8-28-2015 Economic Times
28
Aug
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.
Read more: http://www.cnbc.com/id/102953842
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.
Read more: http://www.cnbc.com/id/102952355
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.
Read more: http://www.cnbc.com/id/102954361
US growth revised upwards http://www.euronews.com/2015/08/27/us-growth-revised-upwards/
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.
Read more: http://www.cnbc.com/id/102953847
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.
Read more: http://www.cnbc.com/id/102951151
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.
Read more: http://www.cnbc.com/id/102950665
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.
Read more: http://www.cnbc.com/id/102953659
OTHER GREECE NEWS
Greece’s first female PM sworn in http://www.euronews.com/2015/08/27/greece-s-first-female-pm-sworn-in/
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.
Read more: http://www.cnbc.com/id/102950301
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.
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.
Read more: http://www.cnbc.com/id/102950665
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.
Read more: http://www.cnbc.com/id/102953659