China sees a sharp spike in new coronavirus cases and fatalities prompting Beijing to revise its method for counting infections. The Chinese government also dismisses senior Hubei province officials for their handling of the outbreak. Earnings take centre stage in Europe. Credit Suisse CEO Tidjane Thiam oversees his final set of earnings at the helm of the Swiss bank, after it lowered its profitability target for the fourth quarter, but some analysts expect a positive surprise in the bond business. Restructuring costs drag rival Commerzbank into a net loss for Q4, causing the German lender to cut its dividend for the year. Finally, we speak to the boss of health and nutrition company DSM about the coronavirus outbreak. He tells CNBC that most operations in China are still running.

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