EUROPEAN HEADLINES
FT – Global stocks selloff as China’s “Black Monday” darkens markets. Fears over slowdown intensify. Doubt cast on chances of Fed rate rise next month.
WSJE – Selloff deepens in stocks, commodities. Dow recovers from early fall of 1,000 points. China-led rout puts emerging markets at risk.
INYT – Europe’s movable crisis. As a tide of migrants floods across borders, Hungary puts up a fence.
FRANCE
Le Monde – Shanghai stock market takes worldwide markets along it in its fall. The Chinese trade floor closed with a 8.5% drop. Paris, London and Frankfurt lost more than 3% on opening.
Les Echos – Stock markets: the Chinese debacle. New wind of panic shakes stock exchanges worldwide. Oil, commodities, currencies: shock wave. “China’s economic collapse is not going to happen tomorrow.”
GERMANY
Frankfurter Allgemeine (FAZ) – Losses on stock markets amid concerns about China’s economy. Fears of an economic slowdown in China have led to significant price losses on stock markets on Monday, especially in Asia.
Sueddeutsche Zeitung – Price drop on the world stock markets. Panic hit worldwide stock markets yesterday amid fear of an economic slowdown in China. The German Dax lost almost 8% in a day that reminded the 2008 financial crisis.
ITALY
La Repubblica – Stock markets: worldwide panic ensues. China’s stocks continued to plunge dragging along European and American ones as well, causing the biggest upsets since the 2008 financial crisis. The EU loses at least 400 billion euros.
Il Sole 24 Ore – Chinese rout rattles international stock markets. The black Monday provoked a shares’ selloff, Shanghai plunges at -8,5%, Milan -5,96% and Wall Street -3,94%.
POLAND
Gazeta Wyborcza – Black Monday in China. The Shanghai Stock Exchange went through the floor causing other stock markets to nosedive as well. Prices of crude oil, copper and other raw materials plunge as the world fears a new crisis.
SPAIN
El Pais – The Chinese crisis unleashes fear of a global economic slowdown. Shanghai stock exchange drops 8.5% and triggers chain reaction.
Expansion – Where are stock markets heading? The Ibex-35 fell by 5% but experts think that “the end of the market correction is close.” Arcelor, Acerinox, Repsol and Técnicas Reunidas are the most exposed values. The Ibex-35 decreased this year, despite the fact that 14 companies continued to make profits.
UK
The Times – Trillion is wiped off markets in day of panic. Fears over China spark global rush to sell.
The Guardian – China urged to end market turmoil. £74 billion wiped off London shares as wave of panic selling spreads around the world.
©europeanunion2015
