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China Devaluation Rattles Investors

August 13, 2015 : Permanent Link

(Financial Times) Stocks and emerging market currencies are in retreat, while traders seek safety in Treasuries as the impact of China’s decision to devalue the renminbi continues to reverberate through markets. The mood in equities is decidedly sour. The pan-European FTSE Eurofirst 300 is down 2.7 per cent after a weak performance from Asia bourses, while in New York the S&P 500 is following up the previous session’s 20-point loss with another 27 point decline to 2,056.

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