Investors fret about the state of the world economy, as Australia’s economy falters and Chinese stocks drop again
- Summary: Shares up despite growth concerns
- Lagarde: Hopes for ‘orderly’ rebalancing
- Chinese stock market falls despite interventions
- Fears of new turmoil next week
- In Greece, Syriza’s lead narrows….
5.04pm BST
Some positive news for Greece:
International passenger traffic at the #Athens International Airport +17.1% in Aug & +19.9% in 8-mon. #Greece #economy #tourism @setegreece
5.01pm BST
Investors faced another volatile day on the markets, but after Tuesday’s declines, at least Europe ended in positive territory. Shares were drifting for much of the day, but traders took heart from a recovery in China after authorities intervened to support the market and help it regain most of its losses earlier in the session.
But later came a boost from – ironically – weaker than expected US jobs and factory data, which added to the idea that perhaps the Federal Reserve may not raise interest rates this month after all. (The Fed must surely also take into account the recent market turmoil caused by the devaluation of the Chinese currency and the growing fears over the outlook for global growth.)
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Source: The Guardian Circular Economy RSS