21 Jan 2016
Stocks suffered through another volatile week last week, with selling intensifying on Friday. While China's currency stabilised, stocks are still facing pressure from a deteriorating credit market (partly a function of collapsing oil) and soft earnings.
Minutes from the European Central Bank's recent meeting suggest a willingness to contemplate further easing; unfortunately, that did not stop European equities from having a particularly bad week.
The People's Bank of China intervened last week, stabilising the RMB. However, Chinese stocks lost another 9%.
Oil prices continue to plummet, falling below $30/barrel. The plunge in oil and other commodities is pressuring everything from EM currencies to US and European
Join the Panacea community for free and recieve news, guides, whitepapers, event information, special offers and more!