Slower Chinese growth

FOMC and Overnight Data Put Markets in a Very Foul Mood

August 11, 2010

A fresh spike in risk aversion has depressed stocks, oil and sovereign bond yields and sent the dollar and yen higher. Equities plunged 2.7% in Japan, 1.9% in Australia, 1.2% in Singapore, 1.3% in South Korea, 1.0% in Taiwan, 0.8% in India and Hong Kong, and 0.7% in Indonesia.  Europe is performing very badly, with […] More