech valuations and how the company plans to reinvent romancep we begin with a big day for stocks and what could be the most important question for investors. has oil bottomed? crude higher today. looking to close above 50 bucks a barrel for the first time in a month leading some to say the worst may be over. jim lebenthal, is that how you see it? you look at a lot of the leaders in the market and they're all from the energy patch. >> short answer is yes, but let me caution you, we're not going back to $100 a barrel any time soon but this is a natural effect when you drilling rigs going down that count going way down, you've got sea born drilling rigs piling up on the gulf coast. you're starting to see a topping out in inventories. frankly, this all leads to a bottoming in the price of oil. but again, that maybe takes us to $60. not going to $100. >> pete, best t

the stoxx 600 closing at an almost seven-year-. the dax in germany also up.hing a seven-year high as well. >> a very cohesive european union. >> stick a big role piece of duct tape on it. let's talk about blackstone. they made a fortune scooping up rental homes at rock bottom prices after the housing collapse. it is buying a rental -- cerberus is buying a rental business. heather covers real estate for us. she joins us now from d.c. what is cerberus up to? >> they are planning on making this big acquisition coming in as a landlord finally and, yeah, they are doing it big to start so they don't have to buy one at a time. >> coming late to a party, i feel like it is just rocking when i get there, but for private equity, it has to be a different story. >> it is in some ways. home prices are up 24% from the low. at the same time, it is a time in the industry when a lot of smaller players are ready to get out so they can swoop them out and grow a lot faster. >> so the business, the landlord is this is a great one for these big companies because they have such adva

discussing is a factor, because basic resources in energy companies are leading the advanced any the stoxxday another record high for the german jack's. at it all up and the afc had its best today rally in years. -- the ase had its best day in recent years. the yield on the 10 year moving up to 34.5 basis points. that is lower than japan's ten-year jg beat return of 35.6 basis points. yields on greek and italian bonds -- the biggest decline in 2 weeks. we will monitor the rest of the u.s. market action in a little bit. >> thank you. jason mudrick is one of the top performing hedge fund managers of 2014 according to a definitive ranking by bloomberg's markets magazine. >> 17 is high on the list. >> it sounds a whole lot better. how long do you think before the opportunities present themselves in oil? it sounds as what you're doing is in the secondary market. how long before you have the opportunity to become a principal in a reorganization? >> host of what we do is in the secondary market. the deal i think you are referring to in rescue financing and for what we do restructuring, probably s

. ♪ lexus stoxx 600 is lower for a third day. greece anti-bailout party seems to be energizing a similar party over in spain. meanwhile the euro is up gaining as members of greece's new government to reassure they will abide by financial immigrations -- oreo cookies here. want to bring in one of the most important stories ahead of the opening bell. olivia sterns is here, who also had a cookie. number four, the greece prime minister has begun -- greece's new government appealed to the bank not to shut off the money cap. is this a good cop, bad cop? >> yes. that is what i am hearing a little bit of. there is no meeting on the books yet with the german counterparts. those are the people we really need to convince. on a personal level, greece is really annoyed and they want new people to oversee the debt. he just met with a new greek finance minister and george osborne in london. george osborne said nothing to the effect of, yes, i think we should renegotiate the debt. own will say that. the question is whether this will go down as t

at -- the actin markets is trading higher of the back of the submission of the request but of the stoxxwn by 0.2%. everybody is watching what happens in greece. we are waiting for the ecb minutes from the last meeting and that will be interesting as well. the actin submarket. ♪ >> as the european commission looks to revamp capital markets and start investment and reduce red tape and 28 a member countries, jonathan hill, he talked to our international correspondent about why the city of london has nothing to hear from europe. break it down for us. >> i think it is nothing to fear, nothing to hear, he wants to hear from euro. they want to really increase the way you can have more landing outside of the banks. they will standardized abs and some of the things that got us into the very financial crisis that europe is trying to did out of. when i asked commissioner hill what the city had to say, here was his answer. >> i hope london will commit the cuts i think the city of london, generally speaking, is a place in favor of single market and it knows it has a great repository of expertise of

stoxx 600 was negative before the sequel of the jobs report -- before this 8:30 jobs report and it hased slightly higher. one thing that is interesting, and matt you are talking to a bloomberg intelligence economist , that people were prepared to be underwhelmed by this december jobs report. given that it is stronger than anticipated, i wonder how many people are also holding off on being too excited about it as well, waiting to see if there is going to be some kind of adjustment later on digging through the numbers a little bit more because there is an anomaly. matt: you have it concerning long-term unemployed, 2.8 million, but otherwise, the jobs report looks positive no matter how you size it up. scarlet, thanks very much for that. peter cook in washington. repressor kruger, really appreciate your time. assault -- professor krueger, appreciate your time could the saltwater economists have done a good job protecting the economy. we will show you coming up how the obama administration is reacting. he talk to labor secretary tom perez. ♪ matt: welcome back to "in the loop." i am matt m

stoxx 600 is flat. european markets and how that pmi data has affected things. the ftse 100 is just below flat. germany is down and both had decent services pmi, manufacturing pmi was a little disappointing. overall the data not too bad. the german ppi data produced price inflation what really set the yoreuro he on a downward trend this morning. the russian index is down 0.7%. we've been focusing on the u.s. ten year that started that trend about a week or so to push above 2%. it came off a little bit as the fed was relatively dovish early in the week. back on 2.1%. a sense of positivity about the outlook for the u.s. economy which has seen profit taking in the yields tick inging up. the ten-year german yield remains below 0.4%. we've seen a similar move in the uk to that in the u.s., yields have ticked up as expectations have increased at the margin the last week or so with strong wage inflation. we get public sector finance data at 9:30 for the uk. ten-year greek yield, 9.83%. below 10%. perhaps more positivity but, of course, that moves around every day quite

we have the stoxx 600 up .5%. let's dive in and look at the stocks 50 as well. >> we can see the full story. it's up.7% and jeredny's dax index did cross. it was a record high that it touched earlier in trade. this follows 1.5% of gains for the dax yesterday. it was a big beneficiary of the ceasefire agreement and strength today up .6% and it's got from 10,000 to 11,000 since january 16th. a 10% gain. i can do that math in my head. italy is up 1% itself. the german ten year has, in fact compressed further even though we're on a drive over the last two days. that stays at .34%. spain here as well below 1.6. the u.k. the other side of 1.6 and italy at 161. we did see an interesting strong move from sterling. it went up cigsignificantly after mark carney gave the inflation report. he made it clear the next move as we look at things is likely to be up. that meant expectations stayed around where people had them but sterling strengthened off the back of that. 1538. let's also look at the euro because it strengthened ye

we opened down .7% in the stoxx 600. you can see a rally. seeing us down .3%. edmund doesn't think that's because we're getting better news out of the greece concern. but yoyoing either way. we're down only .3%. having rallied in the last 20 minutes. let's look at the individual markets, the ftse 100 is down down .2%. that doesn't help energy sectors. the dax just below. like wise france and athens is rallying a little bit today. a sub 1% move in the athens index. nothing too significant for greece. let's look at bond rates. the u.s. ten year did move yesterday. nonetheless, let's put that in perspective. we have yields higher than we were a week ago and then a month ago. we just came back from being above 2.1%. a little bit of a move there. in italy 1.65 and even if we have had some kind of agreement coming out of greece or request for extension of that bailout term we're still at 10.26%. the range bound for the ten year in greece is between 10.5 and 9.5 so we're still at elevated status. a quick look and the euro rallied a little bit in the last 20 minutes. i

we did finish yesterday basically flat on the stoxx 600 despite on going issues rounding the potential compromise of the situation. we bounce back. we're up .6%. we have strengthened throughout the first hour of today's trade. yesterday the ftse 100 was quite strong and the dax was quite weak but all are up. dax is up .6. france is up a nice amount. up .9 while russia is up 1.2%. the news we've just been discussing that ukrainian troops may well be surrendering in that crucial town. you may see the bulk of the fighting that's continued since the ceasefire agreement. the treasury .12% ticked up over the last week or so. that's showing a bit of a risk on sentiment that pushed equity markets up and seeing a little bit of profit taking in the bond market. yields ticking up. the same of course can't be said in europe where we have seen yields remain low. they're not quite as low to be fair as yesterday and the day before. .37%. in the u.k. we see them tick up a little bit. 1.78% and of course yields on the greek ten year 10.1% as we look at things. they have been moving around. 9.5 to 10.5

a look at what markets are doing so far today in europe and we are just below flat on the broader stoxx 600. markets react to the four month extension of greece's bailout program. they were all parts of the ftse 100 which lagged. today we opened a little bit positive and we are now just below flat. nothing too serious but of course over the last half an hour we've heard more details of what reforms greece has submitted as part of the four month extension to taken together the last two days markets have welcomed developments in greece. the individual markets, ftse 100 is below flat again. disappointing return yesterday because of hsbc. germany is down a quarter of a percent as is france. the stock index rallied quite significantly off the back of the news that it now submitted it's reform suggestions. let's move on and have a look at telefonica which is up 6.35%. a strong rally as you can see today. that's after it offered a positive outlook despite posting a net loss in the 4th quarter on costs tied to its purchase of e-plus. of course they expect it to rise more than 10% this year. tha

billiton, one of the key movers on the stoxx 600. biggest miner in the world. stock up 4% in u.k. trading. better than expected first half results. underlying profit a cool $5.4 billion. the mining sector in general, they are managing to cut costs cutting project spending to the lowest since 2010. it will fall to $12.6 billion. 15% below initial estimates. many investors lying what is going on there. -- liking what going on there. inmarsat going down. selling shares. more than 20 million. we're seeing the likes of kddi selling 21 million share. keep an eye on this. this is just a technical issue. some companies just getting out, selling shares therefore down go the stocks. meanwhile the banking stock down the most. down some 6%. danish lender. current economic conditions they say looking -- we have the larl low interest rates. a negative deposit rate. we have been looking at the currency wars going on. this is hitting banks where it hurts. they propose no dividend for 2014. >> thank you very much. of course we have to take it back to athens. greek markets just opening up after gov