Black Monday 2015 crash reaction: If the global stock markets start to panic, Twitter’s sure to follow suit… August 25, 2015 Suffice to say Twitter went into meltdown almost as quickly as the markets yesterday. Former top Treasury official Damian McBride kicked off the crazy yesterday morning with some helpful financial advice. “Get hard cash in a safe place now,” he urged. “Don’t assume banks and cashpoints will be open, or bank cards will work.” [...]
The bubble finally bursts on Black Monday: Tea, walnuts, garlic, now the Chinese stock market August 25, 2015 Fermented tea, garlic, preserved walnuts, and mahogany furniture. All of these have soared in price at one stage in the last ten years as wealthy Chinese have looked for places to store their assets and make a quick buck. “There are relatively few investment options,” says Mark Williams of Capital Economics. The walnut [...]
Black Monday 2015: Shanghai shockwave wipes $1.6 trillion from global blue-chips in just one day August 25, 2015 More than one trillion dollars was wiped off the value of the world’s top companies yesterday, as panic on China’s trading floors sent shockwaves through global markets. Volatility soared to levels not seen since the aftermath of the financial crisis, prompted by renewed fears over the health of China’s economy and a near-nine per [...]
Black Monday 2015: US stocks battered in biggest fall since 2011 August 24, 2015 After briefly reversing the losses they suffered in early morning trading, US stocks dived back down again and experienced their biggest one-day fall in four years. Read more: Black Monday: Equities bloodbath continues on US markets as Dow Jones and S&P 500 plummet At close, Nasdaq was down 3.8 per cent at 4,526, while [...]
Black Monday 2015: Don’t panic, the outlook after the stock market crash remains positive – despite volatility August 24, 2015 Yesterday’s dramatic moves in stock markets around the world, coming on top of the pronounced market volatility of recent weeks, will have concerned investors, with the lack of a single clear trigger making it harder to assess the potential for this volatility to be sustained. While the fluctuations we’ve seen over the last few [...]
As the CBI upgrades its forecasts, is stronger UK growth sustainable amid global turmoil? August 24, 2015 Vicky Pryce, chief economic adviser at CEBR, says Yes After three per cent growth last year, the UK is continuing to perform better than many other Western economies. The CBI’s upgrade of its growth forecast from 2.4 per cent to 2.6 per cent for the whole of 2015 builds on a couple of quarters of [...]
Black Monday: Equities bloodbath continues on US markets as Dow Jones and S&P 500 plummet August 24, 2015 US markets continued the trend set by global markets, plummeting in mid-morning trading, with the the S&P 500 and Dow Jones both trading more than four per cent down. That followed huge falls in Asia and Europe, with the FTSE 100 tumbling below 6,000 for the first time since 2012, while stocks in China fell [...]
Black Monday 2015: Biotech firm RainDance Technologies cancels IPO following global sell-off August 24, 2015 US biotech firm RainDance Technologies has pulled out of plans to publicly list on Nasdaq. Read more: Black Monday: Bloodbath continues on US markets as Dow Jones and S&P 500 plummet In a regulatory filing released today, the Massachusetts-based company cited the fall in global markets as the reason for its decision. The [...]
Black Monday: Shares in National Bank of Greece, Eurobank and Piraeus are collapsing August 24, 2015 Share prices at Greek banks have fallen by more than a quarter as the combination of the global crash and uncertainty around a Grexit weight heavy on the financial sector. Athens Stock Exchange had fallen by seven per cent in mid-afternoon trading – but it was the banks that were hit hardest. The [...]
Black Monday: Gordon Brown’s former spad Damian McBride thinks you should stockpile food and water to ride out the crash August 24, 2015 Worried about Black Monday? You're not the only one. Although you might not be reaching the same conclusion Damian McBride has. Gordon Brown's former spad has tweeted some urgent advice on the back of this morning's stock market tumbles – and it sounds like he is taking the crash pretty seriously. If any [...]