The Traderszone Network

Front-month (Dec) copper futures are trading near $200 ($200.15) for the first time since March 2009 as the collapse in the global economic indicator extends to an unprecedented 14th day in a row. The ongoing collapse appears to have finally impacted Chinese equities which have given up the morning’s gains and are drifting rapidly lower. Overall, as Goldman warns, the metals market appears to be increasingly pricing concurrent and/or future weakness in China’s old economy.

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Softer tones following on from Chinese markets
– DAX futures -0.05%
– CAC40 –0.1%
– FTSE -0.5%
Bund futures down 18 at 157.84
As ever keep an eye on European equities for euro impact. Current correlation is softer equities/firmer euro and vice versa given its funding ccy status

So says Peoples Bank of China dep gov Yi Gang
According to a report from MNI who quote him from comments made over the week-end
– price tools inc exchange and interest rates will gradually play bigger roles while China adjusts its mon pol framework
Chinese reforms continue

The New York Stock Exchange is eliminating an order type that investors including BlackRock Inc. blame for exacerbating extreme share-price swings on Aug. 24.

Choose your best trade.
It’s a simple idea – and one that is
often overlooked.
When I tell traders they should only
be trading their best ideas, I am normally on the wrong end of a very confused (and
sometimes exasperated!) set of facial expressions.

The shut-down in Brussels continues with the metro, schools and universities all remaining closed
Further to my post the Belgian authorities say that police have made 16 arrests in 22 anti-terror raids, but suspected
Paris attacks gunman Salah Abdeslam remains at large,

Analysts say market participants remain nervous that oil majors, particularly those in the Organization of the Petroleum Exporting Countries, will continue to ramp up output amid low prices for the sake of defending market share.
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