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Five Things You Need to Know to Start Your Day

Yesterday’s tumultuous U.S. stock session, which saw the Dow Jones Industrial Average drop as much as 1,500 points , has spread across the world.

In Europe, the Stoxx 600 Index was 1.8 percent lower at 5:45 a.m. Eastern Time, with every industry sector losing ground.

Trading in the VelocityShares Daily Inverse VIX Short-Term ETN, which saw returns of 187 percent last year, was halted this morning.

The equity Selloff has investors changing their bets on the likely path of Federal Reserve rate increases , with the Market implied odds of hikes later this year easing.

A barrel of West Texas Intermediate for March delivery dropped to $63.85 by 5:45 a.m. as raw materials were caught in the market selloff.

There are some early signs of the overnight declines in metals easing as the Bloomberg Commodity Index pared losses to 0.1 percent .

Bitcoin briefly traded below $6,000 overnight as weakness in digital tokens continued, with Ripple, Ether and Litecoin also tumbling at least 11 percent.

READ MORE (Bloomberg)

  • VIX: The 'fear index' has only been this high on 3 prior occasionsBusiness Insider
  • Wall Street Turns Positive As Markets Regain Poise; Volatility Continues
  • Wall Street Fear Gauge Spikes Again, Taking VIX Past 50-Point
  • Market Rout Shatters Lull in VolatilityWall Street Journal
  • Volatility Jump Has Traders Asking About VIX Note Poison PillBloomberg
  • 'Short-volatility Armageddon' craters a pair of Wall Street's most popular ...MarketWatch
  • Investors Suffer Heavy Losses on Bets Against VolatilityWall Street Journal
  • BARCLAYS: A group of niche volatility traders will sell $225 billion of US ...Business Insider
  • Volatility expectations swell: Vix tops 40 for first time since 2015Financial Times

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Five Things You Need to Know to Start Your Day


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