Samsung has a rather hard time with their Galaxy Note7s: they had to recall the product as they couldn’t fix the phones’ worrying explosion problems. The stocks are holding on for the moment but they are expected to face a $17 billion loss.
There are always some uncertainties and concerns on the market, no matter how safely we try to invest. Investors however have a great technique handling these problems: a new survey conducted by Barclays Research showed again how important patience is for professionals.
The usually forgiving banking regulator of China had enough of the less than transparent financing of city banks and warned them to put an end to their rather risky practices. There’s a good reason for this: a 2008-like crisis may happen in China if smaller banks start to fold.
Although the era of negative interest rates may end soon, the Fed decided to wait with its rate hike this Wednesday. This is not unexpected, as market only gave a 20-25% chance for the hike, but more and more people believe a hike should come soon.
Investors’ mood is getting worse on the Wall Street since last Friday when another Fed official mentioned the need for rate hike. Last time we saw such a fall on the markets was right after the Brexit referendum. Soon after that, the optimism returned. In September however volatility is back again, and, as every year, S&P 500 may perform worst in this season.