Investment Markets in August 2015
Equity markets saw their biggest falls in over 4 years in August with volatility reaching levels last seen in the financial crisis in 2007-2008. The main catalyst for the volatility was the surprise devaluation of the Chinese yuan and a series of weaker than expected economic data from the world’s second largest economy. Commodity markets shared in the general sell-off before recovering most of their declines before the end of the month.