The Traderszone Network

Currently 1.5348 finding a bit of demand as 1.5300 and 0.7430 hold
Offers:
 1.5360 1.5385 1.5400-10 1.5425-30 1.5450 1.5480 1.5500-10
Bids:
1.5325-30 1

Kuwaiti oil minister on Reuters
– exit of high-cost production will help improve oil prices
– as of now there is no call from OPEC member nations to change OPEC production policy
2016 global economic growth ? I’m not sure where he’s getting that one from

Variable start despite stronger Chinese markets
– FTSE -0.1%
– DAX +0.3%
– CAC40 +0.1%
– FTMIB flat
– IBEX +0.2%
Shanghai Comp Index closes up +3.3%. CS1300 Index +3.2%

Two former Rabobank [RABO.UL] traders from Britain are set to become the first defendants to face trial in the United States on charges stemming from a global investigation into whether various banks sought to manipulate the interest rate known as Libor. Jury selection is scheduled for Tuesday in Manhattan federal court in the case of Anthony Allen, 44, and Anthony Conti, 46, who are accused of helping manipulate interest rates to benefit the Dutch lender’s trading positions. The case is the first by the U.S.

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“Some companies are struggling to find the money to buy the coverage they want,” said Tom Reagan, a cyber insurance executive with Marsh & McLennan Co’s Marsh broker unit. Retailers and health insurers have been especially hard hit by the squeeze after high-profile breaches at Home Depot Inc, Target Corp, Anthem Inc and Premera Blue Cross. Health insurers who suffered hacks are facing the most extreme increases, with some premiums tripling at renewal time, said Bob Wice, a leader of Beazley Plc’s cyber insurance practice.

Squawk Box Live is tracking global market reaction as Asian shares continue an October rally and Glencore prepares for an asset sale.

Nothing much going on as yet despite a better performance on Chinese exchanges
– DAX futures flat
– FTSE -0.2%
Bund futures up 11 at 156.03 
A quiet start to the week across the board