It’s days like Monday that reassure Tony Hann he was right to avoid stocks in mainland China.Boom! The bottom just dropped out of China’s unprecedented efforts to prop up its marketChina’s stocks tumbled the most in eight years Monday morning as investors lost faith in government measures to support the market and the IMF warned Beijing to butt out.Continue reading.The […]
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 – […]
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A man walks past an electronic stock board of a securities firm in Tokyo, Monday, July 27, 2015. Asian stock markets were lower Monday as weak Chinese manufacturing accelerated the sell-off in oil and other commodities. Investors were also cautious ahead of the Federal Reserve’s policy meeting later this week. (AP Photo/Ken Aragaki)Beijing – […]
REUTERS/StringerVia Dave Lutz at JonesTrading, here’s a guide to what traders are talking about after a huge sell off in Chinese stocks overnight.Good Morning! A sea of red overseas has the S&P extending last weeks’ 2.2% drop. Nasdaq off 60bp, S&P off 50bp as the commodity complex continues to cycle lower. Heavy losses over in Europe, with the DAX off […]
An electric board displaying falling stock prices in Hangzhou, in China’s Zhejiang province. Photograph: AP
Chinese shares has tumbled more than 8% after an unprecedented state rescue effort to prop up valuations abruptly stopped, raising doubts about the viability of Beijing’s plan to stave off a deeper crash.Major indexes had their largest one-day drop since 2007, shattering three weeks of relative […]
China’s stock markets cratered again today, despite the government’s stimulus efforts. The Shanghai Composite Index fell by 8.5% and the Shenzhen A-shares index lost 7% of its value.Over the past 10 years, today’s drop was the second-worst on record:The fall comes after the government reported a 0.3% drop in industrial profits in June, a sign that China’s economy may be […]
Yanis Varoufakis has just released a statement defending his work creating a parallel payment system during his time as finance minister.The statement, from “the Office of Yanis Varoufakis”, insists that he was fully authorised to carry out the work.It also criticises the media for their “far-fetched” articles, and denies the claim that he ever planned to hijack all taxpayers tax […]
Yanis Varoufakis has just released a statement defending his work creating a parallel payment system during his time as finance minister.The statement, from “the Office of Yanis Varoufakis”, insists that he was fully authorised to carry out the work.It also criticises the media for their “far-fetched” articles, and denies the claim that he ever planned to hijack all taxpayers tax […]
The Stock Market Will Start To Fall In July? The Dow Plummeted More Than 500 Points Last Week
By Michael Snyder, on July 26th, 2015Was last week a preview of things to come? There are quite a few people out there that believe that the stock market would begin to decline in July, and that appears to be precisely what […]
REUTERS/Yiannis KourtoglouGreek flags are displayed for sale for one Euro at a shop in Athens, July 26, 2015.The Greek stock exchange will remain closed on Monday but might reopen on Tuesday after a one-month shutdown, official sources said.”It’s certain that it will not open on Monday, maybe on Tuesday,” a spokesperson for the Athens Stock Exchange told Reuters on condition […]
