China’s CSI300 index ends 2014 with 50% gains after two blockbuster months while US dollar proves to be year’s star major currencyChinese and US stocks head the list of 2014’s top performers while markets elsewhere ended the year on a wary note as another sharp drop in oil prices and worries about Greece’s future served as an excuse to take profits.The US dollar lost a little of the recent gains that have made it the year’s star major currency on Wednesday, but European bond yields hit all-time lows following a shockingly sharp fall in Spanish inflation shown in data earlier this week. European stocks wrapped up the year 3.5% higher overall – though with some striking exceptions, such as near 30% losses for debt-strained Greece and Portugal. Continue reading...
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