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and crude reality. discuss $20 per barrel in that it if that is off the table. here is what is getting the going this morning. i m kind of looking at it, i m fairly underwhelmed delegates a regional bias. so how am i viewing what is going on in china. it s another factor that he has got to think about. clearly they showed robust job growth. the question is really one for steve major. is the policy diversions basically priced in. that s a key question. you see no doubt from goldman that the shares are pricing in but not much more. here is the thing. if draghi disappoints this week you could see one heck of a move. we saw what happened in the european curves. this week, it s one of the more pivotal that we have seen so far this year. we are 28 minutes away from the european market open and at this stage we will have a little bit of disappointment in terms of the market. let me show you the fair value calculation down by around 0.4%. you get this line here. it s a sm ....
here in london. i m francine lacqua. we ve had some news for individual countries. euro area march manufacturing pmi actually rising a touch, to 51.6. compared to a preliminary figure of 51.4. that gain really comes from germany. germany saying the manufacturing therising 50.7 instead of 50.4 we saw previously. we are getting the headlines from the pboc. we had some china gauge figures. the china economy operation is stable. what we heard yesterday from s&p, downgrading the chinese economy. given the breaking news we had a couple minutes ago, let s check in on the markets. this is a picture for european stocks at the moment. the new quarter was fresh to clients. down 3.5%. investors today really looking to key u.s. jobs data for indications of the health of the u.s. economy as stocks slumping also with oil. oil at 40.03. nejra: china s official factory gauge is unexpectedly jumped, showing improving conditions for the first time in eight months. the manufacturing purcha ....
2009. imports slumping 3%. the global headwinds are hitting germany heart. hitting germany hard. i will stages a rally after yesterday s selling off. we ve got brent up when 5%. .5%.ent up risk aversion is there. is always a little bit lazy at this time of mourning. we ll see how vw is opening. this is all about hiring a u.k. stock. comparisons are challenging. vw poppingup up .87%. concerns about pollution coming from their diesel cars. deutsche bank fell in u.s. trading. all about whether that evident will be crushed. back to you. jonathan: sit tight for a price on deutsche bank. bracingasia, we were for the reopening of chinese markets. shery ahn and hong kong. good morning. shery: chinese markets come back today after that week long holiday. shanghai composite closed 3% higher. it is less than investors is investors expected. there was a feeling that the government could do more to support the economy. despite of china s rise, we re seeing a mixed picture across ....
cuttingabia will be contractor prices, delaying payments. we know that supply is at record highs. oil up by half a percentage point. let s get on to the stock move. deutsche bank s move. shire down 2%. having to resubmit what was meant to a set what was meant to be a sellout drug for them. they meet with the fda, pending a positive trial data. danone beating analysts estimates. deutsche bank may like the reshuffle. scale back on investment banking and become a more profitable institution. heads are going to roll. back to you. jonathan: we ll talk about that later. let s see how that china gdp figure is playing out in asian markets. david english is standing by. good morning, david. david: equity markets here are neither here or there. it is not too hot or cold. today, slowest paced since 2009. slowest case since 2009. since 2009.ace very mixed. most are down here it are down. china is closing up shop right now. we quickly raised early gains and now we are down .5% ....
dollar for the first time ever. it is it is a morning. you need to be up to speed. caroline hyde has your bloomberg news. : chinese stocks have extended last week s plunge after concern about the slowdown deepening. the producer price index slumped 5.9% in december, sending declines to a record 46 months. the cost of borrowing the yuan has jumped by the most on record. tightened supply of the currency following intervention by the chinese national bank. ubs will double its staff in china over five years. their chief executive says that a time of volatile markets is as good a time as any for wrapping up operations. china is not on its own with those challenges. we have to expect some adjustments for 2016. those are also good times to plan for the future. that is the reason why we are starting to implement our strategy plan in the next five years. we think we are going to double our account in this region. crude has extended its slide from an 11-year low, confirming the v ....