NewsFeeder
06-26-2018, 04:14 AM
Global Markets: Europe claws higher after China enters bear territory
Modest gains from Europe's main bourses relieved nervy investors on Tuesday, after the latest escalation in an increasingly global trade storm pummeled Wall Street and sent China into 'bear' market territory. A 0.3 percent rise from the FTSE in London and 0.4 percent gains from Frankfurt and Paris was a welcome sight after another bumpy Asian session had extended a sell-off that has now wiped $1.5 trillion off world stocks. China's yuan had slumped to a near six-month low against the dollar, while 0.5-0.8 percent fall on big share markets left them down 20 percent from their January peaks, a threshold that defines a 'bear' market.
https://finance.yahoo.com/news/asia-stocks-extend-global-slide-004525285.html?.tsrc=rss
Modest gains from Europe's main bourses relieved nervy investors on Tuesday, after the latest escalation in an increasingly global trade storm pummeled Wall Street and sent China into 'bear' market territory. A 0.3 percent rise from the FTSE in London and 0.4 percent gains from Frankfurt and Paris was a welcome sight after another bumpy Asian session had extended a sell-off that has now wiped $1.5 trillion off world stocks. China's yuan had slumped to a near six-month low against the dollar, while 0.5-0.8 percent fall on big share markets left them down 20 percent from their January peaks, a threshold that defines a 'bear' market.
https://finance.yahoo.com/news/asia-stocks-extend-global-slide-004525285.html?.tsrc=rss