Squawk Box Live

Reaction: German exports dive; Deutsche Bank warns on profit


Squawk Box Live in Europe tracked reaction to a sharp dive in German exports and Deutsche Bank's announcement that it's preparing for a 6 billion euro ($6.7 billion) pre-tax loss for the third quarter.

Germany just saw the largest slump in exports since the financial crisis, with seasonally-adjusted exports down 5.2 percent to 97.7 billion euros month-on-month.

Meanwhile, Deutsche Bank now expects $8 billion in total charges as it puts aside litigation provisions, implements huge writedowns and impairment charges for its stake in China's Hua Xia Bank.

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