The Traderszone Network

Mirza Baig, head of foreign exchange and interest rates strategy for Asia at BNP Paribas, explains why the Bank Negara Malaysia may have to opt for an interest-rate hike to stem the ringgit’s slide.

Okay… time to take a deep breath.

Today was an historic market day.  First for the computer driven plunge that was seemingly unstoppable, and then for the heroic rescue that at one point brought the whole mess back to green (Nasdaq) or close to it (S&P and Dow).

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Head of the ruling LDP’s decision making council and a close aide to PM Abe at a news conf. Kyodo/Reuters reporting
– govt must compile a supplementary budget for fiscal spending to support the economy in the wake of global stock market declines
Nikai’s remark adds to growing calls within the party for a fresh fiscal stimulus to prop up growth after Japan’s economy shrank in Q2 on weak household spending

Adi Godrej, chairman of Godrej Group, says the benefits of a cheaper import bill for palm oil due to recent sharp falls in the ringgit and rupiah offset the hit on its consumer product business in Indonesia.

Another thin board so far
– USDJPY  119.25 (400m)
– EURUSD none
– GBPUSD none
– USDCAD 1.3320 (USD 200m)
– AUDUSD none
I will check back later for any updates

Chinese investors tell CNBC how they see Beijing’s attempts to prop up equities and the economic outlook.

Donald Trump is a hard-line capitalist as well as a billionaire Republican elitist who believes profits, net worth, earnings, jobs and GDP are vastly more important to achieving his self-serving goal of “Making America Great Again” than protecting either the environment or the American middle class that’s been stagnating for a generation.
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