The Traderszone Network

A much-anticipated fund aimed at individual investors could boost active managers’ reputation.
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General Motors Co (GM.N) sales in China fell 4 percent year-on-year in July but the U.S. automaker said it remained on track to achieve an upbeat goal for profit margins this year in its second-largest market. GM and its joint ventures sold 229,175 cars in China in July, attributing the decline to model changeovers, according to a statement on its website on Thursday. The July drop compares with a 0.2 percent increase in June and a 4 percent decline in May. GM sales grew 3.3 percent in the January-to-July period compared with the same months last year.

Britain’s competition watchdog alleged on Thursday that U.S. drugmaker Pfizer (PFE.N) and Flynn Pharma had breached competition law by ramping up the cost of an epilepsy drug used by more than 50,000 British patients. The Competition and Markets Authority (CMA) said its provisional view was that Pfizer and Flynn Pharma each abused a dominant position by charging “excessive and unfair” prices for phenytoin sodium capsules. Pfizer said it was cooperating fully with the CMA and noted a final decision on infringement had not yet been made.

Mftg and industrial production data now out
– -0.6% prev
– yy +0.5% vs +0.4% exp vs +1.0% prev
– Industrial production mm -0.4% vs +0.1% exp vs +0.3% prevfrom +0.4%
Stronger mftg, softer industrial leaves GBPUSD a tad lower at 1.5600

Here’s the latest on some other key pairs
USDCHF currently 0.9830 still perky as EURUSD falls and EURCHF keeps a bidSellersBuyers 
  0.9860 0.9885 0.9900 0.9930 0.9950
EURCHF
currently 1.0707 and marching higher despite euro losses elsewhere. SNB involved methinksSellers   Buyers

U.K.

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Currently 136.03 near session lows an helping to cap USDJPY again
Bids