Nissan scrapped its payout entirely. Changes at the top. Ubs begins its search for a successor to ceo Sergio Ermotti. They are said to be seeking internal and external candidates. Good morning, just under an hour away from the start of the cash equity trading day in europe. Lets take a look at the futures picture. The picture around the asian equity session was one that was flat and negative, and this is the picture we have for european futures. European futures showing a bit of upside to the start of the trading day, as our u. S. Futures. We are expecting to see more movement, but coronavirus remains a big topic of discussion. And expectations about what Central Banks can do is at the forefront of investors minds, when we look at the resilient futures. Lets get to the breaking data. We have german Economic Data for the German Economy, stagnating in the Fourth Quarter. That is our red headline across the board. The quarter on quarter number, unchanged. There is the stagnation for you.
Treasuries are up in the pound is strengthening. Eurodollar, you can see 1. 10 52. As the focus shifts to Central Banks, a lot is coming up with news this week. We also have to look at renminbi. At seven. 08 7. 08. Some breaking news, a new chief executive at the royal bank of scotland. Alison rose will start at the position from november 1. And makes her the first woman to become one of the big for the over to hong kong, thats where Amnesty International is alleging the police beat be prodemocracy protesters. They also accuse the police of committing acts that amount to torture they would not comment, but say they respect the rights of people in custody. This weekend, demonstrations are expected to continue. And allout war in the case of iran in the country, thats according to the foreign minister speaking to cnn. She denies irans involvement and says he hopes to avoid a conflict and adds iran is serious about defending itself. Benjamin netanyahus days as Prime Minister may be numbere
Morning. Let us get straight to the markets. We have equity markets around the world under pressure. The shanghai composite is lower this morning. Going for the worst rate we have seen in china since the slump of last year. The biggest twoday loss since last year. Is view from the market critical levels, that would be a 50 retracement from that magical high that we saw two years ago. China stocks headed for the biggest twodate loss, margin traders have cut for the 18th straight day. They are getting out of this market. Back to give you a basis. Let us get to the recording season. It is really kicking in. Let us deal with santander, spains biggest bank. In terms of capital, that is the critical issue for the marketplace. Core equity fully loaded, 10. 05 . The mention is to raise the capital level quite aggressively to match her peers in the marketplace for 2015. They made a profit, a net profit of 6 billion euros. That is the santander capital position. That is the santander net profit