Link to news story.
Showing posts with label global economy. Show all posts
Showing posts with label global economy. Show all posts
Friday, February 12, 2016
Monday, August 24, 2015
The Australian Stock Market dropped 2.5% in the first 20 minutes
"The Chinese Stock Market dropped 7% just an hour after opening, and the ripple effects are starting to be seen worldwide as markets open"
The benchmark S&P/ASX 200 and the All Ordinaries indices fell more than 2.4 per cent within the first 20 minutes of trade today.
CommSec chief economist Craig James said that despite the uncertainty on global markets, the US and Australian economies remained in good shape.
He also believed worries about Greece and China were over-rated.
"At present, we would view the global sharemarket correction as a correction we had to have - a situation that will be beneficial in injecting more value into markets," Mr James said.Via Reddit
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