The Traderszone Network

Further comments by Swiss National Bank vice-president in his Corriere del Ticino interview
– ECB measures to spur Eurozone recovery will inevitably contribute to a fall in the euro
Euro not fazed by the comments but we can be sure that the SNB “smoothing” process will continue.

Takata Corp (7312.T) is preparing the ground for the exit of its chief executive, two people close to the Japanese air bag maker said, as pressure builds on a company reeling from the auto industry’s biggest recall. Takata has been under fire for almost two years over defective air bags that can explode with excessive force and shoot shrapnel inside the car – a problem that has ballooned into a damaging safety scandal affecting nearly 50 million vehicles. The company said on Tuesday that an 11th death could be linked to a faulty air bag.

China’s volatile shares were lower again on Thursday, taking losses this month to about 23 percent or 12 trillion yuan ($1.8 trillion), while state media insisted that the market ructions did not reflect the real economy. Trading was very light, as many investors have given up on Chinese stocks, burnt by last summer’s 40 percent crash and a hair-raising January that has taken indexes back to late 2014 levels.

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Squawk Box Live in Europe is tracking global market moves and reaction to Deutsche Bank’s earnings report.

Econ min to speak on his bribery accusations
The event has been widely anticipated/reported so let’s see what he has to say for himself.