Archive - Jul 27, 2015 - Story
Frontrunning: July 27
Submitted by Tyler Durden on 07/27/2015 06:41 -0500- Chinese shares tumble 8.5 percent in biggest one-day drop since 2007 (Reuters)
- Japan’s Economy Shrank Last Quarter, Top Forecaster Says (BBG)
- Creditor teams in Athens to work on third bailout (AFP)
- Tsipras’s Paradox Is Six Months of Pain and Enduring Popularity (BBG)
- Goldman-Backed Instant Messaging Company Seeks New Investment (WSJ)
- Best Buy will sell the Apple Watch on August 7th (Engadget) - when is it coming to Dollar General?
- Senate votes to revive Ex-Im (Hill)
- U.S.-Turkey Deal Paves Way to Set Up Buffer Zone in Northern Syria (WSJ)
RANsquawk Week Ahead - 27th July 2015: Will the Fed rate decision give any indication as to whether a September rate hike is on the table?
Submitted by RANSquawk Video on 07/27/2015 06:09 -0500Global Stocks, US Equity Futures Slide Following China Crash
Submitted by Tyler Durden on 07/27/2015 06:06 -0500- 8.5%
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It all started in China, where as we noted previously, the Shanghai Composite plunged by 8.5% in closing hour, suffering its biggest one day drop since February 2007 and the second biggest in history. The Hang Seng, while spared the worst of the drubbing, was also down 3.1%. There were numerous theories about the risk off catalyst, including fears the PPT was gradually being withdrawn, a decline in industrial profits, as well as an influx in IPOs which drained liquidity from the market. At the same time, Nikkei 225 (-0.95%) and ASX 200 (-0.16%) traded in negative territory underpinned by softness in commodity prices.
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