lines from commerzbank, top line is net income for commerce bank missing estimates.ust shy of two hundred million euros versus estimates. sizable tick up and net interest income was above the estimates and commerzbank planning a buyback 600 million euros the bank has confirmed in 2024. commerzbank is one of the biggest beneficiaries and most vulnerable as rates fall. speaking with the ceo at 7:00 a.m. london time. more lines crossing from the dutch lender, operating income beating estimates, there was an expectation income would softened. operating income above estimates at 2.17 euros above and in terms of profit that was a decent beat, estimates had been for 580 euros. let's bring in avril in singapore and a reminder of centrality japan is playing. avril: how the boj ripples through, japanese equities lead the rebound. infotech outperforming and against the backdrop of the deputy governor, not hiking rates. the concern rivaled markets often they refused to commit so this is what we are seeing, japanese equities flip. important to note they are far from their july pe

you can see the stock is down 0.3% commerzbank is down as well. net profit dipping slightly on the year to 538 million euros, but it did confirm its full year outlook. let's get straight out to our annette wie eisbock. >> programs there was a lot of fantasy already in the stocks priced in. we had been up by 22% year to date. that compares to example the bank shares up by roughly 3.5%. a lot of optimism and also higher her firefighter her longer mantra for rates has been very positive, a tailwind for commerzbank share. that kind of thf thinking has changed as we know. clearly the shares have always been of the banks. profitability has always been dependent on higher rates because interest income is so important for the bank. they've cut m & a or baunking is severely down. their focus is on retail, and retail is not very profitable in germany. it's always a question to find balance between attracting customers, but also on the profitable basis. on top of that comes the recessionary environment we're currently in in germany, and that, of course, is a

bank, you are russian, sorry, we no longer serve you, commerzbank does this regularly, even if you aressian, but you have a russian business partner or a russian wife, yes goodbye, you are being closed, your bank accounts, the olympics, everything is clear, let's continue further, confiscation of cars, when people were simply dropped off in germany near hamburg on the autobahn, a person goes to switzerland, takes dogs to an exhibition, the car was confiscated, is this not oreanization, this is oreanization, a defeat in business life, how our great conductor was kicked out, how... what is described by the old, famous, scary word, this is called nations , definitely not from dostoevsky, but i can repeat myself, maybe a little further to advance what, about what i said, i still proceed from the fact that the birthplace of fascism, europe is good, this is bad, europe in general is the birthplace of everything, yes, this eurocentrism in this case can start this, put a tick, but another matter is whether there were objective reasons. for the emergence of such a terrible phenomenon as nazism,