The Lowdown on Markets to 14th August 2015

August 17, 2015 admin

The Lowdown on Markets to 14th August 2015

 

In this week’s issue

  • The Greek government and their creditors agree to a third bailout of €86 billion.
  • China surprises the markets with its biggest currency devaluation in two decades.
  • Stocks, currencies and commodities react to the PBOC announcement of devaluation.
  • The crude oil price dips below US$50 a barrel as the IEA state that oversupply will persist.
  • China announces its gold purchases for the second time in a month showing transparency.
  • Global markets suffer from the summer time blues as a number of headwinds take their toll.

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