There's been a positive sentiment on stocks all week. Companies in Europe are showing decent growth.

Microsoft led a string of disappointing releases that tarnish what had so far been a very good earnings season. This will weigh on the market today.

There's a feeling that U.S. inflation may be under control, and this helped U.S. markets. The optimism may spread on to the opening of European markets.

We still believe this bid is going ahead.

We are very active and alert to any opportunities for non-organic growth.

I agree that growth in production capacity this year will be a bit higher than demand growth. Still, the IEA always tends to be over-optimistic in terms of non-OPEC supply growth.