The Traderszone Network

Chinese authorities’ increased scrutiny of the securities industry is part of a crackdown that has ranged from targeting “malicious” short sellers to arresting star fund managers in the wake of the summer stock rout.
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Squawk Box Live is tracking reaction to news that France and Russia will cooperate to fight ISIS. Meanwhile, China shares fall more than 4 percent.

Concerns about an unrelenting global surplus was further reinforced by expectations that the Saudi Arabia-led Organization of the Petroleum Exporting Countries will press on with its strategy of pumping out oil at a high pace and let market forces determine the prices.
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A 2,700-acre California ranch once belonging to the King of Pop has failed to attract local buyers, so its owners are now looking east.

The unions setting out guidelines for next round of wage talks. Bloomberg with the headlines
– want wage hikes to help overcome deflation
– will seek wage hike to improve economy
Call me ol’ fashioned but if deflation still persists then wage hikes are less needed by the workers. Perhaps there’s something lost in translation*

Softer tones prevailing from the off today
– -60.47
– open 19994.05
– high 19994.05
– low 19831.25
– USDJPY 122.52 on session lows in a similar dribble down from 122.70
Shanghai Comp Index currently down 3.23% at 3517.23

With the exception of the Turkish lira, flight to the safety of the dollar has largely subsided following the Turkish military’s downing of a Russian fighter.
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