Collapse of US stocks due to ‘a confluence of negative attributes’. US stock markets staged a stunning recovery on Monday after plunging to dramatic lows earlier in the day as markets across the world went into meltdown over ongoing fears of a collapse in the Chinese economy.The Dow Jones Industrial average was down 200 points, or 1.2%, at 16,257 points […]
By Michael Snyder, on August 17th, 2015You can stop waiting for a global financial crisis to happen. The truth is that one is happening right now. All over the world, stock markets are already crashing. Most of these stock market crashes are occurring in nations that are known as “emerging markets”. In recent years, developing countries in Asia, South […]
Traders work on the floor of the New York Stock Exchange (NYSE) at the start of the trading day in New York on Wednesday. Photograph: Andrew Gombert/EPA
US stocks rallied late on Wednesday afternoon following an earlier worldwide markets slump due to concerns about the health of the Chinese economy.The major US stock indices end the day roughly flat, after having […]
China surprised everyone for the second day running, slashing the value of its currency against the dollar. There are lots of different explanations. It could be seen as a move to boost falling exports, to prepare for a US interest rate rise or just to give the currency more flexibility to move in the future as growth slows.But the UK, EU and […]
The Singapore stock market with the national Straits Times Index (STI) crashed 2.64% in a single day today (August 12) and even bottomed out at 3,060 (-2.95%) in the morning today. Singapore’s economy is currently facing a downturn with a decline of 4% in GDP from yesterday’s official announcement. The Singapore currency is also currently trading at its 5-year low […]
Thomson ReutersAn investor in front of an electronic board showing stock information at a brokerage house in Hangzhou.China is asking foreign and Chinese-owned brokerages in Hong Kong and Singapore to hand over stock-trading records, sources with direct knowledge of the requests told Reuters, extending its pursuit of investors shorting Chinese stocks to overseas jurisdictions.Three sources at Chinese brokerages and two […]
TOKYO (AP) — Asian stocks markets sagged Tuesday as global jitters mounted over whether Greece and its creditors can reach a bailout agreement.KEEPING SCORE: Japan’s Nikkei 225 dipped 0.6 percent to 20,260.00 and South Korea’s Kospi lost 1.2 percent to 2,017.05. Hong Kong’s Hang Seng fell 0.5 percent to 26,738.76. Other Asian benchmarks, including Taiwan and Singapore, were also lower.GREECE […]
Infamous trader Nick Leeson has a word of warning for China’s equity markets. His message is loud and clear. Improve regulations and transparency, or risk losing billions at the hands of rogue traders.Back in 1995, Leeson was a trader for Barings Bank in Singapore.Things took a turn for the worst when Leeson began to lose money. He attempted to hide […]
As Nanex’s Eric Hunsader pointed out, while the well-paid HFT-lobbyists proclaim their rigging clients “knit together liquidity from all markets,” it appears BATS’ new CEO (since the lying old one left) disagrees. The exchange that caters significantly to the front-running HFTs believes it knows how to improve the market for thinly traded stocks… it will stop handling them.As Bloomberg reports,
BATS […]
Gold Up 11% in Euro This Year As Currency Wars IntensifyGold has risen 11% versus the euro in 2015
Builds on 12% gains against the euro in 2014
Sentiment poor despite reasonable performance
Gold performing well considering significant gains in stocks and dollar
Dollar centric view misleading
Currency wars intensifying
Complacency and hubris rife
Gold rose 12% against the euro in 2014 and so far in 2015, […]
