That was the day the Swiss National bank unexpectedly scrapped its threeyear policy of putting the franc against the euro at 1. 20. The euro slumped from 1. 20 to a low of 85, that is a drop of 29 before closing down 19 , the biggest drop ever, and the lowest close ever. The move prompted a selloff in companies on concerns this unexpected policy shift would hurt exports. This wasnt the only central bank to cause massive ripples across global markets. Lets look at china. The yuan devaluation on august 11. It triggered the yuans biggest oneday drop since january, 1994. It also prompted a widespread selloff in emergingmarket assets. This is the msci emerging markets index. In the two weeks that followed the yuan devaluation, this gauge sunk by 13 on concerns that the move signaled weaker and demand from china and the start of regional currency wars. Lets finish with the biggest corporate scandal of 2015, volkswagen. On september 18, it admitted to cheating on u. S. Diesel emissions tests.
That is the day that the bank unexpectedly put the franc against the euro at 1. 20, the euro slumped to a low of 85, that is a drop of 29 before closing down. 19 , the biggest drop ever, the lowest close ever. It prompted a selloff in companies. The policy shift was unexpected and it would hurt exports. This is not the only central bank that caused a massive ripple across markets. We will look at china, and the yuan devaluation, the biggest oneday drop since the january 1990 five. It also prompted a widespread selloff and emergingmarket assets. This is the emerging market index, and the two weeks that followed the yuan devaluation, a weak demand from china and the start of regional currency wars. We will finish with the biggest corporate scandal of 2015, volkswagen. On september 18, they admitted to cheating on u. S. Diesel emissions tests, on monday, september 21, shares plummeted by 19 . This was through october 2, losing value. With the lawsuits pending, investors are still awaiting
Never forget. That was the day the Swiss National bank unexpectedly scrapped its policy of capping the frank against the euro at 1. 20, the euro slumped to a low of 85, that is a drop of 29 before closing down. 19 , the biggest drop ever, the lowest close ever. The move prompted a selloff in concern the unexpected policy shift would hurt exports. This was not the only central bank to cause massive ripples across global markets. Lets look at china. It triggered the biggest oneday drop since the january 1990 1995. It also prompted a widespread emerging market assets. This is the emerging market index. It sunk by 13 on concerns the move signaled weaker demand from china and the start of regional currency wars. Lets finish with the biggest corporate scandal of 2015, volkswagen. On september 18, it admitted to cheating on u. S. Diesel emissions tests. 21, sharesseptember plummeted by 19 , the biggest drop in seven years. The stock plummeted from there through october 2 losing 30 billion eur
January 15, 2015, that is the day that swiss investors will never forget. That is the day that the bank unexpectedly put the frank against the euro at 1. 20, the euro slumped to a low of 85, that is a drop of 29 before closing down. 19 , the biggest drop ever, the lowest close ever. It prompted a selloff in companies. The policy shift was unexpected and it would hurt exports. This is not the only central bank that caused a massive ripple across markets. We will look at china, and the devaluation, the biggest oneday drop since the january 1990 five. And also prompted a widespread selloff and emergingmarket assets. This is the emerging market index, and the two weeks that falla, followed, showing a weak demand from china and the start of regional currency wars. We will finish with the biggest culprit corporate scandal of 2015, volkswagen. They admitted to cheating on u. S. Diesel emissions tests, on monday, september 1, stocks, did. This was through october 2, in losing value. When the l
Also live as results are expected to start coming in state by state in the president ial election. Goodluck jonathan and Muhammadu Buhari are in the tightest race since the end of military rule 60 years ago. Also another crucial day for greece. Lucy the greek Prime Minister right here. Theyve submitted their new reform plans just in the nick of time. Now, if these plans are accepted by its creditors and the rest of europe, theyll release the next big chunk of rescue cash. But let me tell you, time is ticking. Come april, greece will run out of this. Welcome to gmt. It is 1 00 p. M. In switzerland and 12 00 noon here in london. The last audience with the queen for David Cameron. Campaigning for the u. K. General election is finally under way. Polling day is in 5 1 2 weeks. At the moment the result is too close to call. Well, lets take you straight to phillipa tomas. Too close to call, unpredictable. Does it feel exciting . Reporter it really does feel very exciting lucy. I was standing