The Traderszone Network

Yes folks, it’s a new day and a new week
So what are the new ideas? Or are you happy with what you have regardless of the NFPs?
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Eric Rosengren still expects the Federal Reserve to raise interest rates this year despite what the head of the Boston Fed called a “weak” September jobs report, which could signal a more significant economic slowdown that delays the policy tightening. In a Reuters interview, Rosengren said the slowdown in hiring last month effectively heightens his sensitivity to the economy’s performance the rest of the year. If it grows at less than a 2-percent pace, or if unemployment rises from 5.1 percent now, he would probably prefer to wait until next year for the much-anticipated rate hike.

American Apparel said it would continue to operate its business throughout the process with its retail stores, wholesale and U.S. manufacturing operations continuing without interruption. Under the restructuring agreement, American Apparel’s secured lenders will provide about $90 million in debtor-in-possession financing, the company said. American Apparel, founded in 1989 by Dov Charney whose ‘Made in America’ mantra found huge favor among young shoppers, has been in disarray after it fired Charney in December for alleged misconduct.

Squawk Box Live is watching markets as the World Bank cut growth forecasts for East Asia.

It amounts to the biggest investment ever for the investment firm, which has a history of pushing well-known companies to dramatically reshape themselves.
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Fancy some UK govt cast-offs ? Well here’s your chance
News just breaking
– UK treasury announces that a retail sale of Lloyds shares will be launched next Spring
The UK govt took ownership after the Lehman-led crisis but is now trying to shore up its finances by unloading its stake, albeit at a loss to the UK taxpayer

Positive tones but euro shrugging it off for the moment
– DAX futures +2.1%
– CAC40 +2.1%
– FTSE +2%
Bund futures down 11 at 157.13
EURUSD 1.1229 EURGBP 0.7382 EURJPY 134.78 in a slow start to the session