Discussion in 'Markets & Economies' started by Peter, Jul 7, 2015.
SSE composite index down 48.8674% since 1st October 2007.
Time to crack out the monthly chart in just about every tradeable asset class
Don't worry, Yellen will be coming back on T.V., and parading her croonies to say, 'we've had a change of heart.' They will not raise, heck, as Schiff has said, they may implement QE5 and go negative.
After only 15mins of trading.
lol china is now removing the circuit breakers, tomorrow should be interesting
China suspends circuit breaker - http://www.bbc.co.uk/news/business-35253188
China market turmoil hits global shares - http://www.bbc.co.uk/news/business-35248798
Rush selling expected friday in china.
I expect them to inject a massive amount of liquidity into the market before opening. May strengthen the Yuan exchange trying to seek stability
I'm with Caput. Covered my short before China opens.
It bought them all of about 15 minutes....
Where is the best (free) place to get live SSE data? All my stuff is delayed.
I'm watching the FTSE A50. Opened 2.5% higher then dropped to -1% but is now climbing again
Do you know if the govt intervened or whether it was a legitimate market bounce (dead cat or otherwise)
They strengthened the Yuan fix by 10 basis point, the first time in 9 days which is helping giving their market a boost. Not sure if they directly injected cash
The efforts from the Chinese government reminds me of a lone man waving a red flag trying to stop a stampede.
It's my understanding that the Chinese government are buying shares via pension funds to drive up the price.
A volatile morning in China.
It feels like it's hanging in the balance right at the moment. My gut tells me China will stabilise today and then the US (and others) will rebound overnight. But I also expect renewed selling sometime next week.
US non-farm payrolls will influence the markets tonight. So long as the numbers aren't terrible, I'm expected a bit of a rebound in the share markets and USD as they are oversold over the past few sessions. However the more the USD strengthens, the more likely China will have to devalue the Yuan fix next week given the Yuan's peg to the US dollar.
Finishs up 2%
The plunge protection team will stop any major falls in Wall St.
Regards Errol 43
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