Five Things You Need to Know to Start Your Day
There is a lot going on this morning.
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There's another global stock rout, oil is tumbling, and Sweden cuts its rate further into negative territory. Here are some of the things people in markets are talking about today.
It's a grim day for equities. Markets in Hong Kong opened for the first time this week and had their worst start to a lunar new year since 1994, falling 3.9 percent. The MSCI Asia Pacific excluding Japan Index lost 2.2 percent. The Europe Stoxx 600 dropped as much as 4 percent before paring some losses to trade 2.8 percent lower at 10:47 a.m. London time. U.K. stocks slumped to a 4-year low led by bank shares. Standard & Poor’s 500 Index futures dropped 1.8 percent.