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Credit Suisse hikes capital; traders eye Ferrari IPO

Squawk Box Live had full reaction to earnings news from Credit Suisse. The Swiss bank said it was raising a total of 6.05 billion Swiss francs ($6.2 billion) in fresh capital.

It also previewed the initial public offering of Ferrari today and looked ahead to the European Central Bank's rate decision on Thursday. Here's how the morning unfolded.

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