Charting the Markets: Global Stock Rally Grinds to a Halt
The three-day rise in global stocks is over as China's economic slowdown and next week's Federal Reserve meeting vex investors once again. After the biggest one-day rise in six years on Wednesday, the MSCI Asia Pacific Index dropped as much as 2.4 percent after Chinese producer prices sunk the most since 2009. The Shanghai Composite Index fell 1.4 percent after a two-day, 5.3 percent gain. Brazil cast a shadow over emerging market currencies after its credit rating was cut to junk by Standard & Poor's.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.