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Global stocks tumble as 2016 trading begins

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    It is a Happy New Year for the stock markets bears today. A sharp sell-off in Chinese stocks saw the Shanghai Composite drop almost 7 per cent overnight, triggering a trading halt there. The selling continued in Europe where the German DAX index was off about 4% at the time of this writing, causing US index futures to further widen their overnight losses. The risk off trade was trigged first and foremost by disappointing manufacturing data out of China overnight and increased geopolitical

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