Chinese stock market tumbles 6% to 13-month low as rout continues - business live

Discussion in 'Market News' started by Lily, Jan 26, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Rolling coverage of events across the world economy and the financial markets, as the Shanghai market posts heavy losses again

    7.28am GMT

    The crude oil price has lurched back through $30 per barrel.

    Brent crude has slumped by 3% this morning, and is changing hands at $29.61 per barrel.

    Oil drops below $30 again

    The fall in oil prices will make most of the headlines and drive most of the movement in markets today, unless it is reversed for no particularly good reason. The latest driver is the news that Iraqi oil output is strong. US production remains the key swing on supply and is what will eventually trigger a turn. But it will take hard news about declining US output to shift the market mood.

    7.07am GMT

    Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

    It looks like being another ‘challenging’ day in the markets.

    Last weeks rally a distant memory. Nikkei ends down 2.4% at 16708.90 while Yen strengthens beyond 118 per Dollar.

    Our European opening calls: $FTSE 5814 down 63 $DAX 9627 down 110 $CAC 4261 down 51 $IBEX 8475 down 93 $MIB 18448 down 193

    Continue reading...

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