The Traderszone Network

Reuters reporting
Sources telling them that Chinese state banks have intervened to support CNY in offshore markets
No further details

You can now sing “Happy Birthday” without risking a lawsuit after a U.S. judge threw out a copyright claim to one of the most recognized global songs.

First of the Eurozone PMIs now out
– 48.3 prev
– services PMI 51.2 vs 51.0 exp vs 50.6 prev
– composite 51.4 vs 50.4 exp vs 50.2 prev
Better than expected data gives  the euro a lift

Out a few moments ago
– yy +1.1% vs +1.0% exp/flash
Slightly better yy final reading but euro not fazed
All very steady so far
EURUSD 1.1123 EURGBP 0.7251 EURJPY up at 133.57 though as USDJPY climbs back above 120.00

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Following on from the weaker Asian markets
– DAX futures -0.5%
– CAC40 -0.4%
– FTSE – -0.4%
Bund futures up 14 at 156.2

Currently 3131.38 just off session lows
The weaker mftg PMI that Eamonn posted has given ChineseAsian equity markets another shove lower
earlier
We should expect this sentiment to continue into the European markets especially as the VW scandal hogs the headlines still undermining the DAX