The Traderszone Network

“We are leaving no stone unturned and looking at all areas,” company spokesman Dave Tovar said in an interview. Tovar said Sprint on Tuesday will provide more details about the job cuts and the company’s plans to bolster the quality, speed and capacity of its wireless network, when it reports fiscal second-quarter results. Sprint has been burning through cash because of monthly leasing plans requiring wireless carriers to pay vendors for devices up front.

Oil prices fell in early trading in Asia on Monday as analysts expected weaker demand from China in upcoming months. “Weak economic data out of China will likely keep any gains in commodity prices limited,” ANZ said. Barclays said that China’s oil demand growth for September, adjusted for inventories, slowed to 226,500 barrels per day (bpd), or 2.1 percent, compared with the same month last year, much lower than the 6.3-percent gain registered for the first three quarters of the year.

Markit/ Nikkei Manufacturing PMI for October
– Flash 52.5, prior 51.0

            “Key points” from Markit:

Social Security is headed on a path to insolvency. Here’s what we can do about it.

A big strengthening move in the yuan from the setting on Friday at 6.3495
– Friday’s close was 6.3175
–
This is the biggest strengthening in the yuan at a fix since 2005, following the big move on Friday in the yuan

Key economy summary from the NZ Treasury monthly report
In brief:
– Expectations of steady business activity and higher dairy prices point to the near-term growth outlook stabilising, but still weaker than in the Budget Update.
This is not new news from NZ, and hence it has a negligible impact on the currency. But a useful summary nonetheless. the full report can be

Grieving Russians piled flowers at St Petersburg’s Pulkovo Airport on Sunday, mourning more than 200 compatriots who died as they flew home.