The Traderszone Network

Tom Rogers, senior economic advisor for the Eurozone at EY, discusses how a weaker euro will give many European companies a boost.

At more than 15 percent of his fund’s assets, John Burnham, manager of the $136 million Burnham Fund, has a larger stake in Apple Inc than any other diversified fund. Yet that devotion for Apple is a problem for Burnham and some other managers of so-called diversified funds like his – they want more Apple than they can buy under self-imposed risk-reducing guidelines that typically have them holding no more than 5 percent of their assets in any one company.

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Car makers, including Volkswagen AG (VOWG_p.DE), Nissan Motor Co and Daimler AG’s (DAIGn.DE) Mercedes Benz, said they are probing allegations aired late on Sunday by Chinese state TV that the firms oversold repairs and spare parts to drivers. China is the world’s top auto market, and media criticism can dent reputations and drag on sales. Mercedes and Jaguar Land Rover are already being probed by China for possible anti-competitive behavior.

Saktiandi Supaat, head of global FX strategy at Maybank, says the euro could test resistance levels of $1.02 against the greenback next week. He also outlines his expectations for the Fed’s meeting this week.

Oil kicks off another week on a down note, as investors await a host of events, including an FOMC meeting.
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After enjoying success in the nascent ride-sharing business, Uber is reportedly making a move into electric cars, teaming up with Chinese auto maker BYD in a move to potentially challenge Telsa and other green-vehicle makers.
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Beantown is hoping this is one record that lasts at least another 20 years.
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