Foreign Affairs

unhappycamper

(60,364 posts) Wed Sep 30, 2015, 09:21 AM Sep 2015

Global markets poised to log weakest quarterly performance in four years

http://www.theguardian.com/business/marketforceslive/2015/sep/30/global-stocks-markets-weakest-quarterly-performance-four-years-2011

An estimated $11tn has been wiped off value of world shares amid growing concerns over China’s flagging economy

Global markets poised to log weakest quarterly performance in four years
Nick Fletcher
Wednesday 30 September 2015 08.40 EDT

Global markets are heading for their worst quarterly performance since the depths of the eurozone crisis in 2011, with an estimated $11tn (£7tn) wiped off the value of world shares, despite an attempted rebound on the last day of September.

After a summer of wild swings, sparked by growing fears of a slowdown in China, leading shares have slumped from the record highs of a few months earlier, and are on track for their second quarterly decline in a row.

The MSCI All-country world index, which monitors 23 developed and 23 emerging markets, has fallen nearly 11.5% since 30 June, marking its poorest quarterly outcome since the three months to September 2011.

The FTSE 100 index, which hit a record high of 7103 in April, fell below 6,000 during the quarter and is down 7.6% over the three months. Again, this is its worst performance since September 2011 when it lost 13.7% during the quarter.

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Global markets poised to log weakest quarterly performance in four years (Original Post) unhappycamper Sep 2015 OP

Euro sags as euro zone inflation turns negative in Sept bemildred Sep 2015 #1

bemildred

(90,061 posts)

1. Euro sags as euro zone inflation turns negative in Sept

Reply to unhappycamper (Original post)

Wed Sep 30, 2015, 09:25 AM

Sep 2015

Can you say "deflation"?

The euro lost ground on Wednesday as data showing euro zone inflation dipped back into negative territory in September fueled expectations the European Central Bank will expand or extend its asset purchase program.

The euro fell 0.4 percent to $1.1205, and was down 0.7 percent against the British pound, although it remained on track for a quarterly gain against the dollar.

"A weak number was expected and bolsters expectations that the ECB may have to expand its asset purchase program from the 60-billion-euros-a-month to something larger, perhaps by year-end," said Richard Falkenhall, currency strategist at SEB.

"That is negative for the euro, but a lot depends on how stock markets behave. If stocks drop, then the euro is likely to be supported as they are going in opposite ways."

http://www.reuters.com/article/2015/09/30/us-global-forex-idUSKCN0RT2ZD20150930

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