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Market is Stabilizing or Crashing? Opportunity or Disaster?

9/2/2015

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Market is stabilizing or crashing, opportunity or disaster?
You decide

Article credited to therakyatpost.com
Referred from http://www.therakyatpost.com/business/2015/09/02/asian-stock-markets-stabilising-after-china-oil-rout/


ASIAN STOCK MARKETS STABILIZING AFTER CHINA, OIL ROUT
TOKYO, Sept 2, 2015: 

Asian shares got off on the back foot on Wednesday after weak manufacturing activity reports from both the US and China sent Wall Street reeling, while the US dollar steadied after steep losses.

US S&P e-mini equity futures were up 0.7%, suggesting that some calm could return to markets later in the global day.

Data showing US factory activity hit a more than two-year low in August added to an already grim mood, coming on the heels of a survey showing China’s manufacturing sector shrank at its fastest pace in three years last month.

MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.4% in early trade, while Japan’s Nikkei stock index shed 0.8%.

Investors were braced for volatile day in Chinese equities markets, the final trading day before a two-day holiday to commemorate the end of World War II.

Yesterday, the blue-chip CSI300 index and the Shanghai Composite Index both finished lower, though off their respective steep session lows.

The downturn in markets is based less on rising fears that China’s economy is slowing but is “more that the policy initiatives seem engineered on a daily basis and the plans seem to lack a cohesive, well thought-out process,” Chris Weston, chief market strategist at IG, said in a note.

Last month, Beijing stunned markets with a move to let its currency devalue.

A senior Treasury official urged China to carefully explain its policy changes to financial markets and to shift its economic focus toward consumer spending so that its economy can keep growing.

China’s central bank plans to tighten rules on trading of currency forwards from October, said sources with direct knowledge of the matter, in a move to curb speculation and volatility after last month’s sudden devaluation.

On Wall Street yesterday, US stocks fell nearly 3%, with all three major US equity indexes solidly in negative territory for the year so far.

The downbeat US factory figures made it appear less likely that the US Federal Reserve would opt to hike interest rates at its next meeting later this month, with Friday’s nonfarm payrolls report for August awaited to provide more timing clues.

Economists expect the report to show US employers added 220,000 jobs in August, up from 215,000 in July, a Reuters poll found.

Expectations of an eventual increase to US interest rates underpinned the battered dollar, which steadied early today after dropping in the previous session as investors bought the perceived safe-haven yen and unwound speculative positions funded in euro.

The US dollar was last up about 0.4% at ¥119.8, after skidding more than 1% overnight and moving away from last week’s high of ¥121.76, while the euro slipped about 0.2% to US$1.1299.

Crude oil futures continued to drop after plummeting 8% overnight after the weak Chinese manufacturing data raised fears of slowing demand.

US crude was down 2.2% at US$44.40 a barrel, while Brent fell 1.7% to US$48.74.

Spot gold edged down slightly to US$1,138.60 an ounce after rising 1% in the previous session as the US dollar dropped.

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  • Home
  • New Property Launch
    • Best Investment 2022 PJ Damansara Low Risk Low Entry Price High ROI
    • 2022 PJ Rumah Mampu Milik RM270k Damansara
    • Bangsar South 2 Rooms from RM390k BELOW Market Price
    • 10% ROI PJ Project near Ikea and One Utama Mall
    • Mid Valley Seputeh New Launch
    • Pavilion Damansara Heights 柏威年 白沙罗岭 马来西亚 吉隆坡 精选楼盘
    • 马来西亚RM300千的PJ屋子-首购族,年轻人月入3千能买房
    • 2021 Penang Most Awaited Project
    • 2021 New Launch - KL Metropolis
    • 2021 PJ Spacious and Affordable 5 Star Condo
    • Freehold LRT Linked 3 Room Suites in Glenmarie
    • New SPACIOUS Kepong Landed 6 Room 6 Bath
    • Bangsar Last Piece Land New Launch
    • Avara Seputeh (Mid Valley)
    • Project Announcement Registration. Malaysia New Property Launch
  • Existing & Past Project
    • 2020 Lowest Risk & Price in Klang Valley with Great ROI
    • Kiara East Suite Dex
    • 2019 SAFEST PROFITABLE HIGH CASHBACK INVESTMENT
    • Best Property Investment Projects in 2018
    • KL City Freehold Spacious Affordable 3 room Project
    • Jalan Kuching Freehold New Office & Shoplot
    • Jalan Ipoh New Freehold Shoplot & Offices
    • RM300k KL Sentral New Prelaunch
    • The Olive Condo, Sunsuria City
    • Prelaunch Landed House Bukit Rahman Putra
    • RM260k No Downpayment Puchong South Suites
    • PJ North RM400k High Cash Back Project
    • Denai Sutera @ Alam Sutera, Bukit Jalil
    • First Phase of Banting New Township
    • Neu Suites 3rdNVenue @ Embassy Row by Titijaya & CREC
    • COURT 28, Jalan Ipoh KL City New Property Launch Service Apartment. Malaysia New Property Launch
    • Semanja Kajang New FREEHOLD Kajang Double Storey Houses. Malaysia New Property Launch
    • M Suite @ Desa Park North
    • BIJI LIVING @ Sek 17 PJ City by Conlay. Malaysia New Property Launch
    • Amani Residence Bandar Puteri Puchong New Freehold Service Apartment. Malaysia New Property Launch
    • SFERA RESIDENCY @ Puchong South. Malaysia New Property Launch
    • KL North Last Release
    • PreLaunch Freehold Double Storey
  • LAND
  • News & Articles
    • Educational Articles
    • Ho Chin Soon Greater KL Map Sharing
  • Other Reference Link & Services
    • Land Sale Malaysia
    • Malaysia New Property Launch
    • Lets Buy Property Malaysia
    • Other Professional Services
  • Referral
  • Career
  • MPIG
    • About Us
    • Contact Us
  • Get Professional Advice
  • PJ八打灵2021全新地产项目分析手册