The Traderszone Network

Goldman Sachs will hire “several hundred” employees for its Warsaw-based technology and operations units over the next three years, the U.S. bank said on Thursday. The decision follows moves by Swiss banking giants UBS (UBSN.S) and Credit Suisse (CSGN.VX) to expand their operation centers in Poland, seeking to benefit from the country’s relatively inexpensive and skilled labor force. “In a strategic decision, the firm will now expand its footprint in Warsaw,” said Goldman Sachs spokesman for central and eastern Europe, Adib Sisani.

Currently 1.5482 after failing to hold over 1.5500 so far. Bears happy with the fall from 1.5800. Bulls will be glad for the cheaper opportunity to buy.
Offers 

Major U.S. stock exchanges and Barclays won the dismissal of litigation in which pension funds and other investors accused them of rigging markets.

Japan’s sees lowest return in a year on domestic bond losses
Government Pension Investment Fund
– assets climb to a record JPY 141.12trln end-June vs 137.47 trln in March
The GPIF is the world’s largest public pension fund

Shanghai Comp Index up 5.3%, CS1300 +5.9%, first gains in 6 days
– talk of state buying
European markets:
– FTSE +1.9%
– DAX +2.7%
– CAC40 +2.3%
– FTMIB +2.2%

No surprises here
– +1.0% prev
– yy +3.1% as exp/prev

French confidence data now out
– 99 prev
– mftg confidence 103 vs 102 exp/prev
– production outlook indicator 3 vs 1 prev
– own-company production outlook 7 vs 5 prev
Reasons to be cheerful say the French. Business confidence at highest level in 4 years