European Market Update: Global Equities Sell Off On Geopolitical Tensions Whilst Data Comes...

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jan 6, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

    Sep 9, 2015
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    The yuan fell to five-year lows after Chinas central bank set the currencys reference rate at an unexpectedly weak level, a sign that policy makers are becoming more tolerant of depreciation as intervention costs rise and economic growth slows; weaker than expected Caixin services PMI data also adding to the[​IMG]

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