. >> swedbank is saying it's time for new leadership as they announce the ceo will be leaving the bank with immediate effect, sending shares lower. >> and tailwinds for vestas after beating expectations as they raise their sales forecasts. >>> hi, everybody. good morning and welcome to "street signs." what a 24 hours. >> what a difference a day makes, really. investors really just trying to get a grasp of whether or not they want to get in for a relief bounce or whether the downturn is still going to go further after we did see those sharp losses, particularly in japan. >> absolutely. almost feels like we're now back to being led by what's taking place out of europe to some extent. at least that's what it felt like in yesterday's session when looking at some of those european banking stocks out there, many of them being delicately bought back up this morning. we're pretty flat on our european markets here. >> that's right. just about a half hour into the open, we got a bit of a reversal to the downside. once again, we're in positive territory. just very modest gains. keep this in persp

. >>> now, shares in swedbank have been inching higher. speaking to "squawk box" earlier, the ceo explained what it meant for the bank to be in a strong capital position. >> we can focus entirely on increasing customer satisfaction. one of the big trends is digitalization. 80% or 85% of both corporate and private customers are digital. we want to be a strong player there and provide them with new services. it's also all about being cost efficient. therefore, i'm very proud that we are meeting our costs for both '15 and continue to reiterate lower costs for '16. >>> well, we finally have some reports out of the iowa caucus. ted cruz has won for the republican party, claiming 28% of the vote. donald trump, while he came in second, and marco rubio in third place. trump had led the latest polls going into the vote, but the race brought out a record number of primary voters, and they showed up for cruz. >> tonight is a victory for the grassroots. tonight is a victory for courageous conservatives across iowa and all across this great nation. >>

keep an eye on swedbank.dive slower and we seeing one of the worst performers on the stock 600 this morning. as we see the chief executive to part. wolff leaving and being replaced by the woman who is currently the head of the banking unit but is only an interim ceo. arguing for change of leadership. some instability amid a very volatile time for banks. pandora., the maker of those charm bracelets that we see so much. the worst performer as you can see. dropping on the back of its results as well. the danish maker of this charm saying revenue growth will still be there but not nearly as fast as 2015. therefore having to trim their overall expansion time. commodities.lk unlikely to have some room to go even higher. but ask a simple question. is -- let's ask a simple question. is oil cheap? >> the key point here, we saw this this week in terms of oklahoma where nymex price is, the inventories and surpluses are pushing up against infrastructure constraints. they're constraining the ability of supply and demand t