Reuters - The euro sank to four-year lows on Monday as stocks and commodities fell after disappointing U.S. jobs data and angst about euro zone debt problems fed fears the world economy may falter in its recovery.
LONDON, June 9 (Reuters) - World shares were within touching distance of an all-time high on Monday, spurred on by the potent combination of record low global interest rates and the improving health of major economies.
If yesterday morning, the key macro data was the current , and projected, weakness in China (whose record jump in FX deposits indicates fears about capital outflows are alive and well, and that the highest currency depreciation risk in 2015 is for none other than the Chinese currency), then overnight we got more economic data out of Europe that, at least for now, suggest that the collapse in the Euro is boosting European factory order, with German Industrial Production not only beating expectations, but the prior month being revised from 0.1% to 1.0% - the fifth consecutive increase in prod
Late yesterday, after Nobel peace prize-winning president Obama revealed his latest military incursion, years of pent up can-kicking almost caught up with futures, which dared to tumble by a whopping 0.7%, a move which hit Europe far more than the US, and shortly after Europe's open, the Euro Stoxx 50 Index dropped 10% from its 2014 high, marking an official correction in Europe where the Dax continues to be the key risk indicator, and which dropped as low as 8,903 before recovering to a drop of only 0.9% while German Bunds continues to print record highs day after day on f
It's officially Black Monday, if only in China for now. Black Monday! #ChinaStocks join global panic selloff, dive 8.5%, worst since Asian financial crisis at midday pic.twitter.com/nLHoFf34bV — China Xinhua News (@XHNews) August 24, 2015
Hong Kong (AFP) - Asian markets tumbled Tuesday following painful losses in New York and Europe while the euro sat near nine-year lows as political uncertainty in Greece fanned renewed fears it could leave the eurozone.
LONDON: Gold rose on Tuesday, recovering an earlier 1 percent slide on expectations the Federal Reserve will not lift U.S. interest rates this year, which helped push the dollar to three-week lows against the euro. Chinese trade data earlier gave a further sign the world's economic growth engine is sputtering, stoking fears over global growth and weighing on world shares. Spot gold was up 0.2 percent at $1,165.70 an ounce at 1355 GMT, off an earlier low of $1,151.16, while U.S. gold futures for December delivery were up 60 cents an ounce at $1,165.10.