View from the Markets
Steven Sun, HSBC’s senior China strategist, is ’cautiously optimistic’ on the outlook for the country’s stock market
Credit squeeze
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The credit squeeze fall-out
This multimedia snapshot brings together coverage of the mounting crisis and its impact on the markets through links to indepth packages, interactive maps, audio, video and blogs.
The rising defaults on subprime mortgages in the US triggered a global crisis for the money markets. The world’s leading banks have accepted much of the blame for the crisis, with the Institute for International Finance has acknowleging “major points of weakness in business practices”.
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Video
View from the Markets
David Darst, Morgan Stanley’s chief investment strategist, is sceptical of the recent rally in financial markets
In depth
Finance job cuts
Almost 50,000 banking jobs have been lost as a result of the credit squeeze. Estimates are for many more with 40,000 expected to go in the City of London alone
Bear Stearns
Confidence in Bear Stearns collapsed after the US investment bank arranged for emergency funding from JPMorgan and the New York Fed
UBS
UBS has written off $37bn of US mortgage-related loans, raised $27bn from investors and now lost its chairman. What next for Switzerland’s largest bank?
Icelandic economy
Fears that Iceland could be the first country to fall victim of the global financial turmoil grew when its central bank abruptly raised interest rates
US recession
As the US economy weakens and consumers reign in their spending, there are growing concerns that the country could slip into a recession
Northern Rock
The nationalisation of Northern Rock has angered shareholders and shocked the private bidders who hoped to take over the lender
Subprime fall-out
Global investors succumbed to a new bout of jitters amid concerns over big western financial institutions affected by America’s troubled mortgage markets
Monolines
Downgrades of monolines have raised fears about a domino effect leading to market losses of the securities they guarantee
Comment and Analysis
