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European Market Update: Shanghai Close Into Bear Market Territory Weighs Upon Risk Sentiment

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jan 15, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    Risk aversion theme continued to weigh upon global sentiment as WTI prices dipped back below $30/barrel following continued soft Chinese data. Shanghai Composite closed lower by 3.6% at 2,900 to formally enter bear market territory. This prompted unwinding of carry-related pairs (higher Euro and yen) as equities markets sold off[​IMG]

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