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.
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