The FTSE back weakened at a session Wednesday with still got pressure from weakening stock China.
The Shanghai Stock Exchange Composite Index was down 6.1% on Tuesday, noted the weakening of the sharpest since July 27, then bend their hope that China's stock markets began to back Government efforts after China's stable in the last month tightened the attenuation that occurs.
China's economic slowdown and worries of rising interest rates on US hitting the loudest most markets assets in developing countries. Some of the currencies of developing countries also experienced foreign exchange spending by many investors move investment funds to the dollar, which will soon raise interest rates.
Data on Tuesday showed U.S. housing increased in eight-year high in July as developers improve family housing development, support opportunities increase in interest rates. Many investors and economists viewed the chances high for the Fed raise its interest rates again after the last decade almost 1 on next month and supported by the increase in the labor market. FOMC Meeting Minutes of July will be announced later this evening and will be evaluated for new clues to the Fed's interest rate policy.
Trend Bearish.
RES: 6512.0-6559.5-6598.0
Supp: 6435.0-6358.0-6310.5
0 Response to "The FTSE Pressured By Weakening Chinese Stock Exchange"
Thanks for give comment.