Continuing on from the weak finish to last week, stock markets around the world are under pressure once again as the new trading week begins. Fears that the Fed could confirm its hawkishness at this week’s Jackson Hole Symposium has
Equity markets have entered the first of two holiday-shortened trading weeks in reverse gear. Overnight the Peoples Bank of China announced a small but significant 5 basis point cut to its benchmark rate to 3.80%. Investors who haven’t already checked
Two events out of China have combined to rattle investors overnight. First, Thursday passed without any word from Evergrande over when or whether it plans to make an interest payment on USD denominated bonds (which are widely believed to be
Although yesterday’s morning rebound faded into a mixed close for US markets yesterday that saw the Dow lows 0.2% and the NASDAQ gain 0.2%, US index futures are trying to regain their footing again this morning with gains of 0.3%-0.5%.
Having quickly adapted to growing financial risks at China’s Evergrande, the selling pressure which enveloped world markets has eased somewhat as investors wait for the next shoes to drop. Tonight, the Peoples Bank of China and the Bank of Japan
Weekend business news has been dominated by financial problems at Evergrande, one of China’s largest real estate companies, who is struggling with over $300 billion in debt and appears close to missing an interest payment. Fears that this could potentially