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Word of the day for traders. Chinese stocks extended the worst fiveday drop since 1996. The marx apparently unconvinced by the peoples bank of china decision to cut markets rate the apparently unconvinced. Stoxx 60019 indices are down here lets cross to our chief asia correspondent. Enda, a very good day to you. Markets simply unconvinced is the word. Enda unconvinced is exactly right. What the Global Markets wanted out of china was a Circuit Breaker. There is a feeling this crisis began in china. Dona needed to intervene, to something. It does not look like what they have done has been enough...

Selloff coming out of the united states. This mixill throw into as well what has come out and the last hour from carl icahn. Interesting to see him backing trump. Inis a guy well followed terms of his views around the markets and have Central Banks and governments influence those markets. This is what he had to say in the video he released about the low rate environment. Why should they raise rates . It is almost a rhetorical question. There are so many reasons. Low rates are almost by definition building bubbles. Real estate bubbles. Guy one of the stories riling the asia markets right now is...

Coming out against the dollar at the moment. Meanwhile, money coming out of rout, they, the concern about a glut in supply. Meanwhile, questions about china sends copper up. What does that do to the miner . Th eminers . U. S. Bombs are rallying, yields coming down. Yesterday, germany yields also traded lower, money moving into the havens. Meanwhile, lets check in on glencore. Brutal move yesterday, of third of its market being wiped off. We are seeing it rebounding, up 6 . Record lows couldnt be sustained that much longer as people are trying to understand how big their debt mountain is. Once ...

Lets get straight to our top story this morning. Angloamerican shares sinking as dividend suspended its about the 4. 7 billion. Miners are among the biggest losers on the ftse this year. For more, lets bring in our mining analyst and jodie lynch from schroders. Great to have you with us. The worst kept secret in the city was Anglo American. The other news is the disposals. There is a lot of it is outside the actual dividend story, isnt there . In this environment, youre always going to see a reorganization of these kinds of companies. It will just be anglos, it will be rio, php. Bhp. No surpri...

There are nonperforming loans within the banking sector. It was only five days ago that october 2014o an low. You one stock, the second worst in europe today. Diy kingfisher, the biggest retailer. Theprofits will come at expense of shorterterm earnings. Impacting to negatively profit by 50 million in the first year and 100 million following year. They are trying to unify an operation. Kingfisher, oil stocks, banks, those are the big decliners today. Betty what is that doing to german Business Confidence . Mark german Business Confidence has been dented i this selloff, this turbulence we witnes...