The Traderszone Network

A steep decline in the rouble has hammered Russian carmakers by driving up the cost of the foreign parts they rely on, forcing them to raise prices at home and making them uncompetitive abroad. After a decade of annual sales growth in excess of 10 percent, the Russian car industry is now a victim of an economic crisis fueled by lower oil prices and Western sanctions over Moscow’s role in the Ukraine crisis.

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Squawk Box Live in Europe will keep you up to date with developments on Asian stock markets.

Yes, good people of ForexLive land it’s your turn to share your trading ideas and thoughts here
Any obvious plays out there right now? Any less so? Range trading in a vacuum of summer markets?

Today brings us the latest UK CPI/RPI/PPI data at 08.30 GMT and it’s unlikely to give Carney & Co much to cheer about
I have long argued on these pages, and elsewhere, that the Old Lady’s bullish inflation forecasts for year-end were badly misplaced and the latest BOE infllation report would now seem to suggest their own position has become more realistic

Stocks weakened and earlier in the day, China’s central bank injected the largest amount of cash into the financial system on a single-day basis in almost 19 months.
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Shrugging off Asian market negatives so far
– DAX futures +0.3%
– CAC40  +0.3%
– FTSE +0.2%
Bund futures up 1 at 154.99

Off its lows but a softer end to the session led lower by Chinese equity markets
– -65.79
– open 20640.59
– high 20663.18
– low 20545.25
– USDJPY 124.45 proving resilient with EURJPY also lower