8-28-2015 Economic Times

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Aug
28 Aug 2015 In GLOBAL ECONOMIES Comments Off on 8-28-2015 Economic Times
GLOBAL
Global equity funds witness biggest-ever exodus
Investors yanked $29.5 billion out of global equity funds in the week that ended Aug 26, the biggest single-week outflow on record as markets around the world over went into meltdown mode, according to data from Citi.
China’s ‘QT’ is the real global economic threat
Investors have been agonizing over how big a threat China poses to the global economy, but they may be looking in the wrong place.
US
Wall Street seen lower after rock-and-roll week
U.S. stock index futures fell early on Friday, as the rocky ride in global markets continued.
CHINA
PBOC official: The Fed’s wronged us
Fears over a U.S. rate rise may have sparked a global stock market rout rather than the yuan devaluation, a senior Chinese central bank official said.
Chinese shares have ended the week almost 8% lower after volatile trading that started on Monday with shock losses and spread fear to global markets.
Jim Paulsen: THIS is the root of the market swoon
While many people peg the plunge to wild swings in Chinese equities and the drop in oil prices, strategist Jim Paulsen cites a more fundamental reason.
A cheaper yuan actually boosts these HK stocks
The renminbi’s devaluation has hit the Hang Seng Index hard, but there are still plenty of beneficiaries out there.
Shanghai Composite widens gains to 5% in final half-hour
China’s benchmark Shanghai Composite ended nearly 5 percent higher with gains accelerating in the final half-hour of trade.
OTHER GREECE NEWS
Greece’s top Supreme Court judge Vassiliki Thanou is named caretaker prime minister ahead of early elections in September.
OIL
Oil soars 9% as deep shorts scramble for cover
Oil rocketed higher Thursday in one of the biggest one-day rallies in years as news of diminished crude supplies set off a short-covering surge.
What Texas drillers are saying about $40 crude
Fluctuations in the price of oil are uniquely felt in West Texas, where life and the economy revolve around black gold.
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What Texas drillers are saying about $40 crude

Fluctuations in the price of oil are uniquely felt in West Texas, where life and the economy revolve around black gold.
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CHINA
A cheaper yuan actually boosts these HK stocks
The renminbi’s devaluation has hit the Hang Seng Index hard, but there are still plenty of beneficiaries out there.
ASIA
Asia stocks extend recovery as China, US gains soothe nerves
Asian stocks extended their recovery into the final trading day of the week as investors cheered a second day of gains in Chinese and U.S. markets.

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