Latest: Dow Jones jumps 300+ pointsSummary: Welcome to Turnaround TuesdayPeople’s Bank of China finally takes actionExperts: China tries to calm the crashShanghai Composite index shed another 7.6% todayChina’s Black Monday – as it happened 3.44pm BST The Athens stock market went on a tear today, finishing up almost 10%.Athens finishes surging session at +9.4%. FTSE Banks +26.9%. #ASE #Greece | Not clear why investors bought banking stock. No news re recap. 3.43pm BST Stock markets are dropping back from their earlier highs, but are still comfortably higher.As we head into the close we’re already seeing today’s rally start to lose some of its early steam, pulling back from the intraday highs, which is a bit of a worry given the strength of the recent declines.With that in mind we’re probably going to need a few more days like today before we can be confident that we’ve seen the lows. Continue reading...
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