US stock markets sank in
morning trading Monday in a wave of fear that circled the globe after a
historic plunge in Chinese stocks.
Heightened concern about a slowdown in China had already shaken markets around the world on Friday, driving the US stock market sharply lower. A big sell-off in Chinese stocks on Monday caused the rout to continue.
Five things investors need to know today
Heightened concern about a slowdown in China had already shaken markets around the world on Friday, driving the US stock market sharply lower. A big sell-off in Chinese stocks on Monday caused the rout to continue.
Five things investors need to know today
China's stock market suffers biggest one-day fall since 2007
China's stock market fell Monday by its biggest margin in eight years, defying the government's multibillion-dollar effort to stop a slide that has wiped out the gains of this year's price boom. The decline threatened to weigh anew on global markets after last week's Chinese losses triggered a worldwide selloff.
Oil prices continue slide
Oil prices continued their downward slide Monday, helping to weigh down global stocks. Benchmark U.S. crude dropped $1.67 to $38.78 a barrel in electronic trading on the New York Mercantile Exchange, while Brent crude, a benchmark for international oils used by many U.S. refineries, fell $2.07 to $43.39 a barrel.
Survey: Economists expect fed to raise rates
The vast majority of business economists expect the Federal Reserve will raise interest rates before the end of the year, according to a survey released Monday. Seventy-seven percent of survey respondents believe the Fed will raise rates from their current near-zero levels, but only 37 percent of respondents believe it will happen as soon as next month.
Global markets plunge on China weakness
World stock markets plunged on Monday after China's main index sank 8.5 percent — its biggest drop since the early days of the global financial crisis — amid deepening fears over the health of the world's second-largest economy. Germany's DAX fell 2.6 percent, Dow futures were down over 2 percent, the Shanghai index fell to 3,209.91 points and Japan's Nikkei fell 4.6 percent to 18,540.68, its worst one-day drop in over two and a half years.
Russian ruble plunges to 7-month low on weak oil prices
The Russian ruble plunged 2.3 percent on Monday to hit a seven-month low amid a further drop in oil prices, the country's key export. The ruble traded at 70.7 to the dollar in early trading in Moscow, its lowest level since Jan. 30, when Russian markets were hit by a combination of low energy prices and Western sanctions.
China's stock market fell Monday by its biggest margin in eight years, defying the government's multibillion-dollar effort to stop a slide that has wiped out the gains of this year's price boom. The decline threatened to weigh anew on global markets after last week's Chinese losses triggered a worldwide selloff.
Oil prices continue slide
Oil prices continued their downward slide Monday, helping to weigh down global stocks. Benchmark U.S. crude dropped $1.67 to $38.78 a barrel in electronic trading on the New York Mercantile Exchange, while Brent crude, a benchmark for international oils used by many U.S. refineries, fell $2.07 to $43.39 a barrel.
Survey: Economists expect fed to raise rates
The vast majority of business economists expect the Federal Reserve will raise interest rates before the end of the year, according to a survey released Monday. Seventy-seven percent of survey respondents believe the Fed will raise rates from their current near-zero levels, but only 37 percent of respondents believe it will happen as soon as next month.
Global markets plunge on China weakness
World stock markets plunged on Monday after China's main index sank 8.5 percent — its biggest drop since the early days of the global financial crisis — amid deepening fears over the health of the world's second-largest economy. Germany's DAX fell 2.6 percent, Dow futures were down over 2 percent, the Shanghai index fell to 3,209.91 points and Japan's Nikkei fell 4.6 percent to 18,540.68, its worst one-day drop in over two and a half years.
Russian ruble plunges to 7-month low on weak oil prices
The Russian ruble plunged 2.3 percent on Monday to hit a seven-month low amid a further drop in oil prices, the country's key export. The ruble traded at 70.7 to the dollar in early trading in Moscow, its lowest level since Jan. 30, when Russian markets were hit by a combination of low energy prices and Western sanctions.
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