World Market News

Worst US Stocks Loss in 4 Months and EU Summit

The US stocks plunged dramatically with Dow Jones losing over 200 points and NASDAQ down over 2%, making today the worst one-day loss in 4 months.  The main drivers for the significant drops were the bleak corporate earnings and a lack of progress at the EU two-day summit. The gains seen earlier in the week after earnings from Microsoft, General Electric and McDonald’s were short-lived and failed to meet expectations. Read more

Market News – China

Weekly Assessment and Outlook Report

China reported a trade balance surplus of 27.7 billion in September.  The country’s exports increased significantly more than expected as a result of exports to other emerging markets in the ASEAN region accounting to 10 percent rise year on year. According to the data released from China at the weekend, this is the fastest pace in three months. Read more