China’s volatility in focus

China’s volatility in focus

China’s volatility in focus A report in the FT over the weekend suggested that China may be about to end its stock-buying program and focusing on those who are destabilizing the market instead. The news led to cautious trade in Asia with most major indexes closing lower, although Shanghai managed a mild gain.

European indexes are also trading lower so far with the French and German markets down more than 1 per cent. London is closed for a public holiday.

North American markets are set to open lower on the Asian concern and following comments from the Fed’s Stanley Fischer which led to analysts forecasting a later rise in interest rates.
 
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North America (previous session)
US Dow Jones 16,643.01 (-0.07 per cent) -5.92 per cent -2.66 per cent
TSX Composite 13,865.07 (+0.71 per cent) -4.17 per cent -11.27 per cent
 
Europe (at 6.15am ET)
UK FTSE 6,247.94 (+0.90 per cent) -6.70 per cent -8.38 per cent
German DAX 10,187.61 (-1.08 per cent) -9.92 per cent +7.58 per cent
 
Asia (at close)
China CSI 300 3,366.54 (+0.73 per cent) -11.79 per cent +43.97 per cent
Japan Nikkei 18,890.48 (-1.28 per cent) -8.23 per cent +22.47 per cent
 
Other Data (at 6.15am ET)
Oil (Brent) Oil (WTI) Gold Can. Dollar
48.72
(-2.66 per cent)
44.26
(-2.12 per cent)
1132.20
(-0.16 per cent)
U$0.7548
 
Aus. Dollar
U$0.7126