critical part in the numbers, profit negatively impacted by marking down their products in new zealand, cyprus, and puerto rico. the margins seem to have gotten a little bit better. in actual headline numbers terms of pretax profits, $3.3 billion. that is below the estimate of $3.7 billion. anna: let's check in on the equity markets. it looks like we might get a bounce at the start of the european trading day. it looks as if we will be up 0.5%. the asian session, treading water. manus: a lot of this goes back to oil. broke the saudi story. it moved the oil market by 6%. then the kuwaitis said, delhomme might be something where we can but beargain -- doha something barbican we can get a bargain. let's have a look at the oil markets. we are seeing a nice relief rally, and that is what drove the asian session. you are seeing the oil prices. $36 79 cents, both of those substantially higher coming on the back of the delegation suggesting that the conversations in doha might still matter. we have had the yen hitting its strongest in 17 months. it went through the 110 level, almost entirely unchanged