Rapid Fire: September 2, 2015 - Gainesville Coins News
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Rapid Fire: September 2, 2015

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Rapid Fire: September 2, 2015

Here's your round-up of quick-hit news for Wednesday!

  • After trading concluded overnight on Wednesday, Chinese markets close for the country's "Victory Day" holiday. They will reopen on Monday, giving weary traders a chance to catch their breath after 10 weeks of losses.
Source: Google Finance The Shanghai Composite index over the last 12 weeks. Source: Google Finance
  • After opening lower, crude oil prices gain on Wednesday morning, though the world's most traded commodity is unlikely to reverse its current downtrend. WTI crude traded above $45/bbl while Brent crude surged back above $50/bbl.
  • The New York Stock Exchange once again (4 out of 5 trading days) invokes the obscure Rule 48 on Tuesday, a volatility mitigation measure that drops the requirements for market makers to announce price indications (whether they are buying or selling) before markets open.

About the Author

Everett Millman

Everett Millman

Analyst, Commodities and Finance
Managing Editor

Everett has been the head content writer and market analyst at Gainesville Coins since 2013. He has a background in History and is deeply interested in how gold and silver have historically fit into the financial system.

In addition to blogging, Everett's work has been featured in CoinWeek, Advisor Perspectives, Wealth Management, Activist Post, and has been referenced by the Washington Post.

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