Oil extends losses on China market rout

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Source: Marketwatch
Crude prices tumbled on Monday, following the massive sell-off in global financial markets, as the turmoil in Chinese equity markets reinforced the concerns over the global economic growth. The WTI futures slumped 2.65% to $39.38 per barrel, while Brent crude dropped below $45 for the first time in over seven years, trading 2.51% lower at $44.30 per barrel by 08:04 AM GMT.    
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Mon, 24 Aug 2015 09:34:08 GMT

Stocks in Europe lower, following Chinese shares' slide

European stocks opened in red on Monday, as worries over China's slowing economy persist, triggering the sell-off across the global equity markets. Germany's DAX dived 2.74%, the French CAC 40 slumped 2.58%, while the UK's FTSE 100 sank 2.46%. Meanwhile, all the sectors in Germany and France posted losses, with shares of exporters hit the most as China is a

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

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