commerzbank is higher as they named the next chief executive.tse 100 will open lower on the downside. miners were the are performers of last week. the performers of last week. german factory orders are showing two months of declines. the market had been worried about something worse than that. risk aversion is pulling into the gold market. once is moving agaiin again. say, is coming into overbought. the technical indicator is showing there may be a little money coming out of copper. money though, continues to go into oil. nevertheless, we are at $30 a barrel. it seems the supply side of the equation is lining up with production. that is why oil is going lower. let's have a quick look at some of the stocks to watch. fcc is up 17%. they are taking control of his company. he is looking to buy into this. that came in after the bell friday. of 1%.tail is up by 3/10 overall, home retail is only down side of the market. we can see one of the worst performing german stocks, basf. will it be wanting to get its hands on dupont? guy: let me take you to the

commerzbank has named the successor to the chief operating officer who will take up the role when hiserm ends april 30. they are known for overhauling its consumer banking unit. eds confirm the chief financial officer has resigned. it came after he expressed concerns that the move might jeopardize the group's financial situation according to people familiar with the matter. that's her bloomberg business flash. francine: china will give top priority to development, the words from the premiers report delivered at the start of the annual national people's congress in beijing. heidi is in beijing. what have we learned about the economic priorities of china? francine, we went into this weekend and the opening session hoping to get some clarity on exactly whether beijing will prioritize growth or sacrifice some of the short-term growth in order to put through some of these long-term painful structural reforms. growth one out in the end with the 6.5 cents-7% target. some are sighing that is just too high and does not give them enough space to put through some addressingforms overcapacity. in

. >> commerzbank has named the successor to the chief executive.ipcar an insider at the second largest tank is known for overhauling its consumer banking unit. flashthe ebs chief financial or is said to have resigned last week because he disagreed with the timing of the plan to build new nuclear reactors. resignation came after he expressed concern that the move might jeopardize their financial situation according to people familiar with the matter. of the few remaining chinese automakers have said they are in talks to cooperate with volkswagen. automobile chairman said they are actively pursuing joint venture tieups with carmakers after they seek to gain more advanced technology but declined to be more specific about the nature of talks with the w -- with vw. outflows inapital china since 2014 were not entirely down to investor flight. wereutflows they say driven more by lower companies paying down that dollar denominated debt. that is your bloomberg business flash. anna: two conservative heavyweights have used weekend media appearances to ratchet

deutsche bank, commerzbank, the spanish, german banks need it to come down because the rate is at 20 basis points. isn't that good news? mohamed: it is good news that there is some support for the banks, but ultimately the support for the banks have to come from the balance sheet side and their assets being worth more because the credit risk has come down. you only get that through other policies. go back to the g-20. it is about fiscal monitoring and structural. sayd: i am delighted to that you are staying with us. up next, we go to mark orton in london. -- to mark barton in london. on "bloomberg ." ♪ caroline: this is the bloomberg business flash. overall we have bp escaping from billionslity in damages from the oil spill. paid out $55y billion in damages on the spill. the worst may be over for oil. the international energy agency says the price of crude may have all about. the iaea says that disruptions -- oil prices have risen 50% from the 12-year lows they hit in january. bank of america is cutting back in asia. it has fired 15 senior bankers in its investment banking unit t