Europe Stocks Down Only Slightly After China Market Collapse
China’s flu has not turned into a cold in Europe. After an 8% sell off in China, markets in Europe were only slightly down at 4:30 Eastern Time. The FTSE was off only .3% to 6,562. The DAX was only…
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China’s flu has not turned into a cold in Europe. After an 8% sell off in China, markets in Europe were only slightly down at 4:30 Eastern Time.
The FTSE was off only .3% to 6,562.
The DAX was only lower by 1.1% to 11,219. Germany’s Ifo showed the largest economy in Europe remained strong.
According to the research group
The Ifo Business Climate Index for German trade and industry rose to 108.0 points in July from 107.5 points last month. Assessments of the current business situation improved significantly after last month’s setback. Business expectations were also somewhat more optimistic after declining for three consecutive months. The recent easing of the Greece situation contributed to stronger sentiment in the German economy.
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
