European equities are going to be more profitable than the United States for the First Time Since 2008. Earnings will rise just under 7 . That is up from just under 5 . U. S. Wages rose at this lowest pace since 1982. What does that do for the debate about whether you get a september lift off from the fed in terms of raising rates or december . Harris is opening flat. London is down by an eighth. Youve got billy real and intercontinental. Iron ore as retreated back to 50 from its peak. China storyng that play out on rio and billy in terms of the reality of the slowdown in china. What happens next in terms of stimulus . Hsbc up 1. 64 . Pretax profit rising. They are selling the brazilian asset. They took a little bit of a hit. A couple individual names. Nokia, heineken, ill just show you those, hsbc up 1. 3 . Heineken up 1. 9 . Not a bad report from heineken. Anna spoke to the worlds number three brewer. They will see a moderate level of growth in their volumes relative to 2014. Up 2 .