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Lets have a look at where european equities are trading just under 30 minutes to the close. I can tell you the stoxx 600 is rebounding from a fivemonth low and also rebounding after it had its worst week since november last weekend. We are seeing broadbased gains, the ftse 100 up the most in over a week. The dax up the most in almost four weeks. Some people coming out to say perhaps a correction is imminent. This is the europe index and what we can see here is that those are drops of 10 or more from peaks. That hasnt happened in about 13 months for the europe index, they in the question whether we are due a pullback. That 13th month run without a pullback of 10 or more is the longest since this bull market began in 2009. That is and and then we will talk about this hour. And then looking at the stoxx 600 revenue per basic share against the euro. We were just talking about the gains in strength of the euro. The euro was weaker because of broadbased dollar gains, but overall, we have see

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