that's an update from kingfisher. also been looking for producer price numbers coming out of germany. the german produced price num bers coming in line with estimates. let's see where the european equity market will open up this morning. we're a little bit weaker at the start of trade, and that ties in with what we were seeing in the u.s.. futures were suggesting a slight weakness, but nothing substantial. down on the euro stoxx 50. the msci asia-pacific showed a move to the upside. you can see that we were up by .1% toward the close in the asian session. a mixed picture coming out of japan, reflecting speculation around the boj. nikkei down by .2%, topics up by .4%. perhaps we could see the boj moving toward nikkei down by to, which could benefit their market. the dollar index as we head toward the boj and fed, 95.89. nymex at 43, the oil price is weaker, a reminder that we have this glut, and we have positive comments about negotiations with militants coming through the minister in nigeria. that's something the mark

keep an eye on kingfisher, which could be on the downside.etails next. ♪ caroline: 7:53 in london. a rather gloomy berlin. . stocks you need to watch. two germany's to keep an eye on -- deutsche bank securitizing their loans, trying to continue to service, but get the risk out of the bank it into the investor base. $5.5 billion was what they did last year. look for deutsche bank, currently unchanged. one stock that is called hire is bayer. bayer chemicals and pharmaceuticals, buying into seeds in a big way with monsanto, but notably today raising its peak sales forecast for drugs it recently started selling, signaling some optimism about the pharmaceuticals business. it splashing $66 billion to get into monsanto as well. guy: we will watch that stock carefully. in westthkline out london, andrew witty stepping down on the 31st of march. emma wormsley will be taking over, replacing andrew witty. let's talk diy. good,sher stocks look done well, beating profit estimates. both the uk and france doing reasonably well. i'm not sure you can read anyt

that is a rival for kingfisher.of focus -- a lot of focus on the story which has been resilient on the way to the brexit vote. mark carney will be gathering together the members of the financial policy committee. we will not hear the results of their deliberations. we will not hear the results until thursday. they have an interesting conundrum. they have charged the bank of england about worrying about household debt and that is something that has been driven higher by low interest rates. the other part of the bank of england recently cut rates. we will see about that. yousef: plenty to look forward to. thank you. saudi telecom may be looking to upload its indirect state in malaysia's second-biggest wireless carrier. the company is exploring options for its 25% interest. matthew martin joins us now for additional details. matthew, why is saudi telecom looking to sell its stake? matthew: many of the telecoms in the region, when they were looking at saturated markets, they went on this huge acquisitions spree spending

stack stands for sooner trend basin canadian and kingfisher s aside, those areas some of the best and lowest cost oil and gas regions now. the area is hot. one, it is a relatively new place. land prices never spiralled out of control. three, oil people got what they call good rock. a lot of oil and gas that's relatively easy and inexpensive to get to. big companies operating here, devon energy, new field exploration, marathon, and simerex. they can make money with 40 to $50 oil. >> we are blessed as a company to be involved in some of the best places for the unconventional play on shore north america. stack is one of those places. we are doing the same in the permian basin. not all you can make money at $40 a barrel. there are a lot of challenges for the industry. >> reporter: the economics look good. may be one risk that has little to do with money, earthquakes. oklahoma was recently hit by the biggest ever quake and the state has gone from an average of a few a year to more than 900 earthquakes. scientists point the finger to fracking. changes to the industry will come. as a geologi

kingfisher beat first half expectations delivering a 13.5% jump in under lying pre-tax profit. it said it has not seen any impact from the brexit vote but retains its more cautious outlook. shares up by 1.9%. >> glaxosmithkline has named emma walmsley as its new chief executive. she will be replacing the ceo who announced he'll be retiring at the end of 2018. jsk will be keeping the consumer part of the business. >>> swiss watch exports fell 8.8% in august on an annual basis. the industry has been under serious pressure amid slowing demand. swiss watch exports to hong kong dropping more than 30% in july. ouch. difficult trading conditions will continue. >>> bayer has raised its sales targets. it said it's two best selling products had a higher annual peak sales potential than previously forecast. bayer added it expects the $66 billion acquisition to boost sales growth and margins in its crop science business. >>> now the russian fertilizer group has warned last month that output will need to be cut soon in order to phosphate prices to find a floor. moving from central banks to