European stocks show resilience to China market fall September 7, 2015 European markets went up today, showing resilience to yet another decline on China's key index. The FTSE 100 closed 0.5 per cent higher at £60.75, while the Germany's Dax and France's Cac 40 rose 0.7 per cent and 0.6 per cent, respectively. Read more: China's stock market turmoil could spell bad news for London [...]
China’s stock market turmoil is near its end, says head of central bank September 6, 2015 Chinese stock markets have almost recovered from their fall into correction, according to Zhou Xiachuan, governor of China's central bank. During the G20 meeting of finance ministers this weekend, he said the stock market correction resulting from turbulence in recent weeks was “largely in place”, after the government took steps to stabilise the economy. [...]
China’s economic slowdown: IMF warns central banks not to raise interest rates September 3, 2015 The IMF has warned the world's biggest economies not to raise their interest rates in the near future, as China's economic struggle could have far-reaching consequences. In a pessimistic report released last night, the international lender said the risk of a global slowdown was increasing, and that in most cases economies are falling short [...]
China markets make swift recovery from low open, indicating possibility of state-backed buying September 2, 2015 After a steep fall at the start of trading, Chinese markets made a rapid recovery, with the Shanghai Composite finishing just 0.2 per cent down, while the Shenzhen Composite ended just under two per cent lower. Meanwhile, the FTSE 100 opened slightly higher, rising 0.7 per cent to 6,100 points in early trading. [...]
Revealed: the European funds hit hardest by last week’s market turbulence September 2, 2015 The funds suffering the biggest losses after last week’s global stock market chaos have been revealed, as FE Trustnet data shows the European fallout from last week's market turbulence. The worst-performing fund was Aberdeen Global European Equity Ex UK, which gets the unflattering crown after it suffered a 6.19 per cent loss over the month [...]
FTSE 100 closes higher after tumultuous week August 28, 2015 After a week spent yo-yoing between losses and gains, the FTSE 100 made up all its losses, closing at 6,247.9 points today – 0.9 higher than yesterday's close, and 60 points higher than it finished last week. Global markets were all hit on Monday after weaker than expected manufacturing data prompted fears of an economic [...]
Black Monday: £74bn knocked off FTSE 100 as markets respond to deteriorating China outlook August 28, 2015 The UK’s 100 biggest companies had £74bn wiped off their value today after a worsening outlook in China hit global stock markets. The FTSE 100 had lost 4.67 per cent by the time markets closed, nosediving below the 6,000 mark to 5,898.9. China led the global sell-off with the Shanghai composite index plunging 8.49 [...]
Asian markets continue to rebound, with Shanghai Composite, Nikkei, Hang Seng, ASX 200 up August 28, 2015 A sea of red screens can be seen around Asia as markets continue to rise, including in China, building on positive performance yesterday and a strong finish by markets in the US. The Shanghai Composite rose as much as two per cent in mid-morning trading, gaining on the 5.4 per cent it rose yesterday. Japan's [...]
China’s greatest crisis since the 1980s promises more dark days ahead August 27, 2015 With more than $5 trillion wiped off global stock markets since 11 August, “Black Monday” this week saw declines of historic proportions, driven by concerns over the Chinese economy. The People’s Bank of China (PBOC) has subsequently cut interest rates and eased lending rules for banks in a much-anticipated move to stem the market [...]
Asian shares rebound on US gains, Shanghai Composite, Nikkei, Hang Seng up August 27, 2015 Asian shares staged a rebound in morning trading on the back of the Wall Street’s biggest one day gain since 2011. Markets were trading up across Asia, including China, following volatile trade yesterday and big losses earlier this week. Read more: US markets rise but FTSE closes lower as China uncertainty continues The Shanghai Composite [...]