The Traderszone Network

Fidelity Investments said on Monday it is dropping long-time credit card partners American Express Co and Bank of America Corp , ending a 12-year partnership that has generated billions of dollars in fees. …

U.S. “stripper well” operators, the nation’s smallest oil producers seen as most likely to succumb to the crude price slump, are hanging in tough, reducing the chances of near-term production cuts needed to rebalance the domestic oil market. The conventional wisdom is that “strippers” would be the first to fold in the face of oil’s slide below $40 given their tiny size – some may pump as little as few hundred dollars’ worth of oil a day – limited access to capital and high costs compared with bigger, more efficient shale producers.

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Greetings one and all and welcome to 2016
Sadly, but expectedly, it’s not been a happy beginning and the season of peace, love and goodwill is already history

Here’s what the DTCC have listed for today and tomorrow
– USDJPY 120.00 (USD 205m) 121.00 (192m) 121.20-25 (480m)
– EURUSD
– GBPUSD 1.5000 (GBP 468m)
– USDCHF 0.9905 (USD 300m)
Tues 5 Jan

Following the initial halt in CSI-300 Futures at the 5% limit down level, the afternoon session opened to more carnage and amid the worst ‘first day of the year’ in at least 15 years, Chinese stocks collapsed further to a 7% crash. At 1334 local time, stock trading was halted for the rest of the day across all exchanges (at least two hours early).

As Bloomberg reports,

Chinese stock trading was halted for the rest of the day after the CSI 300 Index plunged more than 7 percent.

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A soggy session with another dip into the close
– -582.73
– open 18818.58
– high 18951.12
– low 18394.43
– USDJPY 119.38
Keep an eye now on Nikkei futures for further yen direction

Squawk Box Live in Europe is eyeing reaction to deteriorating ties between Iran and Saudi Arabia, and a halt in trade for Chinese markets.