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 [...]
Black Monday 2015: Starbucks CEO Howard Schultz tells baristas to be sensitive to customers worried about the stock market August 25, 2015 Could a cup of joe cure your stock market woes? Starbucks CEO Howard Schultz seems to think so. In a message to the coffee chain’s 190,000 employees yesterday, Schultz asked baristas to be sensitive to customers who might be worried about their portfolios. “Today’s financial market volatility, combined with great political uncertainty both at home and abroad, [...]
FTSE 100, Dax and Cac rise as hangover sets in after China stock market crash August 25, 2015 After making its worst losses since 2003 yesterday, the FTSE rose almost three per cent per cent in mid-morning trading, nudging back above 6,000. Meanwhile, the Dax rose 3.2 per cent and the Cac rose 3.1 per cent, suggesting that while European markets were nursing a hangover, the worst may be over. The rebound followed [...]
Black Monday 2015: Here’s the market index which mattered most according to Google searches August 25, 2015 Black Monday may have started with the Chinese economy, but it was the Dow which ended up gaining most of the world's attention online. Search interest in the unfolding events on the world markets focused on the US index more than any other in the majority of countries around the globe, according to data from Google. [...]
Chinese economic slowdown: Devaluation and volatility should not put off Western retailers August 25, 2015 The surprise decision by the China's central bank to devalue its currency on three consecutive days has been linked to China’s state authorities’ attempts to boost its struggling economy. It is, however, unlikely to cause significant disruption to many Western retailers who are supplying in the region. The correction may have been a gesture to [...]
Black Monday 2015: Shanghai Composite plunges further but Hang Seng, Taiex, ASX 200 trading up August 25, 2015 China's Shanghai Composite plunged further this morning, opening more than six per cent down – but other major indices in Asia regained ground in morning trading as investors made the most of yesterday's bloodbath. China was taking the brunt of lingering gloom, with Shenzhen Composite also falling by around 5.5 per cent. Having opened 6.4 [...]