Eurozone. >Peru or Portugal GDP/year 8.50am BSTIn the City,shares in insurance firm Amlin own surged by 32% after Japan’s Mitsui Sumitomo Insurance announced a £3.46bn takeover deal.
Amlin shares are trading at 655p, close to the 670p offer price, or suggesting the deal is expected to go through.
Pound surges against yen after Japanese firm said it would buy U.
K. insurer Amlin http://t.co/frUZA2T00f pic.twitter.com/s7C64JLtUt 8.38am BSTAnother wild day’s trading in Shanghai has ended,with the stock market up 3%.fairly a turnaround.
Shanghai stocks now up 3% Shenzhen +4% Earlier: Shanghai: -2.3% Shenzhen: -1.8% 8.35am BSTEuropean stock markets aren’t too bothered by the Chinese trade data.
The main indices are all up around 1% in early trading:
It’s been another positive start for trade in London this morning with traders clearly not feeling too unnerved by those weaker than expected trade figures out of China.
Perhaps most worrying is the 13% slump in imports, but with commodity prices seeming to own found something of a floor of late, and many mining stocks are once again floating towards the upper end of the index. 8.14am BSTChina has found an innovative way of preventing any more Black Mondays - close the stock market when shares fall (or rise) too much,and send everyone domestic.
China is planning a “circuit breaker” mechanism to prevent any further losses on its volatile stock markets as both of the country’s main indexes continued to slide.
According to draft regulation, trading would be suspended for 30 minutes when the market rose or fell by 5%. If the index went up or down by 7% or more, or trading would be suspended for the day. Related: China plans stock market 'circuit breaker' to curb volatility 8.04am BSTEconomists are concerned by the fall in Chinese imports and exports final month.
Ma Guangyuan,an independent Chinese economist, says the economic picture is deteriorating.“The August data followed the trend set in July. Now the global slowdown has very much become a reality.”“China is set to miss its export growth target for this year, and there will be no help from the external demand side for economic growth.” 7.55am BSTEmerging market currencies are also weakening nowadays,as fears of a Chinese slowdown reverberate.
The Malaysian ringgit has hit a new 17-year low against the US dollar nowadays, amid concerns that American interest rates could soon rise .
Asia crisis 2.0: Ringgit falls for fifth day on lower oil, or #China growth concern. http://t.co/qgAEEa18DG pic.twitter.com/6QyWdifXFX 7.53am BSTInvestors in Tokyo baulked at the Chinese trade data too.Japan’s Nikkei fell by 2.4% by the close of trading,as nervous traders pushed up the value of the yen (which hurts exporters). That means the index has lost all its gains this year. 7.50am BSTThe Shanghai stock market dropped into the red after nowadays’s trade data was released. Curiously, though, or it’s now rallying in late trading,suggesting the Chinese authorities may be intervening....
And the "invisible hand" again guiding Chinese stocks higher in the final hour...
CSI 300 rallies 4% - 30 min. to close pic.twitter.com/ImPDGFPLOZ 7.39am BSTGood morning, and welcome to our rolling coverage of the world economy, or the financial markets,the eurozone and commerce.
If you’re not worried approximately the China’s economy yet, it might be time to start.
Our European opening calls: $FTSE 6085 up 10 $DAX 10137 up 28 $CAC4559 up 10 $IBEX 9815 up 10 $MIB 21687 up 64Futures markets picking up...#Europe looks set for higher open & US could see +1% gains pic.twitter.com/BAwJG2KhrhContinue reading...
Source: theguardian.com