Lawmaker hiking its full year outlook as sales jumped 70 in the Fourth Quarter. Twitter finally sets the price of its ipo today after the closing bell. The most anticipated tech offering since facebook last year. Very warm welcome to you. We kick off with the final snapshot of the services pmi and the composite. The final services pmi, 51. 6. A pick up from the 50. 9 flash number. The composite pmi, then, 51. 9. It was 51. 5 was the flash of the composite number was picked up, as well. October Services Output prices, 48. 5. That is a slight tick down in prices from 48. 6. Which was the flash number. Euro dollar just moved away from that sevenweek low. 1. 3501. Were traiding between that 1. 34 level and the two of year high which we hit two weeks ago, 1. 3833. Well get more action on the eurozone economy as we go through the program. Also listen to go what ba systems has to say, theyre expecting to act around 1,000 jobs in three uk shipyards. They will make more announcement a little bit later. But there are expectations that those job cuts are going to come down and they may be keeping Scottish Shipyards open. Theres a public dynamic to this, as well, bearing in mind theres a whole question surrounding scottish independence, too. So well get more bae systems, as well. Besides aus ol that, also coming up on todays show, bad news from washington. As experts warn that fridays october jobs report could be especially bleak, thanks to the recent Government Shutdown. Well give you a preview at 10 30 cet. Secrecy may have given samsung an edge of competitors in the past, but now the traditionally elusive tech firm is opening its doors to investors for its first analyst day in eight years. Well have the latest from seoul at 10 40 cet. Next was an 11th hour price move, the right move for twitters listing. Well get Expert Opinion at 10 45 cet. And its also back to japan where the worlds biggest carmaker toyota has raised its profit forecast after a weak yen and profit helps to lift quarterly earnings. Weve got the full details at 11 20 cet. Plus, its media earnings week in the u. S. With firms fox reporting 20 less than expected quarterly earnings. Well get the latest details coming up at 11 20 cet. If you have any thoughts about anything were discussing today, please email us at cnbc. Com. Tweet me, rosswestgate, as well. Olsom says it plans to cut 1300 jobs, mainly in europe. A move that means it doesnt need to raise fresh capital. The firm made its announcement as it revealed another big day in french earnings. Stephane, what has been investors reactions about what alstom had to say. Alstom wants to focus on the Cost Reduction after announcing for the first half of the year a 20 contract job of its order. The company will cut 1,300 jobs worldwide, mainly in europe. Its going to launch an Asset Disposal Program in the transport sector. Its planning to raise between 1 billion and 2 billion euros from the sale of its Minority Stake transports unit, chkt be in the stock market at some point. The company is struggling with austerity policies in europe. Its also face ago softer growth from emerging countries. For the first half of the year, net profit declined by 3 . At 375 Million Euros, although, ross, it was a bit stronger than expected. And also this morning, we have numbers from lefrange, which posted a net profit of 340 billion euros. The ceos confidence that the Third Quarter was stronger than the first half of the year. In the meantime, thanks to a stronger demand on most emerging markets in the meantime, the recovery in france, europe and the United States is stabilizing at low level Market Reaction as the Company Confirms its targets in terms of debt reduction. Stephane, thanks very much indeed for that. The stock up 5 . Old neutral up about 1 at the moment. It had increased Third Quarter sales of 10. 4 billion. The insurer says its the size of recovery in britain and america, despite the volatile global market, which is helping with the South African business. The ce on o Julian Roberts says hes pretty pleased with the momentum. You are seeing more and more flowing back slowing into equities. So more and more, we are seeing people increase what they are putting into equities and i think that momentum will go. The dutch Publishing Firm says north American Business res helping to offset declines here in europe. Smashing expectations for its Third Quarter net profit, up 61 is to 191 Million Euros. Analysts were looking for a figure around 137. The worlds Number One Firm says its returned to growth in a number of European Countries. Stock up 12 , as well. The danish wind turbinemaker posting a best than specd rise in Third Quarter operating profit. The firms Restructuring Plan helping deliver a betterthanexpected earnings number. Pirelli cut its full year retail sales while it says european sales were fairly skewed. Nevertheless, the stock is up. Later on today, well go speaking with the pirelli ceo, marco provera. Catch that interview on closing bell and again tomorrow morning. Thats where we stand with the earnings right now. Whats your view of the on earnings season . Are we meeting your expectations . Well, if we live in the u. S. Earnings season, that has been quite well in line with previous Earnings Seasons and downward revisions to 201213 earnings per share has been only less down than what were seeing in europe. In europe, the downward revision is around 10 . But we have seen signs that the European Countries with broader exposures outside europe, specifically in north america and asia are doing better than the ones with more domestic exposure. Yeah. And is that a trend thats going to continue . Probably for some time. Maybe next quarter will be a little weak, as well. But i think as we progress into 2014 we will see european equities to begin to see upward revisions to operating profits and top line growth again across the board. We are quite optimistic in 2014. We think theres a lot of indicators, the leading indicators that are signaling that the economy is going to accelerate into 2014 and that will benefit europe across the board. Yeah. A good example of that, i suppose, is adecco smashing forecasts. They said weve returned to growth in a number of uran countries. They easily beat forecasts this morning. What do you make of them . Exactly. It proves our point that the euro from a macro perspective is turning around and ademo is signaling that the labor market is turning around in italy and spain and germany where france is still weak. So it sort of tells us that the competitiveness reforms have been carries out and its beginning to work. And look, ing is saying its going to continue to make strong progress in its restructuring program. Thats your favorite insurance pick. Why . We have been extremely positive for ing. It has a 25 upside potential still and with the share price going more than 5 a day, theres still 20 up side here. And what is lining this is the upcoming ipo of the european Insurance Business in 2014 which will eat the shareholder value because its now easier for investors to unlock the value of this complex financial conglomerate. You saw the shareholder value unlocking when they did the ipo of the u. S. Insurance business. Then the Company Continues to have tight control and they are divesting key assets in asia, which will benefit shareholders. We think that will be a positive tailwind for ing going into 2014. Definitely our top pick in the european Insurance Business. Look, pirelli is just the latest European Firm to talk about the strong euro having an impact. Are they just using the strong eurozone excuse or are you going to look at companies and say, yeah, im going to reduce waiting in them if theyre adversely affected by the strength of a single currency. No. I think its a bit of an excuse at this point. If you take the average euro dollar fx rate, it has antibiotic 1. 33 the for the last year and were trading slightly above that. And you can still see from the export numbers coming out of spain and italy is that both export countries is accuracy an increase in the exports despite the stronger euro. So i think we have to be careful here about saying that the stronger euro is weak and i think switzerland is the perfect case of where you have a strong currency and the companies can report strong earnings and top line growth, so there is no connection there, i think. Peter, thanks for that. Thank you. Ive got new car registrations out for the uk. That sector expanding at the fastest rate for 16 years. Uk car registrations for 2013 stayed up 10 to 11. 95 million units. Car sales in october up 4 , 157,000 units, as well. And theyre now raised at the result, the society of traders have raised the forecast this year from 2. 25 million, they see 1 growth in 2014 and 15, as well. Car registrations reflecting the increased strength in the british economy. Yep. Yep. The waiting is nearly over. Twitter is expected to price its ipo after the closing bell today. Its going to sell 70 million shares or 13 of the company as previously planned. But the price has gone up. Eye now up to 23 to 25. The initial price range was 17 to 20. At the top end of the new range, it would value twitter at around 13. 6 billion. Plenty more to come on that. Its a big week in ipos as 16 are pricing. Last month, 30 deals were the most in october since 2004. And Renaissance Capital says its now turning out to be the best year for ipos since 2000. You can get the subject of the trader poll throughout the week. Well bring you the results and show you the sentiment today. This week were asking how will twitter close on its first day of trade. Weve got a higher range now. Will it be higher, lower or flat. Head to traderpoll. Cnbc. Com or have your say on twitter using traderpoll. We want to know is the ipo friendly a sign of market strength or a sign that the stock market is getting top heavy . Let us know your thoughts. What is this recent berth of activity on the ipo market . Email us or tweet direct to me, rosswestgate. Sixuan joins us now out of singapore. Thank you, ross. We saw muted trading today with uncertainty about the set tapering under sentiment. China markets lost rounds in late trade while investors remain cautious around the key party meetings. We saw heavy selloffs in Property Developers and banking shares. Meanwhile, more clarity of banking reforms today. A local chinese banks, weishung priced near the bottom range and the index ended flat. The nikkei 225 outperformed its asian peers and gained 0. 8 . A flat session for south koreas kospi while samsungs dividend hike plan failed to impress investors and tumbled over 2 . Australias asx the 00 ended the session on a flat note. Lets take a look at the tech space in taiwan. Acer reported a worse than expected q3 net loss. Its restructuring, bringing in a new ceo and cutting 70 of its head count. And taiwans htc is looking to lower costs. Shares in contrast gained almost 4 today. Thats a look at asian markets. Back to you, ross. Sixuan, thank you. Advancers outpacing decliners around about 7 to 2. Yesterday, the ft. If it is was down some 16 points. Weve run through the earnings and thats the focus. The ftse is fairly flat. Weve got industrial figures coming out in the uk in around about 22 minutes. The xetra dax is up 0. 25 . The cac 40 is up 0. 6 and the ftse mib down fairly well up 0. 7 . Pirelli helping out there. U. S. Treasury markets today, higher than where we were yesterday. We did see on the ism manufacturing component, an increase in the employment, a better figure than we thought suggested that businesses went through the shutdown of the u. S. Government in october on. May be in better shape than we might have thought. Gilt yields at the moment, 2. 71 . And its still a real scaling back or ratcheting up of expectations to say when the bank may raise rates in the uk following that strong data, as well. On the currency market today, the yen is being down across the board. Dollar yen at the moment fairly flat, 98. 48. Pound continuing the climb that we saw yesterday, posted a services pmi number back up at 1. 61. Euro dollar, 1. 35. Now, one thing before we head into the break, if you like pina colotta or getting caught in the rain, find out why aging coconuts are something to worry about. Thats perked your interests, i know it has. More on that, plus strong u. S. Sales and a weaker yen have sent toyota results into full throttle. Well bring you the latest from tokyo when we come back in just a few moments. Honestly, as much as i love this job, i plan to do a lot more. I needed a new laptop for my premed classes, something that runs office and has a keyboard but i wanted a tablet for me, for stuff like twitter and xbox, so my downtime can be more like uptime. Thats why i got a windows 2 in 1 which does both works as a laptop and a tablet. So i can manage my crazy life, and also have a life. [ beep ] gotta go. All right. Toyota has been benefitting from a slightly weaker yen. The japanese automaker lifting its net profit forecasts by 13 for the year after a 70 acceleration in Second Quarter net profits. Joining us for more is kaori enjoegy. What do analysts think of these toyota numbers . Well, ross, toyota is well on its way to being this Worlds Largest automaker this year. When we talk about the depreciation of the year, youre bound to expect profits and thats why the market has rallied this year and were getting that confirmation today and more. Now the company is saying net profits are going to come in at 16. 95 u. S. , just shy of the record it hit in 2008 right before the financial crisis. U. S. Markets particularly strong for toyota and they sounded pretty upbeat at the News Conference today. Ross, were well into the second and third face of the socalled abenomics, which is the Structural Reforms were waiting for and whether or not companies are going to translate these bumper profits into the higher wages. Toyota is critical because they set the tone for the nation in terms of wages. But despite these record levels were seeing, theyre pretty noncommittal on that front today. It is natural to return profits to employees in the form of wages. That will depend on discussions with the union. Once the union makes its demand clear and presents them to the company, only then can those discussions take place. Strong results, but there are areas that toyota should be concerned about, particularly in three emerging markets. Thailand, indonesia and india, especially if fed starts to if the fed starts to taper. It depends on u. S. Monetary policy. If the fed starts to taper, it will have various ramifications in the emerging markets, and not just on Interest Rates. When it comes to the emerging markets, there are a number of uncertainties. This caps the earnings season for the japanese automakers, a lot of record profits this time around. Ross, as we talked last friday, the big miss from nissan really stands out. Meanwhile, Mitsubishi Motors carry in focus. I understand theyre looking to double annual sales in china in the next three years. They have a new strategy offering up to 2 billion in ordinary shares, as well. What are they trying to do with that . Pay back shareholders from the bailout . Absolutely. The terms youve come a long way really applies to the ceo of Mitsubishi Motors. And in my mind, today belonged to him more than toyota because this is a company that was on the verge of bankruptcy back in 2004 because of the coverup scandal and they had to issue preferred shares. But today, theyre confirming that the market had been expecting. Theyre buying back most of these preferred shares and issuing new stock up to 2. 1 billion as soon as possible. Heres what they had to say. This allows us to be a normal company and not we hope this will be a paradigm shift and help us go further. If it were not for the lehman crisis, we could have completed our realignment and come up with a plan to rebuild even sooper. It also set out some Ambitious Goals for the next three years. Theyre counting on record profits of 1. 37 billion by march 2017 and hoping to sell 30 more cars than they do right now. But you have to remember, this is a very Small Company and i think therein lies the longterm problem because technology is expensive. They need a global partner. And because of the realignment over the years, there are not that many left and i think this is one of the Critical Issues facing Mitsubishi Motors. Kaori, thank you vep. Well catch you later. Staying with the automotive theme, tesla motors has reported a narrow Third Quarter loss on slightly higher production of rev noougz knews which beat forecasts. It delivered 5500 of its model s sedans including 1,000 into europe. Thats more than tesla projected, although some analysts thought the Company Might ship more than 7,000 cars. Its expecting earnings to be consistent with the First Quarter. Ip client they would fall short of analyst estimates. Talking about a shortage of battery supplies. Shares down 7 in after hours. Were up 9 in frankfurt. Still to come, australias trade deficit may have improved in october, but it was driven by a fall in the purchase of mining equipment. Well look at commodities and the produces straight