Where to invest following stock market carnage: Europe and China top the experts’ buy lists September 9, 2015 Global stock markets took a battering this summer. At one point, nearly $2 trillion had been wiped off the value of shares across markets as diverse as Germany, China, the US and Argentina. The falls were trigged by worries over the state of China’s economy. Although Chinese companies make up only a small part [...]
Rolls-Royce dented by anti-corruption moves in China September 8, 2015 Rolls-Royce yesterday conceded that sales of its luxury cars have been hit by a fall in demand in China. The chief executive Torsten Mueller-Oetvoes, talking to the BBC World Service’s World Business Report, said the turnaround in the market had been unexpectedly fast. “We have been surprised by the speed of development in the Chinese [...]
Wall Street jumps after China rebound – New York Report September 8, 2015 US stocks rose more than two per cent yesterday, bouncing after steep losses last week and a China-fuelled rebound in global equities. The Dow Jones industrial average rose 390.3 points, or 2.42 per cent, to 16,492.68, the S&P 500 gained 48.19 points, or 2.51 per cent, to 1,969.41 and the Nasdaq Composite added 128.01 points, [...]
What crisis? Eurozone growth revised up to 0.4 per cent in second quarter September 8, 2015 Things didn't get quite as bad during the Greek crisis as everyone thought, it turns out, after Eurozone growth for the second quarter was revised upwards. Official statistics published this morning showed the bloc grew 0.4 per cent between April and June, up from the 0.3 per cent originally thought. At the time of the [...]
Chinese dragon needs to regain its fire: Falling competitiveness could be the hidden force behind the slowdown September 8, 2015 China's unravelling has had repercussions all over the world, from the $3 trillion (£1.96 trillion) wiped off global stock markets in the space of days, to fears of deflation in the UK and currency devaluations in places as distinct as Vietnam and Kazakhstan. The Shanghai stock market – which is down 40 per cent [...]
Chinese economic slowdown: The bull market has further to run, but there may be better value outside equities – CNBC Comment September 8, 2015 Hindsight is a wonderful thing, but the recent correction in stock markets was hardly surprising. Even its extent and volatility were not totally absurd when you take account of a few crucial factors. The most relevant factor is that this all occurred in the summer when volumes are thinnest. Moves were therefore larger and [...]
Sell in May and go away: Advice to bank on? September 8, 2015 AFTER global equities tumbled this summer over fears of a Chinese slow-down and in anticipation of a Fed rate hike, investors might have done well to heed the advice of one old City adage: “Sell in May and go away, don’t come back till St Leger Day.” The saying urges investors to sell off UK [...]
Pound ends longest losing streak since 2008 September 7, 2015 Sterling has risen for the first time in 10 days, ending what's been its longest losing streak in seven years. Global financial market turmoil and fears about the strength of the UK economy sparked a sell-off which saw sterling shed nearly four per cent of its value in just two weeks. Read more: Carney says China [...]
China fears sap investor sentiment September 7, 2015 GLOBAL investor sentiment took a turn for the worst in September, as fears over China took the outlook for Asia excluding Japan to its most negative since 2009. Investor confidence has been heavily impacted by recent extreme volatility in Chinese stock markets, with the Sentix’s measure of sentiment toward Asia excluding Japan yesterday falling to minus [...]
BlackRock looks for bargains in China’s soft real estate market September 7, 2015 BLACKROCK, the world’s largest asset manager, has turned its attention to Chinese real estate, intending to make the most of softening markets there. The company announced it is ready to increase its portfolio exposure, focusing on affluent, high-end mass-market shopping malls and premium grade offices in China’s biggest cities. John Saunders, head of Asia-Pacific real [...]