Exchange Rates and Stock Markets
US (1 US$) 0.7452 Euro
Canada (1 Cdn$) 0.6510 Euro
Britain (1 Pound) 1.4727 Euro
Switzerland (100 SFr) 61.046 Euro
Japan (100 Y) 0.6255 Euro
Sweden (100 SKr) 10.809 Euro
South Africa (100 R) 10.471 Euro
China (1 Yuan) 0.0962 Euro
Selected indices:
Dax: 7152.83 (current)
Dow Jones: 12509.65 (17:00 CEDT)
Nikkei: 17670.07
The US Dollar has really fallen badly:
QUOTE |
Exchange Rates and Stock Markets Selected currencies: US (1 US$) 0.6763 Euro Canada (1 Cdn$) 0.6884 Euro Britain (1 Pound) 1.3944 Euro Switzerland (100 SFr) 60.945 Euro Japan (100 Y) 0.6140 Euro Sweden (100 SKr) 10.773 Euro South Africa (100 R) 10.035 Euro China (1 Yuan) 0.0910 Euro Selected indices: Dax: 7630.31 (current) Dow Jones: 12992.67 (17:00 CET) Nikkei: 15211.52 |
International Level: International Guru / Political Participation: 3231 100%
Global stock market slump deepens
Global share prices continue to fall sharply amid fears that a US recession will lead to a global economic slowdown.
Ref. https://news.bbc.co.uk/1/hi/business/7201658.stm
Global stocks sink as China's yuan falls for second day
Global stocks sank Wednesday as China’s currency fell for a second day following a surprise devaluation, and U.S. Stock futures were lower. Ref. Source 9u
Specific Discussion: Yuan - Renminbi
Global markets continue to fall:
Global stock markets have experienced their worst opening week in a new year in two decades as concerns over the Chinese economy, the value of the renminbi and the policies of Chinese financial authorities sent out a series of shock waves. More than $2.3 trillion was wiped off the value of global stocks for the week. Ref. Source 7q