The Traderszone Network

DuPont delivered quarterly earnings that met analysts’ expectations on Tuesday.

A majority on Wall Street see a rate hike coming in September, but it’s a dwindling majority, according to a CNBC Fed survey

China’s sharp stock market decline could ultimately affect China’s potential growth and, accordingly, global economic activity, writes Satyajit Das.
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The German government’s panel of independent economic advisers favors the creation of a sovereign insolvency mechanism for euro zone states to prevent future crises and says countries should be able to leave the currency bloc as a last resort. In a special report published on Tuesday, the council of five experts known as the “wisemen”, said the Greek debt crisis had underscored the urgent need for further reforms to make the euro zone more stable.

Reuters reporting the new member replacing David Miles
No idea how to pronounce his surname (Vlee-ga, Vli-ga?).
We’ll call him Gertie from now on 😉

Q2 2015 UK GDP preliminary data report 28 July 2015
– 2.6% vs 2.6% exp y/y. Prior 2.9%
– May Index of services 00.3% vs 0.3% exp m/m. Prior  0.2%
– 0.4% vs 0.5% exp 3m/3m. Prior 0.5%
Bang on the money which has brought a ‘relief that it wasn’t bad’ reaction in GBPUSD. We’re up to 1.5560 from 1.5523

Markets in Europe rally, bouncing back somewhat from the prior day’s China-led global selloff, though traders remain unsettled.
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