August closes down, DAX -0.4% Dow -0.7% S&P -0.8% Australia had its worse month since January 2014.

FTSE +0.9%, DAX -0.2%, Dow -0.1%, S& +0.1% as markets quietened and ended up for the week as a whole, US personal income and spending came in moderate.

Second good night in a row +5% in China, FTSE +3.6%, DAX +3.2%, Dow +2.3%, S&P +2.4% so we should do okay today.

Should be a good start today: FTSE -1.7% DAX -1.3% Dow +3.3% S&P +3.9% in response to the previous day

Another wild night with Europe up & Australia defying the Futures Index (which is predicting -0.9% for our start today) FTSE +3.1%, DAX +5%, Greece +9%, following Chinese policy changes which didn't help US markets, Dow & SP -1.3%

China continues to bring markets down: FTSE & DAX -4.7% biggest fall in several years; the Dow opened -1000pts (-6%) but clawed a lot back to finish -3.6%, S&P -3.9%. We will be buffered by the AUD fall, but not much.

An ugly day on Friday, markets around the world dropped: FTSE -2.8% DAX -3% SP -3.1% Dow -3.2% We will fall at least 2%

FTSE -0.6% DAX -2.1% SP -1.8% Dow -2.1% due to concerns about the falls in Chinese markets and renewed concern about Greece.

S&P -0.85% Dow -0.9% FTSE -1.9% DAX -2.1% so we should be down after yesterday's up market. AUD at 0.735 USD. FOMC's minutes haven't rules out a rate rise but it seems unlikely although it must be priced in by now.

American housing starts climbed to an 8-year high, actual 1.21M against consensus 1.18M.