Stocks have had a fantastic rally and this market is screaming for a correction. The excuse may come in the form of yields or record energy prices.

They’re making progress at Abbey and Latin America was strong, helped by a currency impact. The reaction to the results will be neutral as there’s not much new.

The price being offered is more than reasonable.

European stocks have had a very good run and there is no reason why the trend should stop. We may see short-term profit-taking, but I don’t expect a strong correction.

Finally a large phone company posts earnings that don’t disappoint. These are very solid numbers.