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Gold futures settled at a more than six-week high on Friday to score their biggest weekly gain since January as a slump in equities and a drop in the U.S. dollar buoyed the metal’s investment appeal. An increase in the Fed’s interest rate drives investors away from...

The Shenzhen Composite Index, which tracks stocks on China’s second exchange, dropped 3.00 per cent, or 66.56 points, to 2,155.49 on turnover of 480.9 billion yuan. But if China is starting a currency war, investor pain could get intense.

Hong Kong fell 1.53 per cent, or 347.85 points, to finish the day at 22,409.62 – its lowest point since May 2014 – taking it into a bear market after a more than 20 per cent slump from its April peak. The Nikkei 225 index ended day down 0.9% at 20,033.52 points....

European stocks were on track for their worst week in six after exporting companies with exposure to China saw their stocks fall after the yuan was devalued. “With the devaluation of the yuan, they have to pay more for every dollar that they buy and chances are some...

“Given the sufficient forex reserves with the RBI, the central bank will not allow the continuous slide in rupee’s value”.

The MSCI Emerging Markets Index is heading for its biggest weekly loss since 2013, while the MSCI All-Country World Index has retreated 3.2 percent for the period, the worst since December, according to Bloomberg. That correction was caused by a combination of factors, one being...

Oil has dropped below $40 a barrel for the first time since the end of the global economic crisis.

As if China wasn’t worrying investors enough, the odds of a Fed rate hike in September seems to have lowered. “This is about growth“. The Nasdaq crumbled 6.8% while the S&P 500 sank 5.8%.

World markets had already been on edge after China’s surprise devaluation of the yuan last week and a 33 percent fall in its stock markets since mid-year.

A yes vote from the German parliament is not in doubt, although there have been nagging questions for chancellor Angela Merkel about divisions within her own conservative ranks.

The stock market’s steep decline this week has pushed the Dow Jones industrial average into what is known as “correction” territory.

“If you look at the interest rate probability according to the Fed fund futures, on August 13 it was showing 50 percent for September and now it’s down to 32 per cent”.

Companies that primarily drill for oil onshore in the U.S., such as Continental Resources, have suffered even steeper declines. “This is about growth“.

A “correction” is a Wall Street term for when an index like the Dow industrials or the Nasdaq – or an individual stock – falls 10 percent from its most-recent high. Crude oil briefly dipped below $40 a barrel for the first time since March of 2009.

The rout started in Asia and quickly spread to Europe, battering major markets in Germany and France. “And this something has to translate into a weaker U.S. dollar“.