Alexis Tsipras wants the Greek parliament to reconvene to vote on the bailout deal that has been roughly agreed with creditors. Photograph: Orestis Panagiotou/EPA
Greece’s stock market rallied on news that the indebted country and its creditors have reached an outline agreement over an €86bn (£61bn) bailout.Athens’ benchmark ATG equity index closed up 2.1%, while the country’s banking index also climbed […]
The Chinese central bank would never admit it, but China’s stock market crash surely weighed on its decision today to devalue the yuan.The news had an immediate impact, with the yuan falling nearly 2% against the U.S. dollar. It marked the biggest one-day plunge since 1994.Because of the way the yuan is controlled by the People’s Bank of China (PBOC), […]
More and more people in the market are worried about “breadth.”Breadth is basically a measure of how many stocks are going up in the market against how many stocks are going down. And because of how the averages are computed, more stocks can be rising than falling, or vice versa, without seeing an exact replication of this phenomenon in the level of […]
Concerns about Prudential’s exposure to China helped push the company’s shares down 10% from late May. Photograph: Reuters
Prudential says turbulence on the Chinese stock market has had little effect on its business there as it reported first-half profit ahead of City forecasts.The British insurer sought to soothe City concerns by saying its Chinese operation had performed consistently for 15 years […]
Wikimedia CommonsWangfujing Street, BeijingChina’s economy is going through a rough patch, and fears things could get worse have been exacerbated by the recent crash of the country’s high-flying stock market.But amid all of this, the real losers may be the leaders in Beijing.”The diminished credibility of policymakers may be the most important consequence of the crisis,” a team of Citi Research economists said […]
An investor smiles after the Shanghai Composite Index rose 4.9% on Monday in its best day for a month. Photograph: Xie Zhengyi/Xinhua Press/Corbis
Stock markets around the world have been lifted by hopes that the Chinese government will allow its currency to devalue to boost growth after figures at the weekend showed a surprise slump in exports from the world’s second-largest […]
5 Defensive High-Yield Dividends That Should Withstand the Next Stock Market CorrectionBy Jon C. Ogg August 10, 2015 12:25 pm EDTPrintEmail Investors may have found a breather as the new week got off to a start, but the reality is that some investors started to get nervous after more than a week’s worth of losses. As investors get nervous about […]
5 Defensive High-Yield Dividends That Should Withstand the Next Stock Market CorrectionBy Jon C. Ogg August 10, 2015 12:25 pm EDTPrintEmail Investors may have found a breather as the new week got off to a start, but the reality is that some investors started to get nervous after more than a week’s worth of losses. As investors get nervous about […]
Stock Market Crash, Bear Market Rally in Gold?Stock-Markets / Financial Markets 2015Aug 10, 2015 – 10:05 AM GMTBy: Brad_GudgeonI’m attaching three charts today: One chart of the daily SPY shows the parallel between Friday and March 3, 2015. The next one, shows where it could go as far as price and time is concerned, and the third shows the weekly […]
Gerald Celente of the Trends Research Institute has just gone on the record with a prediction that there will be a stock market crash by the end of this calendar year.If you are not familiar with Gerald Celente, he is one of the most highly respected trends forecasters in the entire world.He has been featured on CNN, The Oprah Winfrey […]
