The Traderszone Network

Nikkei struggling today as Chinese markets wobble again
– -331.84
– USDJPY 124.28 quite resilient but still near session lows
– open 20467.49
– high 20521.97

Data out a short while ago. Posting for info
– Tokyo dept store sales yy +7.2% vs +5.9%
Seemingly buoyant retail here
USDJPY 124.32 . Nikkei posting session lows in to the close at 20232.62

SHANGHAI/BEIJING (Reuters) – Chinese stock markets tumbled for a second straight day on Wednesday as investors crowded the exits, fearing a government campaign to prop up share prices was faltering and unnerved by a steady stream of gloomy economic news. On Wednesday, the Commerce Ministry added to those concerns, saying exports could continue falling in coming months, after an 8.3 percent plunge in July, their biggest drop in four months. Domestic and global investors are growing anxious that China’s economy will suffer a hard landing.

Asian lenders are seeing their loan books rapidly deteriorate across the region as China’s slowing economy dampens trade and hurts companies that had borrowed heavily from the banks. Among 23 major non-Chinese lenders, all but 6 reported an increase in soured loans in the first half of 2015, the strongest indication yet of how China’s slowdown is infecting banks’ balance sheets, data compiled by SNL Financial for Reuters show.

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China stocks keep sliding as concerns about the economy spread to other Asia markets.
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Investors are having so much trouble trading small U.S. stocks that a county government in Delaware is wading in to help.

Greetings one and all
How’s your week going so far? We’re definitely seeing some good two-way business for the shorter term traders  to pick up a few pips