China’s stock market turmoil is near its end, says head of central bank September 6, 2015 Chinese stock markets have almost recovered from their fall into correction, according to Zhou Xiachuan, governor of China's central bank. During the G20 meeting of finance ministers this weekend, he said the stock market correction resulting from turbulence in recent weeks was “largely in place”, after the government took steps to stabilise the economy. [...]
G20: Finance ministers say low interest rates not enough to boost global economy September 6, 2015 Finance ministers from the world's 20 biggest economies agreed yesterday that keeping interest rates at their current low levels won't be enough to prevent a global economic slowdown. Following a two-day meeting in Ankara, Turkey, they said a coordinated introduction of other reforms was needed to encourage growth. "Monetary policies will continue to [...]
China’s economic slowdown: IMF warns central banks not to raise interest rates September 3, 2015 The IMF has warned the world's biggest economies not to raise their interest rates in the near future, as China's economic struggle could have far-reaching consequences. In a pessimistic report released last night, the international lender said the risk of a global slowdown was increasing, and that in most cases economies are falling short [...]
Market carnage: The funds that survived August’s global sell-off September 3, 2015 Traditional safe havens such as bond funds and gold were the best places to invest during August’s market carnage. Fears over slowing global growth and the potential for a wave of deflation to emanate out of China have pushed investors into areas which some commentators had recently been decrying as worthless investments – such [...]
China markets make swift recovery from low open, indicating possibility of state-backed buying September 2, 2015 After a steep fall at the start of trading, Chinese markets made a rapid recovery, with the Shanghai Composite finishing just 0.2 per cent down, while the Shenzhen Composite ended just under two per cent lower. Meanwhile, the FTSE 100 opened slightly higher, rising 0.7 per cent to 6,100 points in early trading. [...]
Revealed: the European funds hit hardest by last week’s market turbulence September 2, 2015 The funds suffering the biggest losses after last week’s global stock market chaos have been revealed, as FE Trustnet data shows the European fallout from last week's market turbulence. The worst-performing fund was Aberdeen Global European Equity Ex UK, which gets the unflattering crown after it suffered a 6.19 per cent loss over the month [...]
The collapse of satanic capitalism: Global economic analysis Isil-style September 1, 2015 At the end of a week in which financial markets experienced immense volatility, advice on the underlying, structural issues afflicting the global economy came from an unlikely source. While short-term concerns were soothed by comments from key figures at the US Federal Reserve, it was left to the so-called Islamic State (also known as Isil) [...]
Chinese financial crisis 2015: Is there cause to be upbeat about China at the moment? September 1, 2015 Mark Williams, chief Asia economist at Capital Economics, says Yes The collapse of China’s equity bubble doesn’t matter. One in 30 people in China owns shares, foreign ownership is tiny, and the implosion tells us nothing about economic trends. Focus on the economic data and the picture is not that bad. Property and heavy industry [...]
China stock market crackdown: Chinese government arrests nearly 200 over ‘illegal rumour-mongering’ August 31, 2015 City figures launched a broadside against China’s government last night, after authorities spent the weekend rounding up nearly 200 people deemed guilty of “illegal rumour-mongering”. Beijing appears to have lost faith in its ability to stem a decline in China’s shares through large-scale purchases. Instead, it has turned on traders, social media users and [...]
FTSE 100 closes higher after tumultuous week August 28, 2015 After a week spent yo-yoing between losses and gains, the FTSE 100 made up all its losses, closing at 6,247.9 points today – 0.9 higher than yesterday's close, and 60 points higher than it finished last week. Global markets were all hit on Monday after weaker than expected manufacturing data prompted fears of an economic [...]