Sunday, August 23, 2015

Wall Street penalized by the performance of the Chinese economy – the Minute News

By 15:00 [hour from Lisbon], the Dow Jones industrial followed the retreating 0.93% to 16,833.99 points while the Nasdaq technological yielded 1.00% to 4828.55 points.

Also the broad index Standard & amp; Poor’s 500 followed the losing 0.81% to 2019.21 points.

Investors are apprehensive about China’s economy that continues “to be on the agenda” and influenced by negative global stock markets , analysts cited by Bloomberg financial news agency.

The release today of an indicator on manufacturing activity in China, which registered a contraction at the fastest pace since 2009, deepened “further” the investors’ fears about the slowdown in the Chinese economy growth, stressed.

The new data about the Asian giant industry “are to drag the red” bags, which during the week suffered heavy turbulence caused the devaluation of the yuan enacted by the Chinese Central Bank, the slowdown of the Chinese economy and the drop in raw materials, particularly oil.

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