European stocks lower amid growing concerns on China

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Source: Marketwatch
Equity markets in Europe moved lower on Wednesday as Chinese authorities continued with the Yuan devaluation, rising concerns over the growth outlook for the world's second largest economy. The pan-European Stoxx 600 index slumped 2%, the German DAX erased 2.12%, while the French CAC 40 lost 2.27%. Devaluation of Yuan scared many investors to move from risky equities into safe-haven assets. 
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Wed, 12 Aug 2015 10:22:05 GMT

Oil edges higher as Greenback losses strength

Futures for oil rose, erasing the morning losses amid the weaker US Dollar and fresh inventory data ahead in the day. Crude prices sharply fell on Wednesday after the PBoC devalued the Yuan for a second day, deteriorating China's purchasing power for oil. However, oil prices recovered after the US Dollar lost its strength. WTI jumped 0.79% at $43.42, while

Wed, 12 Aug 2015 09:46:04 GMT

Industrial production in China slows down in July

The data released on Wednesday showed that industrial production in China slowed down to 6% year-on-year in July, missing the estimated 6.6%. Moreover, the growth in retail sales slowed to 10.5% year-on-year. Meanwhile, weak production figures and the fall in the domestic retail sales in China triggered the PBoC for the further Yuan devaluation, in order to support economy and

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