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Global shares plunge at Chinese losses

Discussion in 'Banking - Investing - Finances' started by DavyL200, Aug 24, 2015.

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  1. DavyL200

    DavyL200 DI Forum Luminary ★ Global Mod ★ ★ Moderator ★ Highly Rated Poster Showcase Reviewer

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    Stock markets in London, Paris and Frankfurt have fallen sharply as fears of a Chinese economic slowdown continue to haunt investors.

    London's FTSE 100 index was down by 2.6% in morning trade, while major markets in France and Germany lost nearly 3%.

    Shares in Asia were hit overnight, with the Shanghai Composite in China closing down 8.5%, its worst close since 2007.

    The Chinese authorities tried in vain to reassure investors.

    In addition, oil prices have plunged to six-year lows, as traders worry about slowing growth in the world's second-largest economy
    Global shares plunge as Chinese losses rattle markets - BBC News
     
    DavyL200, Aug 24, 2015
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  2. Jack Peterson

    Jack Peterson DI Forum Luminary Highly Rated Poster SC Connoisseur Veteran Air Force

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    Did I nor hint at this when the news first Broke about Devaluation. You don't have to be a brain surgeon to smell Cash Flow Problems and I am still convinced this what it is all about. :unsure:

    JP :pompus:
     
    Jack Peterson, Aug 24, 2015
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  3. filipinogring

    filipinogring DI Junior Member

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    Tsunami is coming.

    Sent from my SM-G900F using Tapatalk
     
    filipinogring, Aug 25, 2015
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  4. OP
    OP
    DavyL200

    DavyL200 DI Forum Luminary ★ Global Mod ★ ★ Moderator ★ Highly Rated Poster Showcase Reviewer

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    • Informative Informative x 1
    DavyL200, Aug 25, 2015
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  5. Jack Peterson

    Jack Peterson DI Forum Luminary Highly Rated Poster SC Connoisseur Veteran Air Force

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    S..t Hitting fan time?:facepalm:

    JP :pompus:
     
    • Agree Agree x 1
    Jack Peterson, Aug 25, 2015
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  6. Rye83

    Rye83 with pastrami Admin Secured Account Highly Rated Poster SC Connoisseur Veteran Army

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    Nah, China will continue to keep their factories open and producing junk product. The world will carry on.
     
    Rye83, Aug 25, 2015
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  7. Jack Peterson

    Jack Peterson DI Forum Luminary Highly Rated Poster SC Connoisseur Veteran Air Force

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    So Tomorrows still on then :roflmao:
    Oooooooooooops sorry, couldn't resist this one :wink:

    JP:sorry:
     
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    Jack Peterson, Aug 25, 2015
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  8. jimeve

    jimeve DI Forum Luminary Highly Rated Poster Showcase Reviewer Veteran Army

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    Got a good rate today £1 = P 72.202. Much obliged China keep the good, not so good, shabby work :biggrin:
     
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    jimeve, Aug 26, 2015
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