Barclays Head of Equity Strategy Will Hobbs says with or without QE the euro zone should improve in 2015.

SHOWS: LONDON, ENGLAND, UK (JANUARY 9, 2015) (REUTERS - ACCESS ALL)

1. SLATE, READING (English): 'NOW THAT INFLATION IN THE EURO ZONE HAS SLIPPED INTO THE NEGATIVE TERRITORY, DO YOU SEE THE ECB BEING PUSHED INTO TAKING SOME ACTION ON THE JANUARY 22ND MEET?'

2. BARCLAYS, HEAD OF EQUITY STRATEGY, WILL HOBBS, SAYING:

'There certainly seems to be a very very large consensus among strategists and forecasters that the ECB is going to do sovereign bond QE and there is a lot of that consensus now saying that it is going to happen at the meeting on the 22nd of January. It is going to be announced on the meeting of the 22nd January. From our perspective we are sort of not necessarily focused too much on whether the ECB is going to do QE but the question that needs to be asked is whether it will make a difference, whether it will actually change things for the economy and European assets. Because as you look around it is hard to imagine that government bond QE is actually going to meaningfully push government sovereign bonds that much lower. German ten year borrowing costs are already down at below 0.5 percent. Spanish and Italian borrowing costs are really not that much above that considering the extra risk you are taking. And if you look at the currency that is now down at 1.18 having fallen from 1.35 last year, so that has already cheapened quite a good deal as well. So in reality the thing that we would focus on probably with regards to Europe is not so much whether there is going to be ECB QE but are there signs of progress elsewhere in the economy, are things brightening up a little bit. And on that prospect I think there probably are some decent signs. If you look at credit markets they are starting to thaw a little bit, you saw actually consumer credit year-on-year turn positive towards the end of last year. And you also saw credit to non-financial corporation's get less negative year-on-year as we entered the end of last year. So the ECB's already announced measures are starting to take hold and we see this year sort of brightening a little bit for the euro zone with or without QE.'

3. SLATE, READING (English): 'OIL HAS HAD A SLIGHT REBOUND, SOMEWHAT CALMING THE MARKETS. WHEN DO YOU SEE OIL PRICES FINDING A FLOOR?'

4. BARCLAYS, HEAD OF EQUITY STRATEGY, WILL HOBBS, SAYING:

'It's good news for India. You have certainly seen CPI come down markedly in the last few months; certainly between June and November you saw the CPI go down from I think 8 percent to below 5. I think that has got to be good for real disposable income. So again that should be positive for the Indian economy. The Indian equity market did well last year for much of it. And we are now singling out Indian equities in particular, what we are singling out to clients is the whole Asia, EM space and that resurgent Indian economy is very much a part of that story.'