Chinese stocks plunging again Tuesday

The cause of the global market volatility centres on fears that the world’s second biggest economy is slowing. “And I don’t see any signs of meaningful government intervention”.

The start of the week was hailed as “Black Monday” as markets around the world suffered their worst losses since the financial crash in 2008.

However, similar large injections last week had little impact on stock market sentiment as the funds only remain in the market for seven days.

Markets in Europe took it as a cue for another bout of selling, before a steep opening fall of more than 6% on Wall Street markets added to the pressure. The country is facing a slowdown in economic growth, the banking system is short of liquidity and investors are pulling money out of the country, experts note.

Japan’s Nikkei 225 index fell almost 4 percent after earlier falling by 4.6 percent.

Investors are also unnerved by uncertainty over US monetary policy.

And stocks weren’t the only major headline Monday; oil fell below $38 per barrel at one point.

University of Colorado at Denver finance professor Yosef Bonaparte says the turmoil overseas may make the Federal Reserve think twice about raising your interest rates.

The Dow plunged more than 1000 points at Monday’s open, before closing 3.6% lower.

The Dow Jones Industrial Average comprises 30 significant stocks traded on the New York Stock Exchange and Nasdaq – including Apple, Coca-Cola, Disney and Exxon Mobil – and is one of the most watched stock indexes globally.

The financial instability may help to fuel some benefits in Colorado.

The euro briefly shot to $1.17.

But both currencies stepped back in Asia.

The U.S. stock markets closed sharply lower on Monday, with the Dow Jones shedding close to 11-hundred points in the morning trading session, the largest intra-day loss every recorded on the Dow.

The People’s Bank of China made another move to revive Chinese growth on Tuesday after cutting benchmark interest rates and lowering lending and deposit rates by a quarter of a percentage point.

Brent crude futures last stood at $43.20 after having fallen to $42.23 on Monday. The Shanghai composite, down heavily in recent weeks, slipped by more than 8% and has now lost all its gains for 2015 – despite attempts by Beijing to arrest the slump.