China’s second seven percent slump spooks markets
China’s stock market slumped by 7% for the second time this week, sending other indices around the world including the FTSE 100 down sharply as well.
China’s stock market slumped by 7% for the second time this week, sending other indices around the world including the FTSE 100 down sharply as well.
A new slide in Chinese stocks has prompted equities indices across Europe to plummet as trading in 2016 begins.
Investors will remember 2015 as a year spent trying to guess what major central banks around the world would do or say next.
Markets have welcomed confirmation of the widely expected first interest rate rise since the financial crisis, but all eyes have quickly turned to focus on what comes next.
China’s renminbi has been included in the special drawing rights currency basket, according to yesterday’s IMF executive board decision.
Fund Selector Asia compares the Fullerton Lux RMB Bond Fund with the ChinaAMC Select RMB Bond Fund.
63% of delegates at today’s Portfolio Adviser’s Expert Investor Emerging Markets event said they expect to increase their exposure to the asset class in the next year, up from 25% when the same question was asked in February.
China’s bid to have the renminbi included in the IMF’s Special Drawing Rights basket now has support from the head of the IMF and the US Treasury Secretary.
Extreme stimulus measures are likely to be deployed in China to contain the country’s credit issues, says Mark Harris, head of multi-asset at City Financial.
A slowdown in China is to be expected, but not a hard landing, meaning expectations on European equities are now too pessimistic, according to BlackRock’s Nigel Bolton.
The pressure to preserve world growth is moving from emerging to advanced economies, said Neil Williams, group chief economist at Hermes Investment Management.
The Chinese real estate market should improve in the fourth quarter, following a series of interest rate cuts, sources said.