Market quote stock 2016 vs 2016.5
Global stocks are sliding fast on the first trading day of after China suspended its markets early due to heavy losses. Continuing coverage of Monday's market selloff. China halted stock trading on Monday after weak manufacturing data spooked investors and sent shares plummeting.
The benchmark Shanghai Composite shed 6. The trading halt was China's first-ever use of circuit breakers -- a kind of emergency brake -- on its main exchanges. Stock futures are falling fast: Dow Jones futures are down 1. Stock market movers -- Baxalta, Alcoa, Netflix: Netflix NFLXTech30 is dropping 5. Other companies suffering premarket include Alcoa AAFacebook FBTech30Apple AAPLTech30 and Cisco CSCOTech Oil futures are jumping up and down on Monday, after Saudi Arabia severed diplomatic ties with Iran.
Saudi Arabia kicked out Iran's diplomats on Sunday, saying an attack on the Saudi embassy in Tehran by Iranian protesters was the last straw.
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Those protests were triggered by Saudi Arabia's execution of Shiite dissident cleric Nimr al-Nimr, a westpac new zealand exchange rates condemned by Iran as a violation of "human rights and Islamic values.
Saudi Arabia and Iran are major oil producers.
Iran is eager to ramp up its oil output inas soon as economic sanctions are lifted. ISM Manufacturing Index data for December is expected at 10a.
The index has been declining for five months and slipped below the neutral level of 50 in November, signaling a contraction in manufacturing.
Asian markets ended the first session of the year sharply lower. European markets all fell in early trading. The FTSE is down almost 2. German Dax is down 4. Start your day right with market quote stock 2016 vs 2016.5 latest news driving global markets, from major stock movers and key economic headlines to important events on the calendar. Daily newsletter, Sunday through Friday.
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