The Traderszone Network

There is so much gloom around European banks that they now look good to Citi’s stock strategists.
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The iPhone 7 and 7 Plus will make their Indian debut on Friday, costing more than half of what the average Indian makes in a year.

I gathered together a few comments to add what Adam and I covered earlier when sterling dropped early in Tokyo
And, more now..
CNBC gathers these together:
– Because there was no news so far to justify the pound’s wild swing, it could be the result of a fat finger, said Elias Haddad, senior currency strategist at Commonwealth Bank of Australia

Mixed tones as we wait on official openings 7 Oct
– DAX futures -0.3%
– CAC40 +0.2%
– FTSE +0.6%
FTSE getting support from GBP’s funny turn last night but let’s see where it goes this morning with  some degree of normality prevailing.

The pound remains vulnerable after hitting a 31-year low in Asia.

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Negative but closing off its lows as USDJPY rallies 7 Oct
– open 16883.12
– high 16895.13
– low 16820.,21
– USDJPY 103.93 on the rise from 103.54. Offers back in around 104.00

Germany August industrial production report 7 Oct
– -1.5% prev
– yy +1.9% vs +0.4$ exp vs -1.3% revised down from -1.2%