Investing.comThe recent collapse in stocks has been quick and brutal.It has not been a fun couple of days in the stock market. On Monday, the Dow lost 588 points, capping the blue-chip index’s first-ever string of back-to-back-to-back days of 300-point declines. Shortly after the market open on Monday, stocks were in a panic, with the Dow falling more than 1,000 points while […]
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Guest post courtesy of the Hennessee Group.
August 13, 2015 – New York, NY – Hennessee Group LLC announced today that the Hennessee Hedge Fund Index lost -0.02% in July (+2.94% YTD), while the S&P 500 gained +1.97% (+2.18% YTD), the Dow Jones Industrial Average rose +0.40% (-0.75% YTD), and the NASDAQ Composite Index jumped +2.84% (+8.28% YTD). Bonds were also […]
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), […]
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 […]
China has lost its title as the world’s most liquid stock market as trading halts and regulatory efforts to curb bearish transactions drive away investors.Daily turnover on mainland exchanges has averaged the equivalent of US$202 billion over the past 30 days, down from US$288 billion at the start of July. After exceeding turnover on U.S. bourses for about a month […]
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AP Photo/Petros KaradjiasA demonstrator makes the victory sign in front of a banner, depicting a wrecking ball reading ”NO” and destroying a wall with anti-austerity measures during a rally in Athens, Friday, June 10, 2015.The Greek stock market is about to reopen for the first time in five weeks. It’s been closed since the beginning of the country’s capital controls […]
The Greek stock market is set to reopen on Monday as talks continue with the country’s creditors on a new multi-billion-euro bailout. Photograph: Orestis Panagiotou/EPA
Greek investors expect a tumultuous day’s trading when Athens’ stock market reopens on Monday after a five-week shutdown.The resumption of trading in Greek stocks will be the latest step back towards economic normality, after the prime […]
China said on Monday it was prepared to buy shares to stabilize the stock market and avert “systemic risks,” after major indices plunged more than 8 per cent in the biggest one-day fall since 2007.The securities regulator also said market authorities would deal severely with anyone engaged in the “malicious shorting of stocks,” in Beijing’s latest attempt to stave off […]
