World markets are starting the week with large losses amid a global sell-off of equities and a still-falling oil price.
World markets are starting the week with large losses amid a global sell-off of equities and a still-falling oil price.
Asian market have closed lower with Shanghai taking its biggest one-day tumble since 2007, down almost 9 per cent. Europe is down around 3 per cent so far.
Investors are concerned that a currency war will see countries following China’s lead in devaluation in a bid to prompt growth. There is also continued uncertainty about the likelihood of the Fed to begin raising interest rates next month.
Asian market have closed lower with Shanghai taking its biggest one-day tumble since 2007, down almost 9 per cent. Europe is down around 3 per cent so far.
Investors are concerned that a currency war will see countries following China’s lead in devaluation in a bid to prompt growth. There is also continued uncertainty about the likelihood of the Fed to begin raising interest rates next month.
| Latest | 1 month ago | 1 year ago | |
| North America (previous session) |
|||
| US Dow Jones | 16,459.75 (-3.12 per cent) | -6.31 per cent | -3.18 per cent |
| TSX Composite | 13,473.67 (-1.92 per cent) | -5.02 per cent | -13.27 per cent |
| Europe (at 5.00am ET) |
|||
| UK FTSE | 6,024.70 (-2.63 per cent) | -8.44 per cent | - 11.08 per cent |
| German DAX | 9,821.51 (-2.99 per cent) | -13.45 per cent | +5.16 per cent |
| Asia (at close) |
|||
| China CSI | 3,275.53 (-8.75 per cent) | -21.57 per cent | +38.48 per cent |
| Japan Nikkei | 18,540.68 (-4.61 per cent) | -9.75 per cent | +19.32 per cent |
| Other Data (at 5.00am ET) |
|||
| Oil (Brent) | Oil (WTI) | Gold | Can. Dollar |
| 43.81 (-3.63 per cent) |
39.05 (-3.46 per cent) |
1157.00 (-0.22 per cent) |
U$0.7558 |
| Aus. Dollar |
|||
| U$0.7247 | |||
