Presented by: Joyce Goh BFM @BFMradio
Stephen Innes, Head of Trading in Asia-Pacific, OANDA, Singapore
Stephen talks about how markets had their Jekyll-and Hyde moments last week. He gives his input on what is at play in the markets and currencies as well as what to expect moving forward.
We also chat about the recent major development in China taking a major step towards opening its financial system, saying it will remove foreign ownership limits on banks.
Speaking about China, Chinese giant Alibaba Group’s Singles’ Day shopping bonanza generated a record 168.2 billion yuan (US$25.3 billion) in sales over the weekend defying concerns of an economic slowdown.
Stephen shares his views on what this record-breaking event is telling us.