The Traderszone Network

Kuwait’s OPEC gov on Reuters
– looking for effective co-ordination with non-OPEC countries
– OPEC can not cut oil production alone when others are increasing
Oil prices still on the back foot albeit off their earlier session lows

The cash-and-stock deal’s price represents a premium to FirstMerit’s nearly $2.7 billion market capitalization before the report of the talks with fellow Ohio lender Huntington.
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South Korea’s LG Electronics is looking towards developing new areas of business – such as automobiles – as full-year revenues fell.

It’s that time of day again good people of ForexLive land
So what’s on your book/radar right now as the week progresses and markets tumble again ?
Trying to bottom pick or going with the flow?

On the face of it read more

So says , er,  China as their head of stats makes a statement
– economy remains resilient
– economic fundamentals have not changed
– GDP data is reliable
Yeah right, and that’s why yuan is heading for the exit doors and equity markets are tumbling.

Not a good day at the office for Chinese/Asian equities
– CS1300 Index -6.0% at 2940.51
– Eurostoxx 50 futures down -1.6% in early European trading
– DAX futures -1.5%
Bund futures up 31 at 161,73