The Traderszone Network

Where were at right now:
– Shangai Comp down over 2%
– Shenzen too ………………………….
– Regional equities down with China today
– Meanwhile, EUR, GBP, Yen … all stronger.
Are these the new correlations? Certainly looking that way.

A group of China-based internet entrepreneurs and financial investors is backing an effort to create NextEV, a new rival to electric car maker Tesla.

Australian July Building approvals  +4.2% m/m
– expected 3.0%
– prior was -8.2%
For the y/y, +13.4%
– vs. expected 10.1%
– prior was 8.6%
Via Australian Bureau of Statistics:

Asian shares were skittish on Tuesday after logging their worst month in three years and the dollar struggled as investors braced for data from China.

Whatever the decision, about half of economists will be wrong. Forty-eight percent of 54 economists surveyed Aug. 27-31 by Bloomberg News see a September increase in the benchmark lending rate, the first move up since 2006. The polarized views came after turbulence in global financial markets in the past week cast doubt on when the Federal Reserve would raise rates.

Japan Nikkei Manufacturing PMI (August -final):   51.7
– The  was an improved 51.9
– The prior month was 51.2
Japanese manufacturing activity in August
expanded at the fastest pace in seven months

China’s Shanghai Composite opened down 1.56 percent at 3156.02 early Tuesday, alongside regional bourses on the back of a negative lead from Wall Street.