Lets talk about what weve got. Manufacturing pmi falling to 50. 4, the forecast 50. 8. We have already seen the breakdowns from a national level. The german date or little weaker, the french data certainly a little weaker at the moment. Those that were hoping there were any w numbers in the other survey numbers were indicating that we were going to see a more stable story, maybe a little bit disappointed by that. 1. 2515, you could have seen a pop through you could have seen a pop through 1. 26 today if you had a decent german number. 16 is where we are trading now. Thats get some immediate action to the figures. Harry coleman, good morning to you. I read your notes this morning on the train. Broadly positive. You think the doomsayers are largely wrong about the european economy. Is there evidence that undermines that argument. I dont think it does. We had soft data, some of the trends in the pmi numbers pretty poor, but generally i think the consensus on europe is too bearish. I think
European bloombergs headquarters in london, i am francine lacqua. We are getting pictures of u. S. President barack obama speaking at aipac. President obama saying the u. S. Is committed to the asiapacific region. He is talking to a crowd of ceos about the u. S. Economy saying that it is primed for sustained growth. He was also talking about these and visa arrangements. He is talking about what we heard from the chinese president. We will have more from that apec summit throughout the morning. Escalating risk from russia. The former soviet leader warned that the ukrainerussia crisis could threaten world peace. Is on the brink of a new cold war. Some people are even saying that it has already begun. Warning comes as ukraine accuses russia of supplying rebels with weapons and supplies. Many as 200d as fighters killed in recent fighting. Great to have you on the program. Thank you for coming in. In terms of where we are in this powerplay that continues, it seems that concerns over ukraine
How will the plunging Oil Price Effect statoils earnings . Plus the first interview of the day with the chief executive. Social climbers. Twitter and linked in shares soar after beating estimates. Welcome to countdown, i am mark arden. Barton. I am manus cranny. The u. S. Nonfarm payroll figures. We infer those. In the meantime, lets give you the numbers for stat oil. They are breaking across the terminal. He will be made with me a little later. Net income for the fourth quarter. Comes in at 9 billion kroner. The key is the dividend will be flat for the first three quarters of the year. The dividend remains for the first three quarters, no change. Capital expenditure, the other key issue. The trend is the same at statoil. A Capital Expenditure program reduced. 218 billion this year. The Cost Reduction program they will lift. To 1. 7 billion. Lift that to 1. 7 billion. They will provide total cash improvements of around 5 billion. The dividend remains intact for the next three quarters.
To the pulse. The greek fiscal odyssey moves on to germany today. Graces finance minister will meet the ecb president in frankfurt today. Lets get to our international correspondent, hans nichols in germany. What kind of a reception is he going to receive in frankfurt . Who is going to be the first dimension tbills . I guess varoufakis has to mention tbills because he has to figure out some way to finance. This entire longerterm payoff deal in maybe april or may, or even june, hinges on their ability to get some sort of bridge financing from the ecb. So far, theres been no indication that they are willing to give that bridge financing. They might need anywhere from 10 billion is one number in terms of raising the ceiling. The ft is reporting that the ecb is unlikely to raise that ceiling. Importantly, here in germany, my colleagues reported that Angela Merkels government is thinking about playing the long game to wait until april or may. Listen to what merkel had to say yesterday when
Im francine lacqua. Were just getting some breaking news. This is the i. F. O. Just breaking in line with expectations. The expectations for the future are a little bit higher. Germany is strong. They are certainly outdoing french. You look at the p. M. I. Numbers. Not difficult. You got some 47s from france and mid 50s from germany. Another piece of fairly strong data, pretty much in line with expect aations. A little bit of weakness maybe at the fringes but nevertheless germany still showing signs of strength. We have a guest hose for you this hour, jim oneill. A columnist for bloomberg view. Very Quick Reaction on this i. F. O. Number. Going strong. Actually the latest i. P. Numbers were not so great in germany. The surveys are strong. The Current Assessment is it is not the first time Current Assessment disappoints. It has gone on for a long time. Kind of boring. Lets move on. Our markets editor, manus cranny has more on how prepared the markets are for a possible december taper. P