We are minutes away. The ftse 100 up by. 25 . The dax an inch higher. What a week for european equities. Actually pretty interesting week,ver the space of a disappointing numbers from china, stagnation in europe. F change in terms of where we are with Interest Rates in the u. S. And europe. K of gainst wee in six months. Putin is ready to meet the finish minister. Finnish minister. We have the Ukrainian Foreign minister saying they are ready for deescalation. The usa is on fire. In europe, you buy the bund and at the same time you buy the equity markets are rising. The ftse to o pen. Billiton is in the news talking about the potential for a merger. 14 billion. Iron ore, copper, and coal. That would be 85 of their sales. Potentially spinning off. We might get more information next week. Who will win the war for brazil . Not talking about the world cup. Talking about telecoms. Italia is said to have approached the vendee. Vivendi. Caroline will bring you the detail. Now pop this in. Here is something i have prepared earlier. We will give it a go. We have got a little bit of a trend. Days, seven days ago. This is the trend in currencies. If you want to begin to understand the trend and the movement in risk. It is the dollar where we have seen overall trending up over the past few weeks. It is confirmation the eyn is back on a downtrend the yen is back on a downtrend. The yen has been falling by half a percent. Risk off. Also saying this was frank, lower as well. Franc come lower as well. We are breaking into new territory. Join me on twitter and i will explain what they are. You are so tricky. A higher open. Ftse up. Joining me for more insight into todays markets is a strategist at head of investment across bridge at cross bridge capital. What a run for european equities. And yesterday, bad news was cal led good news. More bets for stimulus from the ecb. Yesterday what happens, there was a clear message you do not sell bunds. Thats one lesson. The second thing, i am more positive i am not bearish on european equities. Ecb has spent a lot of money so far and they have managed to achieve the objective they had. We have to understand the european governments are highly leveraged. The presst from conference is that the ecb has a clear intent to buy that. That will keep me positive on the market. We will wait for the ecb. What we also learned from mary r draghi last week is that he has become quite political draghined from mario last week that he has become quite political. We have the stare down. The ecb draghi and capitulate and conduct q. E. In the way some expect, not going to do much to his political agenda. Mario draghi is saying, ook look, spain and greece have done reform. He has a strong argument. I think mario draghi has a point. It was very surprising when these comments came out because you have seen the comments on fiscal policy rather than Monetary Policy from a central banker. I think there is a lame message that the politicians have a sense the ecb there is a latent message that politicians have a sense the ecb can do more. You are bullish on equities. Are you bullish on the perception that the ecb will do more on the reality that they really think that they will do more . What are trading on right now . It is definitely on the perception of what ecb is say ing. The press conference was clear. He highlighted that there are problems which could arise if the ukraine conflict gets bigger. But that means that ecb might come in quicker. It is difficult to be short or sell the market thinking there is going to be capitulation, because you cannot fight a central banker. Arian has come out and says this is a suckers bet. Even if the ecb does act it will not solve the problems. What is your take . My short term take is you trade the data. That is what we have seen so far. Who is going to say this year ukrainian crisis is going to be solved eventually. Inflation is not there. People are worried about high Interest Rates. Central banks are printing money. You long the, are periphery or looking at the dax . Dax has value. A, the sellof has happened. B, the emerging markets have done really well and they have a huge manufacturing base. So i would say definitely should stick to the main markets. France is a worry. Germany was just below expectations. But france was a bigger disappointment. We will talk more about that after the break. We will get your stock picks. Here is a look at what is coming up on the move. Eu Foreign Ministers meet today to talk energy and the crisis in iraq. This is on the move streaming online. Streaming. Finnair is down. 31 million euros. Lowered their 2014 forecast. They see a significant loss in 2014. Delays and personnel, costreduction, talks o Unfavorable Market conditions. Loser, down over five percent. Ukrainian and Russian Diplomats may sit down with their european counterparts this weekend according to the Ukrainian Foreign minister who announces on bloomberg tv. Here with more is the man who conducted that interview. Ryan chilcote. What is going on at the border . You have been following that convoy. Convoy is still sitting on the russian side of the russianukrainian border. The russians are now saying they want to see a ceasefire before in toend that convoy andtect the 280 trucks drivers from the possibility of coming into contact. In addition to that, we have two eyewitness reports from one russian journalist saying they saw a few does and Russian Armored personnel carriers enter ukraine last night. The Ukrainian Foreign minister half hour ago. I asked him, if hes ready to g ive russia that ceasefire they are looking for in the east of the country. We have been talking about bilateral ceasefire for weeks. Of course, the bilateral it is a yes or no answer. Are you ready for a ceasefire . We are ready for the bilateral ceasefire if all of the key conditions would be met. Now we dont have any contact or any activity from the terrorists. We do not have notification from the ground. We have slight progress on hostages. We dont have any thought of effective control at the border. These are critical conditions. If they are met, of course there will be a ceasefire. It does not sound like there will be a ceasefire anytime soon. The Ukrainian Foreign minister did say he is going to meet his russian counterpart as well as german Foreign Ministers this weekend. That is new. We also learned yesterday that the russian president spoke with barroso. President and the ukrainian president may sit down later this month. There is not going to be a ceasefire, and there may not be a whole lot for them to talk about yet. The ukrainians not too keen on ceasingle idea of fighting because they surround the last rebel stronghold. As far as they concerned, it would be much better to go in and clean out separatists and stop shooting. At therussian turmoil top of the agenda of todays meeting. The other topic we know will be the threat by t Islamic Militant sweeping iraq. Hans nichols is in brussels with more. You are going to be a busy boy today. It is going to be a busy meeting. A snap meeting, an emergency meeting in brussels. Atop the agenda is ukraine. And after that iraq. Actually getting intelligence on not only what is happening on the ground of what is happening with the convoy. Bike getting intelligence on the parties intentions. Are the ukrainians prepared for a ceasefire. It appears they are not. What were going to see, everyone will speak at the meeting. It starts at 11 00 london time. But theres also going to be intelligence sharing. We hope to talk to the romanian foreign minister coming out of the meeting. We want to get a sense what is going on on the ground. In terms of additional sanctions, that is unlikely, according to an eu official that spoke with bloomberg last night. Dont look for this meeting to have new sanctions. Do look for everybody to assess the impact on russias ban on food imports. Clearly sanctions are having a bit. Asking the state for 42 billion to help with their financing. They are heavily indebted. They are having a hard time an open capital markets. Hans, if that situation in russia and the ukraine is not complex enough, what is the latest on iraq . Yes. The latest on iraq is that it seems there is momentum towards arming the kurds. The british are for it. The french are as well. The question is, will the germans line up behind the idea . It seems they are leaning towards that direction. At the same time, movement on the ground in iraq. Has agreed to step down. You can have a better political situation in baghdad. Potentially a fully formed government. That government has indicated, the old one has indicated they would be willing to support the kurds. It seems like they are inching along towards arming the kurds, and helping them be a bulwark against these islamic fundamentalists. Thanks. Have a good day. Still with me is our strategist and head of investment across bridge capital. You listen to all of this noise coming out of the medical situations russia and iraq. You remain long equities. Exactly. No, theres a view that some people have that fed is behind the curve. Now, given that you saw the Unemployment Rate is at 6. 2 . Thehat view is coming to sideline. An officialt was lamented that the jobs market is not stressed. Ow, we have seen good data being trumped by geopolitics. So thats something i will be worried about if it comes out and they are more hawkish. If they comereen out in a dovish mode. I am not as concerned about inflation as the market in general. I believe the 1970s inflation was because you had five percent gdp growth. Most importantly, you had a very unionized work force. Which is not the case now. So im not as much concerned, unless you see forward what is the trigger point for the fed, growth . I would say if you have a consistent growth of 3 over two quarters. Then you will start getting worried. If you have the Unemployment Rate falling. As the job market increases, more people look for work. The Unemployment Rate may not go below six percent. One big consensus is growth next year in the united states. The other one is india. Talk. Hness and happy around this country it is independence day. The Prime Minister gave his first speech. It was a very strong speech. He did not talk about big announcements. He talked about what is india doing. It was a very positive speech. I can give you one tip about india. The average age in india as 26. 3. Age,ina, if that was the their export is 173 billion. China is 39. 4 average age. It will take them until 2045 to get to the average age. India has a very big demographic coming up. We have a government that is completely bent on changing the way things are working. I am positive on into. Isthe euphoria around arbe not really there anymore around abe is not really there anymore. Is the same going to happen with modi . Changes you are talking about in india cannot happen overnight. He has complete majority and control. Man that knows a lot about what is going on there. Thank you very much. Coming up, the potential telecom battle. The industrys biggest players are battling for brazil of all places. That is next. Welcome back to on the move. Lets bring you up to speed. Shares of china mobile raised to the highest in six years after say it would cut 2 billions from phone subsidies this year. This could raise prices of apple and samsung phones. Coca cola has agreed to buy 70 stake in monster beverage for just over 2 billion. The move is the sign of coke increasing its bet on the energy drink market. Chiquita said it will continue with the plan to purchase an irish competitor. The deal would create the largest Banana Company in the world and cut chiquitas tax bill by relocating its headquarters to ireland. The battle for vivendis brazilian assets is heating up. A is getting ready to offer. Will it trump telefonicas bid . Look, we will, give you a tie up with our own brazilian unit and also offer you some key content outreach into italy. This is what could would away from telefonica. Saying, lets get into bed together. We will team up with your unit in brazil . Why is it so alluring . Brazil is such a growth market, particularly in the internet. A week ago, telefonica came up with its own deal that rivaled the spanish rival it owns a chucnnk of Telecom Italia. Sneaky, telefonica. Because telefonica already knew that Telecom Italia and vivendi were having chats. They tried to steal the limelight and offer up the big bucks to steal it away from Telecom Italia. Vivendi has a question does it want the 6. 7 billion euros or does it get into bed with youcom italia but it gives a new market . Put tha tinto italy. For its part, vivendi playing hard to get. Nothing is up for sale at the moment. I do not get the tussle over brazil. Before the world cup, nobody had a good ring to say about it. You have a nice up and coming olympics as well. You have a young audience. You have many people wanted to access the internet, wanting to download content. This is where the future is. This is how Telecom Giants can make revenues is by you and i getting access to data. Charging us more. We do not want to send texts. We do that with other apps. It is how much we want to onto access the internet. Ls regulators does not want mergers. It wants new buyers in brazil. Thank you very much. Coming up on on the move, from the wild west to the east. Ill tell you what i am talking about in two minutes. This is on the move. I am jonathan ferro. This is what marcus look like. The session high, up by. 5 . On the ftse. What a week for european equities. The market has a couple of stocks to watch. Manus cranny. Were going to break all tradition. We are going to blow all tradition out of the water. Cheapt comes the fashion, these guys are delivering. Up 17 . Their opening new stores. What we have seen is this stocks is one of the stoxx 600 retail, up five percent in the past threemonth. Retail is down 5 . Billiton, will they or wont they go for the big merger plan . Sticking to core areas. Copper, coal and petroleum. This is what we will find out next week as they spin off the likes of nickel and aluminum. I wanted to tell you about Telecom Italia. Its down. Money are they going to have to pay to get their hands on vivendi . Firdariday. You cut a stock from three to two. The bank of japan may cut its fiscal forecast for a fourth time. The expansion for the year 2015 1 forecast. Board members expect that force exports have failed to boost japans economy. Dreadful data out of japan. Iraqs Prime Minister maliki has agreed to leave office. Facesw administration islamist militants advancing in the countrys north. And russia have proposed a ceasefire for humanitarian aid deliveries to southeastern ukraine. Dds withe is at o several reports of armored personnel vehicles being seen entering the ukraine. Nhe government in kiev has bee saying for months that the separatist separate receiving reinforcement from russia. Lets carryon talking about russia. The man making the most of the standoff. The beef business is booming as russia turns to domestic meat after banning imports. In 2011, i was in russia looking for stories and i learned there was that an american cowboy in russia raising cattle. Now, before this i did not even know that there were american cowboys. I thought there were only on the silver screens. Turns out there are. His name is darrell stevenson. He brought over 1500 head of cattle by plane and ship on 747s. Basically taking advantage of the russian governments push to introduce Food Security to reduce its dependence on imports. Russian imports about 40 of its beef. Few can imagine last week when russia introduced a ban on important beef, including beef from the united states, how that would help darrell. He really is benefiting. He said, sages in the short term are not good for anybody, but it will help stimulate the domestic beef business. Hes going to make the most of it. Better prices . Yeah. Russians have never been huge steak eaters. In the soviet day, steak was not a priority. The priority was tanks. So what they did was, they did not really have beef cows. When the nazis came in they slaughter the beef cows. They would take the dairy cow, and soon as the milk dropped off, they would slaughter the cow. It is not as good. As russians are getting wealthier, they are saying, i will have some of that angus steak. In terms of the price, they should get a good price. The question is as much demand and also if russians really like their delicacy, they like their food and delicacies. I like the fact it would come from the u. S. Are they appeared to accept something thatss their own as being just as good . He will probably get a good price, but it depends. Cow. K is already 50 in mos and a hamburger . 30. Thank you very much. From russia to the middle east. The conflict between israel and hamas has demonstrated the gaza strip and demonstrated the israeli economy, except for one sector. Guess which one . Defense. Israeli troops spent three weeks on the ground in gaza but most of the damage and deaths during the conflict came from the air. In the form of rockets formed by fired by hamas and air strikes from the Israeli Military. The targeting and intelligence acquire for the strikes came from Unmanned Aerial Vehicles known as uavs or drones. These drones can see ballistic launches and everything. They can see everything. They can see from 6000 feet from a soldier to a rifle. Daniel is the deputy ceo of aeronautics. The firm that focus almost exclusively on drones. We are selling more uavs, numbers of platforms more than anybody else in the country. The companys share of the d rone market is less than 10 . This local market unfortunately is a battlefield. Israel. Ombat proven in there is a stamp of quality. Then it is easy to convince International Customers that this is a local, proven solution. Annualof the companys revenues comes from customers on five continents. Firms, israele has overtaken the u. S. In uav export numbers. My students that israel used to be known for exporting oranges. Now it is exporting military technology. Most israeli men serve in the countrys military. This means the defense and Technol