Markets face another plunge

Markets face another plunge

Markets face another plunge 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.
 
  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