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 [...]
China’s economic crisis and the global market turmoil spooks central bankers August 27, 2015 Traders on red alert for a prolonged period of cheap money (Source: Getty) Global market turbulence is causing central bankers on both sides of the pond to shy away from any tightening of monetary conditions – putting traders on red alert for a prolonged period of cheap money. American rate-setter Bill Dudley [...]
Jackson Hole: Investors seeking clarity on the US Federal Reserve rate hikes will be disappointed August 26, 2015 As investors start to return from their summer holidays, one date in particular will be looming large in their thinking. The seventeenth of September is tipped by many to be the date when the US Federal Reserve will finally start to hike interest rates as a first step on the long road to “normalisation”. [...]
As global markets selloff continues, here’s what seven analysts think of today’s market turmoil August 26, 2015 Market turmoil is widespread today, with gains being wiped off indices in Asia, European markets opening lower, and the FTSE 100 edging towards 6,000. What do analysts make of the developments? Here's a round-up: 1. "The news propped up a malaise in markets" – Bernard Yaros, Moody’s Analytics The release of the weakest Chinese manufacturing [...]
Chinese markets finish lower as volatile trading continues August 26, 2015 Chinese markets closed lower again today after a brief rally in afternoon trading. Having breached the 3,000 mark during afternoon trading, the Shanghai Composite closed 1.3 per cent down at 2,926.3 points, marking its fifth consecutive day of decline, while the Shenzhen Composite closed more than three per cent down at 1,695.8 points. But the [...]
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 [...]