‘Flash crash’ rips through Asia’s currency markets sending the yen into orbit and the Aussie dollar crashing to Earth

Zhang Peng/LightRocket via Getty Images Japan’s yen has gone into orbit on Thursday, breaking through key technical support levels as rising global growth risks nudged investors into a rush to safe haven-assets. Apple cut its sales forecast for its latest quarter, citing slowing iPhone sales in China, while Chinese manufacturing reads added to the burden […]

Asian and European stocks rally to track dramatic late-day rebound in US markets

Reuters / Kai Pfaffenbach Asian shares jumped and European stocks soared, capping a tumultuous week of holiday trading in global stock markets. European indexes have been battered more than the US this year, with worries about trade, Italy’s budget crisis, and rising interest rates weighing on sentiment. The Euro Stoxx 50 and most major regional […]

Japan’s Nikkei crashes 5% as US markets see worst December since Great Depression

Japan’s Nikkei 225 and Topix indices have both tumbled by roughly 5% to a 20-month low after US markets suffered their worst Christmas Eve crash on record. On the heels of the US markets crash, Nikkei 225, which has been slowly sliding downward over the past weeks, dropped sharply to 19,144 on open Tuesday, down […]

Treasury secretary Mnuchin calls top US bankers amid turmoil in markets and White House

Chip Somodevilla/Getty Images Treasury secretary Steve Mnuchin called top bankers Sunday following a tumultuous month for US markets. Monday, he will meet with top government officials overseeing the economy.  On Sunday, Mnuchin addressed reports that Trump sought to fire Fed chairman Jay Powell following increased interest rates, tweeting a statement of denial.  The U.S. Treasury […]

China is furious and global markets are in an uproar as the daughter of one of the country’s richest men languishes in a Canadian jail

Jeff Vinnick/Getty Images China is furious, the markets are beside themselves, and after a pretty ordinary performance by her lawyers on the second day of a bail hearing, the daughter of one of China’s richest men is waiting in a Canadian jail for what might be a long time. Here’s the latest in the arrest […]

Trading in US stock futures had to be halted after violent moves, and markets are spooked

Drew Angerer/Getty Images An unusual move in US equity market futures this morning triggered a market intervention by CME Group, the world’s biggest futures exchange. CME had to halt trading for brief periods “to enter the market preventing even harder moves”. Traders are unsure what caused the move, which has left an extra bout of […]