The Traderszone Network

Not key data for the Swiss but more softer mftg data from Europe
– 52.2 prev
USDCHF 0.9777 EURCHF 1.0902 both a tad higher

Members of Volkswagen’s (VOWG_p.DE) supervisory board are concerned about the carmaker’s credit rating and are considering steps to prop it up but have no plans to sell off assets, two sources close to the board said. Volkswagen declined to comment on the sources, who spoke to Reuters late on Wednesday evening.

WASHINGTON/FRANKFURT (Reuters) – Central bankers who led the charge to pull the global economy from a cliff during the financial crisis now risk becoming bit players, ill-equipped to snap the world out of sluggish growth and its addiction to cheap credit. Despite near-zero rates and $7 trillion of monetary stimulus unleashed by central banks in major industrial economies, investment and growth is stuck below pre-crisis levels and tepid demand is hurting developing economies by depressing prices of their commodity exports.

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Currently 1.5128 having survived a test of 1.5100 earlier. More demand into 1.5080. Offers at 1.5150 and larger between 1.5185-1.5200 after yesterday’s failure to hold gains above

Not a price changer but a notable drop
– prev revised up from -0.1%
USDCHF 0.9772 EURCHF 1.0900 finding support in the dips again

First of the more important Eurozone PMIs now out
– 53.2 prev
21-month low
More from Markit
here
Euro unfazed at this point with the weaker reading.
Italy up next at 07.45 GMT

Another firmer start to markets keeps euro on the back foot
– FTSE +1.2%
– DAX +0.9%
– CAC40 +1.4%
– FTMIB +1.0%
– IBEX +1.2%
Glencore up 7.6% as Citi keeps “buy” rating on the stock which has now erased the week’s losses