Massive sell-off in Asian stocks on China woes

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Source: CNBC
Stock markets in Asia posted steep losses on Monday, with equities in China hit the hardest amid rising concerns over the health of the world's second largest economy. The Shanghai Composite Index slumped 8.35%, while the Hang Seng index fell 5%. Elsewhere, the Australian S&P ASX 200 dived 4.09%, in Japan the Nikkei Index lost 4.61%, while South Korea's Kospi declined by 2.47%. 
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Mon, 24 Aug 2015 09:13:06 GMT

Euro jumps versus Greenback as China meltdown weighs

The shared currency rose against the US Dollar on Monday, as the turmoil in Chinese stock markets raised concerns over the health of the global economy, diminishing the prospects of the rate hike in the US. The EUR/USD pair was seen 0.98% higher at $1.492 by 07:38 AM GMT, trading near its seven-month high. Meanwhile, the analysts expect further strengthening

Fri, 21 Aug 2015 10:28:05 GMT

Euro erases gains following PMI figures

The shared currency failed to hold early gains against the Greenback, following the mixed flash PMIs from Germany and France. The French flash manufacturing index for August dipped to 48.6 from 49.6, while the same gauge in Germany rose to 53.2 from 51.8. The reaction of the EUR/USD pair was quite mild, as the Euro edged 0.09% higher to $1.1250,

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