| Global markets are likely to remain under pressure this week, as investors worry about a looming United States rate rise and the possibility of a Chinese currency devaluation. In the US, the Dow Jones Industrial Average has suffered seven straight days of losses – its longest losing streak since 2011 – as investors prepare for a possible interest rate hike next month, the first in almost a decade.
At the same time, investors have been dumping US media companies such as Viacom, Walt Disney, Time Warner and 21st Century Fox on fears their revenues will crumble as more viewers cancel their pay-TV subscriptions and instead turn to the internet...............................................Full Article: Source
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