Markets Calmer, Despite China’s Third Devaluation of the Renminbi, as Central Bank Hints At Stability

European and Asian markets steady this morning after China’s third devaluation of the renminbi in as many days. After knocking the currency down 1.1%, the Central Bank boss says there is no justification for further devaluations. Travel operator TUI, which is the market leader in both the U.K. and Germany, says it is confident of sustained underlying growth, despite closing the Tunisia market after the massacre of tourists there in June and the economic turmoil in Greece. It says bookings for Greece are rising again. Greek coke bottler Coca-Cola HBC says its sales are up even in its home market, although Russia remains flat amid all that fizz. Nestle posts good figures and gets a boost from India, where a court overturns a country wide ban on its popular Maggi Noodles. But the court orders further tests to ensure they are safe.