You are here: Home - Saving & Banking - News -

Markets are calming after attack of Chinese frenzy

Written by:

The world’s stock markets were quieter on Wednesday in the wake of last week’s massive sell-off in the saving and investment community, sparked by regulatory fears surrounding the Shanghai index and the outlook for the US economy.

The German and French exchanges – particularly badly hit by bearish sentiment – rose back to accustomed levels.

London steadied after a poor start to finish the trading day ahead on the numbers, and with saving and investment sentiment said to be “much calmer”.

Many City observers agree that the worst is now over and that sound fundamentals, especially healthy corporate earnings and a benign economy, will buoy the market for the foreseeable future.

But some analysts sounded a note of caution. “People keep saying that everything in the garden is rosy,” said a senior trader at one City of London investment house.

“Yet there are persistent anxieties about the health of the US economy troubling the saving and investment community at the moment.

“The prospect of a soft landing for the US economy have been dented somewhat by the reality of the situation, particularly the high default rate on mortgages there, which many of the banks are making provision for in their balance sheets.”





Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Rogue trader Leeson still up for a punt ‘with own money’

The ‘bete noire’ of the UK investment world - Nick Leeson - has resurfaced and confirmed in an interview with...