The Traderszone Network

Softer tones prevailing as we wait on official openings 4 Nov
– DAX futures -0.1%
– CAC40 flat
– FTSE –0.4%
In China the SCI closes down -0.1% but +0.7% on the week.  CS1300 Index -0.3% but +0.4% on the week.

German central banker Dombret speaking to Bloomberg TV 4 Nov
– solvency of German banks is not in doubt but profitability is low
– sees market volatility mitigated after US election
Meanwhile EURUSD remains underpinned and EURGBP nudging higher again to 0.8911

Here’s the notable expiries that the DTCC have listed for today 4 Nov
– EURUSD 1.0825 (696m) 1.0875 (552m)1.0980 (276m) 1.1050 (438m) 1.1075 (298m) 1.1150 (424m)
More lumpy contracts rolling off today

A couple of weeks ago we wrote about the curious case of the 34-year old Goldman Sachs high-yield trader, Tom Malafronte, who has managed to make $100mm “trading” with Goldman clients so far in 2016 while somehow also complying with Dodd-Frank regulations that prevent proprietary trading.  Here is what we wrote:

read more

Some of America’s most glittery TV spectacles will soon have a Chinese owner, the NYT reports.

Your economic data/event calendar for today 4 Nov
Greetings everyone.
It’s Friday and it’s been the expected busy/volatile week but there’s a bit more to be thrown into the mix before we head out to enjoy the week-end.

Another soggy session to end the week 4 Nov
– lowest closing level since 17 Oct
US election jitters sees the Nikkei  post its biggest weekly drop (3.1%) since early Aug