The China stock market downturn and currency changes have started to impact the global market. With 50+ startups in my firm’s global portfolio and a fast growing startup of my own, I thought it would be very timely to discuss what is happening in China and it’s potential impact on startups.So I jumped on a call with Vaughn Tan, Assistant […]
The major U.S. stock market indices finally corrected after a 9-month sideways trend. The ‘big’ news this week for stocks was undoubtedly that the four indices all closed below their 200-day moving average, which IS an important breakdown.The key observation on the chart below, is the violation of the steep uptrend (highlighted with the rising green dotted line), which started […]
LONDON – When the banking crisis crippled global markets seven years ago, central bankers stepped in as lenders of last resort. Profligate private-sector loans were moved on to the public-sector balance sheet and vast money-printing gave the global economy room to heal.Time is now rapidly running out. From China to Brazil, the central banks have lost control and at the […]
NEW YORK (Reuters) – Weak earnings dragged stocks lower on Thursday and oil fell on continued oversupply concerns, while Treasuries prices rose ahead of U.S. jobs numbers seen as key to determine the timing of a rate hike from the Federal Reserve.
Wall Street traded lower, weighed by biotech shares and on a second day of sharp declines in media companies […]
The Greek stock market dived more than 20 percent on Monday immediately after opening, with the Athex Composite down to 615.12. Piraeus Bank and the National Bank of Greece both plunged 30 percent, the daily volatility limit.Banks account for about one-fifth of the main Athens index.However, some limitations for market trading were kept in place. Greek traders are able to […]
An investor looks at falling stock prices in Hangzhou, eastern China as markets slumped. Photograph: AP
Turmoil has returned to the Chinese stock market as shares suffered their worst fall in eight years, knocking commodity prices and fuelling jitters among investors in London.Following three weeks of relative calm, the Shanghai Composite Index plummeted on Monday, ending down 8.5% at 3725.56 – […]
Gavyn Davies is a macroeconomist who is now chairman of Fulcrum Asset Management and co-founder of Prisma Capital Partners. He was the head of the global economics department at Goldman Sachs from 1987-2001, and was chairman of the BBC from 2001-2004.He has also served as an economic policy adviser in No 10 Downing Street, an external adviser to the British […]
© AFP/File Daniel RolandFrankfurt’s DAX 30 index lost 0.10 percent to stand at 11,088.73 pointsLondon (AFP) – Europe’s main stock markets slipped on Friday with all eyes on Greece’s weekend referendum on its bailout and future place in the eurozone.In late morning deals, Frankfurt’s DAX 30 index lost 0.10 percent to stand at 11,088.73 points and in Paris the CAC […]
NEW YORK (AP) — Stocks were mostly higher in early trading Friday as negotiators continue to work toward a solution to Greece’s debt problems.Chinese stocks plunged 7 percent as fears spread that a yearlong bull rally there has become overheated. The market is up more than 100 percent over the past year.KEEPING SCORE: The Dow Jones industrial average rose 59 […]
Mike Bird
Jun. 15, 2015, 5:48 AM
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REUTERS/Fahad ShadeedSaudi traders monitor stocks at the Saudi Investment Bank in Riyadh August 7, 2011.Saudi Arabia just did something that Western investors have been pining for — the oil-rich nation has opened its stock market to the world.Until now, Saudi stocks were restricted in ownership to just Saudis and citizens of the nearby Gulf states. […]
