No cheer as China yuan hits four-and-a-half-year low, oil at seven-year low
- 8 years ago
World stocks were on the brink of a two-month low on Friday, as beaten-down oil prices and a slide in China's yuan to 4-1/2 year lows left markets in a somber mood.
Volatile oil markets and worries about China, the world's biggest commodities consumer, have pressured many markets ahead of a widely anticipated interest rate hike by the U.S. Federal Reserve next week.
MSCI's world stock index .
MIWD00000PUS fell for a fifth straight day as emerging markets tumbled again and European shares .
FTEU3 opened at a two-month low while the dollar steadied.
Volatile oil markets and worries about China, the world's biggest commodities consumer, have pressured many markets ahead of a widely anticipated interest rate hike by the U.S. Federal Reserve next week.
MSCI's world stock index .
MIWD00000PUS fell for a fifth straight day as emerging markets tumbled again and European shares .
FTEU3 opened at a two-month low while the dollar steadied.