For investors, February is starting off even rougher than January. U.S. stocks tumbled on Monday, pushing the Dow Jones industrial average down more than 320 points after reports of sluggish U.S. growth added to investor worries about the global economy. It was the biggest one-day decline for the blue-chip index in more than seven months. And the drop followed the […]
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Concerns over China’s manufacturing slowdown left investors wary of equities and emerging market currencies; dragging the domestic benchmarks to heavy losses. The concerns merged with fears of the Federal Reserve further trimming its economic stimulus. The Dow had its worst day since last June while the blue-chip index and S&P 500 suffered their worst weekly runs in many months. Improved […]
A screen showing the Nikkei 225 Stock Average in Tokyo, Japan, as it slid earlier today. Photograph: KIYOSHI OTA/EPAGood morning and welcome to our rolling coverage of events across the financial markets, the global economy, the business world and the eurozone.Asian markets have taken a pummelling overnight as the share rout which began last week hit its largest stock exchanges. […]
Turkish lira bills at a currency exchange office in Istanbul. Turkish lira hit record lows despite the central bank spending an estimated £1bn to prop up the curerency’s value during the day. Photograph: Murad Sezer/REUTERSA series of political scandals and accusations of mismanagement in some of the world’s major developing economies triggered turmoil on international stock exchanges on Friday.The FTSE […]
Thursday saw the market finally begin to react, to reprice based on the current environment. But why? Was it earnings? Was it China? Was it the Federal Reserve? How about a little bit of everything. News of a potential default in China along with a weak report on Chinese manufacturing (the Markit/HSBC purchasing managers’ index) causes […]
Adding to the sour mood was a sell off in emerging markets, with some impacted by the broader sell off, such as Mexico and Chile, and others reeling on their own stories, like Argentina, Turkey and Brazil. Brazil was impacted by China but also negative comments from Pimco on its finances. (Read more: Brazil’s Rousseff tries to woo […]
Originally published January 24, 2014 at 7:41 AM | Page modified January 25, 2014 at 2:19 AM
Fear is back in the market.Investors are worried about slower economic growth in China, a gloomier outlook for U.S. corporate profits and an end to easy-money policies in the United States and Europe. They’re also fretting over country-specific troubles around the world […]
The correction many have been waiting for appears to have arrived, according to Tony Dwyer, U.S. portfolio strategist at Canaccord Genuity.He believes in order for this meaningful equity market pullback to last more than a day, there must be a fear of fundamental change.And Mr. Dwyer thinks enough ammunition is being provided by weak Chinese manufacturing data, more tapering from […]
Stockmarket drops on Chinese data
LAURA WALTERS
Last updated 14:36 24/01/2014
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