According to London (AFP) - Europe's stock markets fell by more than one percent at the open on Wednesday despite gains in Asia, European stocks still in gloomy, as investor enthusiasm waned over China's interest rate cut. And maybe more action plan to support the China's economy growth
On live report, In initial trade, London's benchmark FTSE 100 index lost 1.30 percent to 6,002.28 points, Frankfurt's DAX 30 tumbled 1.69 percent to 9,956.85 and the CAC 40 in Paris sank 1.44 percent to 4,499.23 points. All time low on European stocks
European markets had rebounded Tuesday after China cut interest rates in an attempt to boost the flagging Chinese economy, which had sent markets into a tailspin on Monday.
Meanwhile New York Wall Street also rallied on the news but optimism soon fizzled and New York ended with sharp losses and more deeper stocks losses
US stock market The Dow Jones Industrial Average sank 1.29 percent as the market remained jittery over China after recent stock gyrations, especially Monday, when the Dow tumbled more than 1,000 points at one stage.
Stocks analyst said "The equity market rollercoaster continues," by TrustNet analyst Tony Cross. "It's Wall Street's slump... that appears to be setting the pace for the UK market and, as is often the way after these excessive moves, this volatility appears likely to be with us for some time yet."
But at the opposite direction, On the upside, Asian equities pushed higher Wednesday after China's rate cut -- aimed at soothing fears about stalling growth in the world's number-two economy -- but more volatility was forecast in a crisis that has panicked global markets.
As we knew it before, China's central bank reduced interest rates on Tuesday and slashed the amount of money banks need to hold in reserve -- its second such double move in two months -- in a bid to stimulate growth. And to boost stocks market in China
Growth parameters and The measures are not only expected to help boost cash flow in China, but also revive confidence that Beijing can steer the world's second-largest economy away from a hard landing and keep global growth on track
Source : AFP
On live report, In initial trade, London's benchmark FTSE 100 index lost 1.30 percent to 6,002.28 points, Frankfurt's DAX 30 tumbled 1.69 percent to 9,956.85 and the CAC 40 in Paris sank 1.44 percent to 4,499.23 points. All time low on European stocks
European markets had rebounded Tuesday after China cut interest rates in an attempt to boost the flagging Chinese economy, which had sent markets into a tailspin on Monday.
Meanwhile New York Wall Street also rallied on the news but optimism soon fizzled and New York ended with sharp losses and more deeper stocks losses
US stock market The Dow Jones Industrial Average sank 1.29 percent as the market remained jittery over China after recent stock gyrations, especially Monday, when the Dow tumbled more than 1,000 points at one stage.
Stocks analyst said "The equity market rollercoaster continues," by TrustNet analyst Tony Cross. "It's Wall Street's slump... that appears to be setting the pace for the UK market and, as is often the way after these excessive moves, this volatility appears likely to be with us for some time yet."
But at the opposite direction, On the upside, Asian equities pushed higher Wednesday after China's rate cut -- aimed at soothing fears about stalling growth in the world's number-two economy -- but more volatility was forecast in a crisis that has panicked global markets.
As we knew it before, China's central bank reduced interest rates on Tuesday and slashed the amount of money banks need to hold in reserve -- its second such double move in two months -- in a bid to stimulate growth. And to boost stocks market in China
Growth parameters and The measures are not only expected to help boost cash flow in China, but also revive confidence that Beijing can steer the world's second-largest economy away from a hard landing and keep global growth on track
Source : AFP
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