Markets in deep red Milan gives 4%, overlooking Asia – AGI – Agenzia Journalistic Italy

11:36 August 24, 2015

(AGI) – Shanghai, August 24 – The big correction triggered by concerns about China, where ‘the financial bubble burst and the economy shows signs of slowing. European stocks open in peak, Milan the FTSE Mib index marks -3.62% to 20,958 points. Frankfurt and Paris gives 3% going down ‘by 3.5%.
Asian stocks plummet down on worries over slowing Chinese dell’econiomia.

The Shanghai Stock Exchange now loses ’8%, after falling by 9% and have virtually eliminated the guadagnio beginning your year, dragging dive all Asian markets. In China, the price list and ‘precipitated by the lack of action by the authorities to contain’ in Beijing. The fall, however, and ‘dampened by the limit of 10% laid down by the Shanghai Stock Exchange. Tokyo down -4.61%, Hong Kong ends its run down 5.2%, -2.47% in Seoul, Sydney June ’4%, Jakarta 4.3%, Taiwan 4.8 % to a minimum of three years. China’s central bank and ‘ready to introduce new liquidity’ in the financial system by cutting the reserves that banks are required to set aside to ensure their activities’. This was revealed by the Wall Street Journal, citing people familiar with the institute and consultants of the central bank, according to which the required reserves could be reduced by half a percentage point, releasing more than one hundred billion dollars.

The collapse of Asian markets flies the euro and also the yen, that ‘the currencies considered safe havens. The European currency is changing hands at $ 1.1445, after a top six and a half months of $ 1.1597. Euro / yen to 138.57 and the dollar / yen to minini by a month and a half to 120.71. The Australian dollar, often considered a top row of liquidity ‘Chinese falls to its lowest in six years on the greenback 0.7201

Very bad oil also fear the slowdown of the Chinese economy and the collapse Asian stock markets, sending oil prices to spike, which already ‘crossed a bearish trend for the excess supply on the markets. In Asia, the future of light crude WTI and Brent down to a minimum of six and a half years, respectively, $ 39 and $ 44.24 per barrel.