An investor stands in front of an electronic board showing stock information at a brokerage house in Fuyang, Anhui province, China. Photograph: China Daily/Reuters
Chinese share prices suffered a dismal end to a dire month as promises of more emergency measures from officials in Beijing failed to stem a stock market slide that is now reverberating around the global economy.Despite policymakers’ […]
Bank of America Merrill Lynch analysts have just published a fantastic map showing which major US listed companies are worth more than entire emerging market stock indices.Take a look:BAMLThe authors offer this explanation of the “the journey from hubris to humiliation” that emerging market equities have undergone: Back in late 2010, when Sepp Blatter announced that Russia & Qatar would follow […]
Authorities have been flailing in efforts over the past three weeks to prevent a further sell-off. Photograph: Shizuo Kambayashi/AP
China’s securities watchdog is investigating the impact of automated trading on share markets, as authorities step up a crackdown on what they regard as heavy speculative selling that could destabilise the world’s second-largest economy.China’s main share markets, both among the world’s five […]
REUTERS/Fred ProuserSteve Wynn.Steve Wynn wouldn’t have done that.China’s stock market has been on an epic roller-coaster ride this year.After a 150% jump in a few months, stocks quickly tanked more than 30%.In its desperate efforts to stop the crash, China’s government stepped in and suspended all initial public offerings, limited the number of trades investors could execute in a day, […]
Related JNSBarron’s Recap: Time To Dump Your Bond Funds?Bill Gross Is Concerned If There Will Be Sufficient Liquidity If A ‘Panic Situation’ Arises AgainFranklin Fiscal Q3 Earnings & Revenues Lag, Costs Down – Analyst Blog(Zacks)On June 3, Bond King and Portfolio Manager of Janus Capital Group Inc (NYSE: JNS)’s Janus Global Unconstrained Bond Fund, Bill Gross, tweeted , “Gross: German […]
Yves here. This post, which ran in the second week of July, provides important background on how and why Chinese authorities ramped the stock market, and what the ramifications of the its implosion are likely to be.By Alicia García-Herrero, Chief Economist for Asia Pacific at NATIXIS, Senior Fellow st Bruegel and non-resident research fellow at Real Instituto El Cano. Originally […]
REUTERS/StringerSee AlsoChina’s small investors are looking for a way out of stocksChina shares slip again as Beijing scrambles to calm marketsUS funds aren’t bailing on China yet despite a free-fall in stocksMrs Zhu is just the type of investor the Chinese government should worry about as it tries to engineer a turnaround in the country’s stock markets, whose massive swings […]
Fed Officials May Offer More Clarity on Rates (WSJ)
Stocks rebound, shrugging off volatile and weak China (Reuters)
Three-Day Selloff Knocks 11% From China Shares (WSJ)
China shares fall again as Beijing scrambles to calm markets (Reuters)
VAT hikes to make Greek destination less popular (Kathimerini)
Varoufakis – Something is rotten with the eurozone’s hideous restrictions on sovereignty (FT)
EU denies Varoufakis ‘tax control’ claims (FT)
Allergan […]
Shares continue to slip, causing anguish and heavy losses for China’s millions of personal investors. Photograph: Imaginechina/Corbis
The temperature in this small airconditioned room in a brokerage in Shanghai’s Xuhai district was cool, as was the mood despite a drop in the stock market for the second day running.In recent weeks, as China’s stock market falls appeared to stabilise, millions of […]
REUTERS/StringerA trainer picks up Chinese Yuan banknotes from the open mouth of a crocodile during a performance at a zoo in Wenling, Zhejiang province March 2, 2015.China’s markets are going crazy again and Deutsche Bank’s Jim Reid is taking the big step of admitting he doesn’t get it.Stock markets in China went into free fall in June, pausing only briefly […]
