August Daily Review - 21/08

 

Wall Street opened lower on Friday as weak manufacturing data from China spooked investors already worried about global growth.

LONDON - U.S. oil prices headed for their eighth consecutive week of falls on Friday, the longest losing streak since 1986, after a sharp drop in Chinese manufacturing increased worries over the health of the world's biggest energy consumer.

WASHINGTON - As he weighed whether to support President Barack Obama's nuclear deal with Iran, Representative Donald Norcross was showered with the sort of attention rarely shown to junior members of the U.S. Congress.

SHANGHAI -- Chinese stocks on Friday hit their lowest point since the government launched a massive program of intervention to prop up the market in early July, as manufacturing output figures gave another indication of the country’s slowing economy.

Gold gained in Asia on Friday after a weaker than expected manufacturing flash survey from Caixin and as investors increasingly doubt the Federal Reserve will raise rates in September. (Reuters)

 

 

 

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