Federal Reserve and World Stock Markets

: Fears that Chinese growth is weakening, dragging down the global economy with it, are already hammering commodities and world stock markets, according to Euro News. Both tumbled on Friday after a survey showed Chinese manufacturing slowed the most since the global financial crisis in 2009 – adding to other worrying clues about the country health, including its falling exports. A looming snap election in Greece and a closely watched conference hosted by the Federal Reserve in the United States are also likely to keep investors on their toes next week, in particular as they look for hints on when the U.S. will raise interest rates. China devalued the yuan earlier in August, by pushing its official guidance rate down 2 percent. It will be all eyes on the Chinese authorities for any further policy support steps, alongside the People Bank of China yuan fixings and trading swings, analysts at Investec Economics said in a note to clients. The central bank has said there was no reason for the currency to fall further, but investors are also bracing for further interest rate cuts. (news.financializer.com). As reported in the news.