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Monday, 6 July 2015

Markets Volatile Fuelled By Greece, But China Cools, & Top Insights

China's stocks bounce back after emergency intervention by government

Stock markets in the country rise by by nearly 8% before slipping back as Beijing attempts to prevent more massive losses.

Investors check a screen displaying share prices at a security firm in Shanghai. Shanghai stocks were up 2.15 percent at midday on July 6 after the government unveiled its biggest package of measures so far to shore up the slumping market.Emergency intervention by the Chinese government appeared to partially stabilise its plunging stock markets on Monday with early trading showing some positive results.
Within the first ten minutes of trading, Shanghai’s stock index had risen almost 8% although those gains dropped to 3.23% within an hour. It then went into negative territory before rebounding to close over 2% up.
Beijing announced measures over the weekend to try to prevent more losses on the stock markets which have seen falls of 30% over the past three weeks, including 12% last week.

U.S. stock-index futures point to lower open after Greek vote

U.S. stock-index futures sat solidly lower early Monday, as markets in Asia took a sharp drop after Greece voted to reject the terms of its current bailout agreement. About 10 hours ahead of the open of U.S. markets, the CBT eMini Dow Jones Industrial Average futures were 1.1% weaker, while eMini Nasdaq 100 futures and futures for the S&P 500 SPX, -0.03% were down 1.2% each. 

Image result for us futures marketAll three were above their earlier lows immediately following the Greek referendum results, although they could change considerably ahead of the start of trade in New York, especially after the European markets open.

 Still, the U.S. futures were performing better than many of the top Asia stock benchmarks, with Japan's Nikkei Average NIK, -2.08% down 1.8% and Hong Kong's Hang Seng Index HSI, -3.18% plunging 3.1%. The Dow industrials DJIA, -0.16% ended Friday trade down 0.2%, while the Nasdaq Composite COMP, -0.08% gave up 0.1%, and the S&P 500 ended little changed.

More than 61% of Greeks voted “no”  in a referendum on whether to accept creditors’ demands, setting the country on a collision course with the rest of the eurozone.
Voters were asked to vote on economic policy demands from creditors including the International Monetary Fund and the European Central Bank.
On Monday morning, Greek finance minister Yanis Varoufakis resigned, saying he had been made aware “of a certain preference by some Eurogroup participants, and assorted ‘partners’, for my… ‘absence’ from its meetings.”
European markets opened lower on Monday but the losses were not as steep as many investors and analysts had feared.

Greek voters overwhelmingly reject bailout terms

Greek voters have overwhelmingly rejected international creditors' tough bailout terms, leading to fears that the cash-strapped nation was on its way out of euro.
Voters had been asked on Sunday whether to accept or reject the country's multi-billion euro bailout deal with the European Union that called for more austerity in exchange for rescue loans.

Relations between Turkey and China have been strained over the treatment of Muslim Uighur people in China's Xinjiang region [AFP]

Beijing warns citizens in Turkey of anti-China protests

Beijing has warned its citizens travelling in Turkey to be careful of anti-China protests, saying some tourists have recently been "attacked and disturbed".
The notice, posted on the Ministry of Foreign Affairs website on Sunday, said there had been "multiple" demonstrations in Turkey targeting the Chinese government.

Relations between Turkey and China have been strained recently over the treatment of Muslim Uighur people in China's far western region of Xinjiang, who have been banned from worship and fasting during the Muslim holy month of Ramadan.

While the proposed Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Pact (TTIP) have become well known in recent months, the TiSA is the largest component of the US strategic neoliberal 'trade treaty triumvirate. Together, the three treaties form not only a new legal order shaped for transnational corporations, but a new economic enclosure that excludes China, Russia and all other BRICS countries.

War on drugs. War on poverty. War in Afghanistan. War in Iraq. War on terror. The biggest mistake in American policy, foreign and domestic, is looking at everything as war. When a war mentality takes over, it chooses the weapons and tactics for you.  It limits the terms of debate before you even begin. It answers questions before they’re even asked.

US policymakers sign paper calling for the division, destruction, and US occupation of Syria in an incremental invasion.

Investors talk in front of an electronic board showing stock information, filled with green figures indicating falling prices, at a brokerage house in Nantong, Jiangsu province, China, July 3, 2015. REUTERS/StringerAn online survey by fund distributor over the weekend, which polled over 100,000 individuals, said investors believed stock indexes would rise more than 5 percent on Monday. But many of those polled didn't think the bounce will last long.
"You're going to need the central bank to open the floodgates to take us back to 4,500 points in Shanghai," said an investment manager in Shanghai.

episcopal church salt lake city general convention“At a point where we are losing species and where human life itself is threatened by climate change, the church, by acting on it, is saying that this is a moral issue and something that everyone needs to look at seriously.”
The immediate impact of the vote is symbolic. The measures covers some $380m in church holdings, but does not cover the denomination’s biggest asset, the $9bn pension fund, or some $4bn controlled by parishes and dioceses. The resolution encourages those congregations to begin looking at divestment.

Shanghai share brokerage, 3 June 2015

The Chinese stock market bubble over the past year has been fuelled in part by investors borrowing heavily. Now that shares are on a downward path, policy makers are concerned the wider economy could be affected.


 In Afghanistan it is not the Taliban that poses the greatest threat to women - it is their own families.

Thirteen years after the fall of the Taliban, women in Afghanistan continue to suffer oppression and abuse

Research by Global Rights estimates that almost nine out of 10 Afghan women face physical, sexual or psychological violence, or are forced into marriage.

In the majority of cases the abuse is committed by the people they love and trust the most - their families. 

While shelters are trying to provide protection and legal help to some, many women return to abusive homes because there is no alternative. Unable to escape their circumstances, some are turning to drastic measures like self-immolation to end their suffering,

Has enough progress been made on women's rights in Afghanistan since the fall of the Taliban? Share your thoughts with us @AJ101East suffering

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