Chinese economic crisis: China cuts rates as a pick-me-up after stock market crash August 26, 2015 Aftershocks from Monday’s chaos rippled through global markets yesterday, with shares bouncing back in parts of the west and China providing a shot in the arm for its battered trading floors and wavering economy. Following the worst worldwide stock market rout in years, the FTSE came out fighting and recorded its biggest one-day rise [...]
US stocks dive back down in final hour of trading, erasing all of the day’s gains August 25, 2015 Black Monday spilled over into Tuesday in the US, when stocks plummeted down in the final hour of trading. Read more: Black Monday 2015: US stocks battered in biggest fall since 2011 At close, the Dow Jones was down 1.3 per cent compared to yesterday, while the Nasdaq and S&P 500 were 0.4 per cent [...]
Chinese stock market crash 2015: Capitalism is not in crisis – but China’s phoney model is August 25, 2015 There's nothing quite like a bout of market volatility to prompt a round of gleeful crowing from the usual suspects that “capitalism is in crisis”. This rather seems to miss the point that failures and successes, winners and losers are all essential and necessary components of an effectively functioning free market. What the [...]
FTSE 100 has biggest one-day rise in four years August 25, 2015 The FTSE 100 closed three per cent higher today at 6,081, as China's decision to cut a key interest rate restored confidence in UK investors. Read more: FTSE 100, Dax and Cac rise as hangover sets in after China stock market crash The People's Bank Of China announced this morning that it was going [...]
Here’s how yesterday’s Great Fall of China compares with history’s worst stock market crashes August 25, 2015 Traders around the world are nursing a hangover after massive falls in China precipitated a $1.6 trillion global wipeout on stock markets around the world. While the losses were worst in China, where markets fell as much as 8.7 per cent, markets across Europe, America and Africa were all hit hard. But how does yesterday [...]
Tech stocks rebound on Nasdaq – Netflix, Facebook, Amazon and Apple share prices are on the up after Black Monday August 25, 2015 Tech stocks have rebounded after a dismal Black Monday. Netflix has had one of the biggest rallies in early morning trading, up around seven per cent, while Apple was up around 4.5 per cent. The tech-heavy Nasdaq, on which Apple is the heaviest weighted stock, was up more than three per cent after global markets [...]
China crash: This is China’s Lehman Brothers moment and global liquidity is to blame August 25, 2015 August is the cruellest investment month, once more, and disappearing money flows are again the culprit behind crashing stock markets. The gyrations in global liquidity explain market movements around six-12 months ahead and predict economies over the following year. The problem right now is that despite the well-flagged easing by the ECB and Bank of [...]
Black Monday 2015: China’s central bank cuts benchmark interest rates, European markets rally August 25, 2015 China's central bank has cut one of its key interest rates following a tumultuous day for global markets. The People's Bank of China (PBoC) has cut the one-year benchmark lending rate by 25 basis points to 4.6 per cent – the fifth cut to interest rates in less than 12 months – as the country [...]
US markets S&P 500 and Dow Jones rebound after China crash August 25, 2015 US traders seemed to regain their optimism during the first few minutes of today's session, following a day during which markets across the pond yo-yoed wildly. The S&P 500, which ended yesterday more than three per cent down, rose more than two per cent to 1,931 .5 points in the first minutes of trading, while [...]
Chinese crash: Volatility “fear” indices Vix and VStoxx are peaking well above historical averages August 25, 2015 European markets may be more buoyant today, but if the fear indices are anything to go by, there is still plenty of unrest among investors. The US' Vix index – which measures the market's expectation of 30-day volatility on the S&P 500, as implied by the prices of near-term options – has leaped on [...]