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The Russian rouble plunged nearly 20% to a new record low versus the dollar on Monday and the euro sank more than 1% after Western nations announced a harsh set of sanctions to punish Russia for its invasion of Ukraine, including blocking some banks from the SWIFT international payments system. read more The risk-sensitive Australian and New Zealand dollars also tumbled, while the safe-haven yen rallied as Russian President Vladimir Putin ordered his military command to put nuclear-armed forces on high alert on Sunday, the fourth day of the biggest assault on a European state since World War Two. The...

What's happening: Stocks in Europe tumbled Monday morning after Hong Kong's Hang Seng dropped 3.3%, suffering its worst decline in nearly two months. Chinese banks, insurers and other real estate companies were slammed. US futures are also sharply lower. Shares of Evergrande Group (EGRNF) plummeted 10% in Hong Kong, hitting just 2.28 Hong Kong dollars ($0.29) per share. The stock has shed 84% so far this year. Step back: Fear is growing about how the crisis at Evergrande will reverberate through the financial system. Over the last few weeks, China's most indebted developer — which has more than $300 billion...

LONDON - The coronavirus panic is jolting stock markets, with steep drops in major indexes grabbing the public’s attention. But behind the scenes, there is less understood and potentially more worrying evidence that stress is building to dangerous levels in crucial arteries of the financial system. Bankers, companies and individual investors are dashing to stock up on cash and other assets considered safe in a downturn to ride out the chaos. This sudden flight to safety is causing havoc in markets for bonds, currency and loans to a degree that hasn’t been seen since the financial crisis of a dozen...

Just hours after President Trump announced he will be imposing 5% tariffs on Mexican imports over illegal immigration, Mexico’s president Lopez Obrador sent Trump a letter begging for a meeting to work toward a solution. “Mexico’s President Lopez Obrador asks Trump to have U.S. officials meet with the Mexican foreign minister in Washington on Friday to seek a solution that benefits both nations,” Reuters reported.

If the U.S. were to exit NAFTA (North American Free Trade Agreement), the price you pay for most foodstuff at the grocery store would drop 10% in the first quarter and likely drop 20% or more by the end of the first year. Here’s why: Approximately a decade ago the U.S. Dept of Agriculture stopped using U.S. consumer food prices within the reported measures of inflation. The food sector joined the ranks of fuel and energy prices in no longer being measured to track core inflation and backdrop Fed monetary policy. Not coincidentally this was simultaneous to U.S. consumers seeing...

BREAKING: Britain's FTSE 100 index recovers all losses from Brexit

How long will the Brexit meltdown continue? How far will the market fall? It's impossible to say for sure, of course. But if history is any guide, then you should expect about a month of market weakness and nearly an 11% decline before the next upturn. WPERS_01_062716This could help guide any post-Brexit investment moves you're weighing. Friday's 3.6% tumble in the market -- measured by the S&P 500 -- jibed closely with the 3.5% average first-day market decline sparked by all sorts of shocking stock market news since World War II. That includes bombings and assassinations, according to a Monday...

US equity futures are tumbling at the open following Cable and USDJPY's dive. Dow futures dropped 100 points (down 900 points from pre-Brexit highs) and broke below Friday's early crash lows... Do not worry though, The IMF is on it...

The unexpected U.K. vote to leave the European Union has predictably set off a flight to safety, sinking global equity markets and Treasury yields, while boosting the value of the dollar. The immediate consequences are the opposite of what the weak global economy... ...the U.K. only accounts for about 2.4% of global GDP... ...Brexit vote will provoke "a crisis of confidence... ...For now, though, uncertainty about the future of Europe and concern about the disruption of trade are likely to weigh on investment and growth. IHS Global Insight, which had been forecasting 1.5% GDP growth in Germany in 2017, now...

The UK's decision to leave the European Union will lead to an economic crisis more severe than what the world faced in 2008, according to legendary investor Jim Rogers, chairman of Rogers Holdings. “This is going to be worse than any bear market you’ve seen in your lifetime,” he said on Yahoo finance’s “Market Movers” program Monday. “2008 was bad because of debt. The debt all over the world is much, much higher now. Stocks in the US, for instance, have been going sideways for 18 months to 24 months. That’s called a distribution by many people. When you have...

Just wait until EU member countries start falling like dominoes.

With investors on razor's edge, markets around the world turned sharply negative as initial results from the British referendum on European Union membership showed a nail-bitingly close vote. The pound plunged to its lowest level since 1985 as results gave a narrow lead to the Leave campaign. Amid volatile trading, the British currency sank below $1.35 after earlier touching $1.50.

Markets around the world have been roiled by the shock result: In Japan the Nikkei 225 was down some 7.5 percentSterling has fallen 10 percent against the dollar and 3.35 percent against the euro.The prices of Brent and WTI have both dropped some 5.8 percent.The yield on the 10-year U.S. Treasury bond has fallen 12.5 percent.Dow futures now down 700 points

Sam Ro September 1, 2015 futures - Finviz Global markets are getting smoked again. Dow futures are down 315 points, S&P 500 futures are down 40 points, and Nasdaq futures are down 93 points. It's a bloodbath in Europe, with Britain's FTSE, Germany's DAX, France's CAC 40, and Spain's IBEX all down by more than 2%. Asian markets closed deep in the red, with Japan's Nikkei plunging 3.8%, Hong Kong's Hang Seng falling 2.2%, and China's Shanghai Composite tumbling 1.3%. Here's a quick roundup of the key headlines we've gotten since US markets closed on Monday. (snip)

TOKYO (Reuters) - Asian shares took a beating and the yen raced to a seven-week high against the dollar on Monday, as emerging markets remained under pressure with the U.S. Federal Reserve poised to continue tapering its stimulus and tighter credit conditions in China raising fears of a slowdown.MSCI's broadest index of Asia-Pacific shares outside Japan tumbled 1.6 percent to nearly a five-month low, on track for its worst one-day performance since August after losing more than 1.0 percent on Friday. Japan's Nikkei share average (NIK:^9452) gave up the 15,000-level and dropped 2.7 percent.Expectations of continued stimulus withdrawal by the...

CHART OF THE DAY: This Will Be The World's Richest Country In 2050 Joe Weisenthal Dec. 7, 2011, 9:40 AM Goldman has a new report out on The BRICs countries after 10 years, and how global markets will continue to evolve. Remember, the BRICs are Brazil, Russia, India, and China -- the four countries identified 10 years ago by Goldman's Jim O'Neill as being the global growth-drivers of the next generation. This new report discusses various themes, including the emergence of non-BRIC emerging markets, as well as a general flattening of income equality over the next several years. Goldman also...

Never in the history of the “global markets” has so much been at stake. Markets across the world are on the verge of utter collapse. This is not a hyper, over-the-top assessment or a pessimistic “doom and gloom” perspective. This is only the current reality that many do not want to face. The current global markets are extremely volatile and highly unstable, reflecting doubt and pessimism about what the future holds in regard to their currencies. In view of the economic crisis in Greece, the Euro at present is tanking hard and is sending great panic and uncertainty throughout the...

Greece's parliament has voted in favour of the hefty cuts and reforms proposed by the government to address the country's financial crisis. With 172 of 300 votes in favour, one report said a second vote would have to be passed for the bill to become law. The vote comes a day after three bank workers died in a petrol bomb attack as demonstrations over the planned austerity measures turned violent. The finance minister said the measures were the only way to avoid bankruptcy. But as the vote was held demonstrators gathered outside parliament to protest against the measures. Wednesday's deaths...

The world economy is deteriorating more quickly than leading economists predicted only weeks ago, with Britain yesterday becoming the latest nation to surprise analysts with the depth of its economic pain. The depth of the troubles, analysts say, indicates that nations may need to spend more than the billions of dollars already planned on stimulus packages to jump-start their economies, and that a global recovery could take longer, perhaps pushing into 2010. Analysts are particularly concerned about the slowdown in China and the recession in Europe. There is mounting concern about the stability of the euro and the British pound,...

Financial markets have been eerily calm for most of the past two years. No longer. IT’S not easy sleeping in the Buttonwood family home. The problem is not so much the traffic as the dogs: two affectionate spaniels who begin the night with the daughters and end it with the parents. There they lie, pinning your columnist under one-tenth of a duvet, until, suddenly heeding the call of nature, they stir, stretch, leap off the bed and tug her out the front door for an urgent visit to other parts. In much the same way, volatility in financial markets is...