Former adviser of British PM in full panic mode

A former adviser to Gordon Brown is in full-blown panic mode over China’s Black Monday, and has urged people to stock up on canned goods and bottled water as stock markets around the world slide.

Damian McBride appeared to suggest … Read the rest

China believes hostile short-sellers caused panic

A recent sell-off in China’s stock markets is the first major challenge facing the country since the introduction of margin trading, and is believed to have been caused by hostile short-sellers.

In a report on the Chinese news site ifeng.com, … Read the rest

Shares fall and gold rises as global worries mount

Shares across the world fell sharply on Friday, pushing a global index to a six-month low, as investors worried about the prospect of a widespread economic slowdown while U.S. monetary stimulus nears its end.

Assets which depend on economic growth, … Read the rest

US indexes hit record highs

It was another good week for the stock market. The Dow Jones industrial average and Standard & Poor’s 500 index both ended Friday at record highs. It was the third consecutive day the S&P 500 index reached a new record, … Read the rest

Central Banks are buying stocks

The FT reports that “a cluster of central banking investors has become major players on world equity markets.”

The report, to be published this week by the Official Monetary and Financial Institutions Forum (OMFIF), confirms $29.1tn in market investments, held … Read the rest

Shares fall on European debt worries

(Reuters) – Asian shares fell on Thursday after a weak Spanish bond sale heightened concerns about funding difficulties for weaker euro zone countries, further undermining sentiment hurt by fading expectations of more stimulus from the U.S. Federal Reserve.

MSCI’s broadest … Read the rest