The Traderszone Network

Alibaba Group Holding Ltd has signed exclusive partnerships with more than 20 apparel brands including Zara and Timberland, the Chinese e-commerce giant said on Thursday, the latest step to woo big international brands as it competes with rivals such as JD.com Inc. Alibaba said its fast-growing online marketplace Tmall.com will become the only third-party online sales platform for the apparel brands in China. In China, a market notorious for the proliferation of fake and knock-off products, bagging international names can boost credibility and signal implicit trust.

If you’re hunting for a job, it may be time to switch industries.
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Whatever else can be said about Donald Trump, he knows his way around a courtroom. Over the years, he has been a plaintiff or defendant in lawsuits filed in New York state court 65 times, records…

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Major averages took it on the chin Thursday as media stocks and several leading growth stocks sold off. The Nasdaq pierced its 50-day moving average, falling 1.6%, while the S&P 500 closed just above its 200-day moving average, ending with a loss of 0.8%. The Dow Jones industrial average gave up 0.7%. Preliminary data showed volume on the NYSE and Nasdaq coming in higher than Wednesday’s levels.

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Coming up from Australia today …
2330GMT – Australian Industry Group Performance of Construction index, AKA the AiG Construction PMI, for July
– prior was 46.4
Earlier in the week we had the and then the PMIs, both of which improved on the month. Today’s PMI is likely to be an improved reading also.

Today’s financial recap and tomorrow’s financial outlook.

Prime Minister Alexis Tsipras said Greece was close to concluding a deal with lenders on a multi-billion-euro bailout.