The Presidential Daily Brief

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  1. A Chinese investor looks at the Shanghai Composite Index at a stock brokerage house in Fuyang city, east China's Anhui province, 15 June 2015.

    China Drops Slightly as Global Markets Steady

    Not as bad as yesterday, but still not great. The Shanghai Composite had a wild ride again today, dropping more than 5 percent before ending 1.7 percent down. It was nothing compared to yesterday’s 8.5 percent plummet, its biggest since 2007, which could be a sign that China’s effort to calm investors with promises of injecting $8.05 billion into money markets is working. In Europe, shares steadied in early trading, despite yesterday’s downturn, but all eyes now turn toward Wednesday’s Federal Reserve interest rate decision to see where markets will go next.

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