Market Overview

28 August 2015 16:07

Konstantin Meinhardt

Stock markets seem to recover from a massive selloff on Monday. Concerns over a slowdown in the Chinese economy led to this selloff. Since then the People's Bank of China (PBoC) injected billions of yuan into the financial system and lowered its interest rates. The question remains whether these actions will lead to the desired result, or we might see the next yuan devaluation. The situation around the interest rate hike by the Fed remains unclear. The recent drop in oil prices and a slowdown in the Chinese economy are pointing to the delay of the interest rate hike. But the U.S.

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