Shanghai stocks surged todayAuthorities ‘bought shares’ to push market up“Loch Ness Monster” formation spottedFTSE 100 bounces backExodus of Chinese regulators has worsened turmoil – reportsTom Phillips on the struggles of China’s poor 9.08pm AEST Despite capital controls and bank closures, Greeks managed to withdraw almost €1.5bn from the banking sector during the wild weeks of July.New data shows that deposits hit a new 12-year low last month, to €120.8bn from €122.2bn in June.Greek bank deposits by businesses and households fell to €120.8bn in July from €122.2bn in Jun despite cap controls. pic.twitter.com/UrkZV6wnCS 8.46pm AEST If China’s market wobble does ease, investors can go back to worrying about Greece.The next Greek election will move a step closer today, when the left-wing Popular Unity party hands back the ‘mandate’ to form a government. “I think that all three parties essentially express the old political system,” he said in an interview with private Alpha TV Wednesday evening.#greece seems @tsipras_eu wins every ballot troika wants him to lose but may lose the only one it wants him to win Continue reading...
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