Morning Report Friday 8 January 2016
Good morning everyoneOverviewThis first week of 2016 has felt like an entire tough first quarter all wrapped into one! as people cut the end of their Christmas holidays short due to market volatility. China uncertainty has created a total rout of equities in the first four days of trading leaving a lot people battered and bruised.The falls to-date on some major indices is staggering; especially when this ‘holiday’ week is normally anticipated by most as a quiet week - the Dow 911 points (5.2%), German DAX 764 points (7.1%), UK FTSE 288 points (4.6%) and ASX200 285 points (5.4%). Interestingly, apart from an acceleration of the devaluation of the Yuan, there is nothing particularly fresh from a news perspective that has hit the market, all the below have been around and understood a while:
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