MetaTrader 4
Vertex FX 10

Continued China slowdown causes havoc in the equity and commodity markets

The US Dow Jones Index dropped over 1000 points on the open today amid extreme volatility in the markets as the Shanghai Composite Index finished it's trading session down 8.5% at 3209.91.

The slowdown in the Chinese economy is having huge repurcussions not only in equities which have seen a massive correction across the board in commodities too. Both Europe and the US are feeling the heat; FTSE100 is currently down 4.5%; CAC down 7% & Dax off 6%.

US Crude Oil has extended it's losses with the September Forward bottoming out 37.75 now trading 100 points higher at 38.89, still hugely offside at 3.7% down on the day.

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