Friday happiness seem to have lasted only the Asian hours on Monday and in European hours, tensions and volatility seem to be back in the market. Friday's ground breaking 10% rally in oil is fading and price has started to head south again.
- Japanese benchmark stock index, which was up in Asia and closed 0.9%, is down now close to -1.5% in CFD.
- Australia's ASX200, which closed at 1.85%, now trading flat in future
- UK's FTSE 100 is down -0.4%
- European blue chip index is down close to -0.8%.
- DAX CFD is down -0.8%
- France's CAC40 CFD is down -0.9%
- Italy and Spain's benchmarks are down -0.4 and -0.9% respectively.
- SPX 500 is pointing to -0.4% loss.
And blame the change in mood on oil.
- North American benchmark WTI is down -3.6%, trading at $31/barrel
- Global benchmark Brent is down -3.1%, trading at 10 cents premium to WTI.
Safe havens on the other hand, enjoying bids.
- Gold is up 0.5%, trading at $1103/troy ounce
- Bund is up 0.1%, trading at 161.3
- Yen is up, 0.45%, trading at 118.3