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Market turmoil: shares slide again as recession fears grow - business live

Discussion in 'Market News' started by Lily, Feb 11, 2016.

  1. Lily

    Lily Forum Member

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    Hong Kong’s stock market is heading for its worst start to the Lunar New Year since 1994, as warning lights flash on the global economy


    7.58am GMT

    It’s never great returning to work after a holiday. But the mood in Hong Kong was particularly grim, as investors watched shares tumble.

    ”I think this is going to be a difficult year for investors and even a fledgling U.S. economic recovery looks to be snuffed out by global markets development.”

    “There is very little good news and continuous bad news and this is a test of market confidence.”

    7.46am GMT

    Hong Kong’s stock market is suffering its worst start to the Lunar New Year since 1994.

    A wave of selling has hit shares as traders return to their desks after this week’s holiday.

    Hong Kong stocks fall after long holidayhttps://t.co/eqnIQLt8OO pic.twitter.com/nNUDL7naLo

    Hong Kong stocks see the worst start to a Chinese New Year since 1994 https://t.co/IfLOkStTA2 pic.twitter.com/ipo3DQucd6

    “What started in January as mainly China based worries has clearly broadened back out to concerns about global growth”

    7.23am GMT

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

    There’s no end in sight to the market turmoil. European stocks are expected to fall at the start of trading, with worries over the global slowdown centre-stage again.

    Our European opening calls:$FTSE 5615 down 58
    $DAX 8876 down 141
    $CAC 3995 down 66$IBEX 8018 down 126$MIB 16457 down 257

    Related: Janet Yellen hints further rate rises on hold amid plunging markets

    • Riksbank rates (0830GMT), Greek unempl (1000GMT)
    • Eurogroup meeting of EZ finmins
    • Yellen part 2
    • UK MPs question Google &tax officials

    Continue reading...
     

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