The Traderszone Network

Speaking to analysts in late August, the chief financial officer of Ferragamo said he was confident the Florentine firm could meet a market forecast for the full year of earnings before interest, tax, depreciation and amortization (EBITDA) of around 320 million euros. “We’ve been giving a very constant and consistent indication regarding this year,” Ferragamo CEO Michele Norsa told reporters.

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Buying shares of Volkswagen AG (VOWG_p.DE) before the potential toll of the German carmaker’s diesel emissions scandal becomes clear is a dangerous move for investors, according to a report on Sunday in Barron’s financial newspaper. According to Barron’s, Volkswagen’s shares trade for 5.1 times estimated 2016 earnings, and 0.6 times book value, though analysts’ earnings forecasts are failing to account for potential charges. The world’s biggest carmaker by sales has admitted to U.S.

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Forex news for Asia-Pacific trading on Nov 28, 2015:
– Gold up $1 to $1147
– WTI crude down 43-cents to $45.27
– US 10-year yields down 2 bps to 2.14%
– Shanghai Composite down 0.1%
More to come

Where Goldman Sachs sees EUR/USD and USD/JPY heading
The latest note from FX analysts at Goldman Sachs:
1- “Since September’s dovish ECB meeting, the EUR has been
volatile but is largely unchanged in level terms. Expectations of ECB easing
have increased, including our own – we expect that in coming months the
ECB will extend its asset purchase program at the current run-rate at least to
end-2016, before tapering through 2017, representing a substantial
increase to the balance sheet relative to the current September 2016 baseline,” Goldman Sachs projects.

Asian equity markets were mixed on Monday as investors awaited key data from the world’s two largest economies this week.

The market hasn’t made any big moves so far but a few are beginning to brew
1. Yen strength
This is all about negative sentiment in stocks. USD/JPY is down 27 pips. The Nikkei finished the morning session down 1.14%, Shanghai stocks are down 0.54% and S&P 500 futures are down 0.4%. Earlier I wrote about .

Economic Information Daily says more stimulus coming
The Chinese government will unveil at least 10 new policy measures to stabilize growth in the final three months of the year, according to a front-page story in the state-sanctioned Economic Information Daily.