8-24-2015 Economic Times
24
Aug
GLOBAL
Five charts that prove this selloff is serious
Stock markets around the world seem to be already in confirmed selloff territory or very close to it.
Read more: http://www.cnbc.com/id/102941566
World markets plunge as sell off continues
http://money.cnn.com/2015/08/23/investing/world-stock-markets/index.html
Week Ahead: Markets seek clarity from China, Fed
Stocks start the week on a nervous footing, with traders looking for signals from both China and the Fed to turn the tide.
Read more: http://www.cnbc.com/id/102939464
USA
Bad news: Even after panic, stocks aren’t cheap
Even after a horrendous week, the market is still trading at rich valuations. That may keep the bulls on the sidelines in the week ahead.
Read more: http://www.cnbc.com/id/102933386
CHINA
China stocks suffer biggest one-day fall since global financial crisis
SHANGHAI (Reuters) – Chinese stocks plunged more than 8 percenton Monday in panic selling, with flagship indexes smashing key support levels and posting their biggest one-day percentage losses since the height of the global financial crisis in 2007.
Turmoil latest: Shanghai suffers worst day since 2007
Markets started the week with more bruising losses, as China’s Shanghai Composite plunged over 8 percent.
Read more: http://www.cnbc.com/id/102937904
China reacts: Markets are like cheating boyfriend
Users posted thousands of anguished comments on Weibo, the popular Chinese social media platform, as the country’s indices plunged.
Read more: http://www.cnbc.com/id/102941427
ASIA
Week ahead: Asia looks to Big Three economiesChina stocks suffer biggest one-day fall since global financial crisis
Events in the world’s three biggest economies – the U.S., China and Japan – will hold sway over Asia’s financial markets this week.
Read more: http://www.cnbc.com/id/102941049
EUROPE
Next euro zone fight: France vs. Germany on tax
Are French Socialists becoming supply-siders, and swapping economic gurus in the process? And how will Germany respond?
Read more: http://www.cnbc.com/id/102941032
Russia pressures exporters to sell foreign currency
The Russian government has resumed pressure on exporters to sell foreign currency, the Financial Times reports.
Read more: http://www.cnbc.com/id/102940657
European Stock Selloff Intensifies as DAX Heads for Bear
The European stock rout is getting worse as equities tumbled for a fourth day and Germany’s benchmark gauge headed for a bear market
EMERGING MARKETS
Emerging Stocks Drop Most Since 2011 on China Economy Concerns
The rout in emerging-market assets deepened amid a global selloff, with stocks heading for the biggest drop in four years and a gauge of currencies sinking to a record.
The MSCI Emerging Markets Index tumbled 4.2 percent to 778.68 at 9:12 a.m. in London, a seventh day of losses. The Shanghai Composite Index plummeted the most since 2007 and a Chinese gauge of Hong Kong-traded shares slid 5.8 percent. Philippine shares sank 6.7 percent. South African equities fell the most in five years as the rand tumbled to a record versus the dollar. Russia’s ruble depreciated 2.5 percent. Malaysia’s ringgit weakened to the lowest level since 1998.
OIL
US crude falls below $40 to hit Feb 2009 low
Brent and U.S. crude oil futures hit fresh 6-1/2-year lows on Monday to drop below the latest supports of $45 a barrel and $40 a barrel each as investors fretted that a slowing Chinese economy will lead to weaker demand amid a global supply surplus.
Read more: http://www.cnbc.com/id/102941047