On Thursday, China markets halted again, Brent below $33 a barrel | FirstFT - Published Jan 7, 2016 (London): Josh de la Mare on Thursday's top stories from around the world, including :
- Brief Chaotic session for Chinese equities, global markets fall in response;
- Brent crude falling below $33 a barrel;
- Netflix launching in 130 more countries.
China's 29 Minutes of Chaos: Stunned Brokers and a Race to Sell - Bloomberg Business: "...With share prices going into free fall almost as soon as local exchanges opened, market gurus at Huaxi Securities Co. were at a loss to explain why. One manager of $46 million in Shanghai liquidated all his holdings. Other investors, including a top-performing hedge fund, tried in vain to cash out as circuit breakers brought trading to an abrupt halt..." - see also: U.S. Stocks Join China-Fueled Equities Rout as Crude Declines - Bloomberg BusinessLess than half an hour. That’s how long China’s stock markets were open... https://t.co/1PKQJ7KPB8 pic.twitter.com/NUaMbjPZJd— Bloomberg Business (@business) January 7, 2016
Above video: These Forces Control 2016 Markets - Alan Levenson of T. Rowe Price explains how central bank moves and China's slowdown will affect the global economy, and why economic growth may pick up slightly. (6 Jan 2016 - source: Barron's)
Caveat: Watch China's markets Friday
Will China's market chaos lead us into a recession in 2016?
See also on Domain Mondo: Markets In Mainland China Slammed Shut, Global Markets Tumble (video)