Rolling coverage of the latest events across the world economy and the financial markets * Latest: Shanghai stocks drop again * Introduction: PBOC governor “The worst is almost over” * Agency claims economy improving * Glencore to cut debt by $10bn 9.14am BST CHINA’S SLOWDOWN IS A SERIOUS HURDLE TO BRITAIN’S MUCH-VAUNTED ‘MARCH OF THE MAKERS’. Manufacturing body EEF has halved its growth forecast for this year, to 0.7% from 1.5%, citing Chinese volatility and the Greek debt crisis. Related: UK manufacturing hit by turmoil in China 9.04am BST EUROPEAN STOCK MARKETS ARE SHRUGGING OFF CHINA’S LOSSES, ALL GAINING GROUND IN EARLY TRADING. The FTSE 100 is up 1%, starting the week in positive mood after last Friday’s 2.5% slide. Here’s the picture across Europe: Continue reading...
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