the biggest loser is commerce bonk -- commerzbank. preparing 81 $.5 billion share sale to boost capital -- a $1.5 billion share sale to boost capital. if we bring up a chart of copper, there it is. .8%. shifting higher. chinese central bank has a plan to start easing to help debt restructuring. under the plan, the people's bank of china would allow chinese banks to swap local government bailout hans as a way to bolster -- bailout bonds as a way to bolster economy. in the commodity market it is having on young effect. the other -- an effect. tsipras reshuffled his bailout team. the deputy foreign minister would adopt bailout talk responsibilities. tsipras call the switch up necessary. >> now that we've have reached the final stretch we have found ourselves in the need of reshuffling our teams because we need full control to be as efficient as possible. we are in a critical stage and the final stage. therefore the main political delegation is under the responsibility of the finance minister we need a crucial game. a technical team and b

commerzbank about 5% lower on the back of that. keep an eye on daimler.2%. >> keep an eye on some big news. the second biggest oil company in europe. phenomenal, profit down. they are managing to curtail spending, try to cut costs. there is also an interesting piece of news from caustic coffee. >> stay with us. "on the move" is next to you tomorrow. ♪ jonathan: good morning, and welcome. moments away from the start of european trading. let's get straight to the morning brief. the company boosts its capital return program by $70 billion. we get the first estimate of growth. growth is expected to slow for a third straight quarter. they will dominate ahead of the open. >> we are looking at a couple ticks slower. banking is going to dominate the agenda. we had the man saying they were sweeping around the periphery of europe. that is where they are based but they are sweep

commerzbank says it is hard to tell if that is because the weather is bad or if it is a seachange.just about the u.s. saudi arabia is pumping 10 million barrels a day, and an arm is an out -- an enormous amount. mark: can they keep producing that much? alix: yes. saudi arabia could produce 11 million barrels a day. it would be pretty historic and that could be during the summer. most days it is because of demand and not because they are trying to infiltrate pressure on the u.s. mark: in a little less than eight minutes you will be hosting a "street smart." alix: anthony rizzo, first baseman for the cops. -- the cubs. i will be talking to the global chief u.s. economist at unicredit. mark: our producer is talking in by ear. he's a red sox fan, he is bad mouthing the cubs. mark: scarlet fu will join us after the break. ♪ mark: welcome back. after two decades of strutting her stuff on the catwalk, gisele is retiring. she wants to spend more time with her family. scarlet fu examines gisele's earnings versus the guy she is married to. scarlet: gisele is hitting the high note and walking

more on this story, annetta perhaps good news for investors down the road for commerzbank. >> yes, it's actually good news for those investors because obviously commerzbank hasn't paid a dividend since 2007 and just remember it just had a capital increase again of $1.4 billion further eluding the shares. normally those are quite entertaining. you have an awful lot of angry shareholders screaming at the board. yeah calling for the dismissal of other board members but perhaps that's a little teaser that they might like the board members a little bit more and makes them also believe in the turn around of the company but there is also sentence they have to wait until the end of the year but they're saying their target is becoming more challenging looking at the low interest rate environment so my good guess is better wait and see what happens until the end of the year before believing they're really paying a dividend. that's actually really positive story bucking the market trend which is a generally negative territory. of course here in germany. we have them lifting their 2015 earnings and

commerzbank was down by 4%. investors clearly do not like that idea and it is trading lower.he bond moves. we talk about german on yields a lot. let's talk about french bond yields. it went lower than that this morning. that is because the ecb has a low tolerance level. the level is -2%. that is where the french two years were this morning. there are a couple of headlines supporting that this morning. one trade i am looking at the pound is dropping off against the dollar. gdp comes in at 0.3%. this is the weakest quarter since 2012. the word at the top said a temporary. you can talk about this number all day until you are blue in the face. we are basing this on ultimately including in the final reading. we could get revisions. this is the last major piece of economic data before the election next week. it's bad news for david cameron. it back to you. guy: it depends on how you spin it. the recovery is still fragile. don't give it to the other guy to method up. i was about to say. jonathan: three quarters of slowing growth, let them play with it. that is the first reading. it'