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After an early wobble, the DAX in Germany and France’s CAC climbed more than one per cent and London’s FTSE 100 and Wall Street futures both clawed back into positive territory.The Moscow stock exch-ange dropped by more than four per cent as Russia’s energy-dependent economy reels from low oil prices and slowdown its major trade partner China.2 per cent and Singapore was 2.Commodities were again on the ropes as Brent crude oil shed 90 cents, or 2.

Hong Kong screw barrel of injection moulding machines Manufacturers gave up 2.The South African currency — rand — hit new record lows against the dollar, reflecting the country’s growing economic crisis as commodity prices fall because of Chinese slowdown.41 as both hovered near last week’s 12-year lows.Beijing was again the epicentre of unease as its central bank People’s Bank of China confounded analysts by guiding the yuan’s midpoint rate sharply stronger, a move that might calm concerns about a competitive deva-luation but only added to market confusion as to Beijing’s ultimate intent on its currency policy.“The Chinese situation sets the agenda right now in combination with oil prices,” said Hans Peterson global, head of asset allocation at SEB investment management.