The article continues, in a context that China is the no. 2 global economy so has big impact:
Weaker-than-expected manufacturing data and a falling currency triggered a 7% fall in mainland Chinese stocks that led authorities to halt trading there for the rest of the day.
Meanwhile, rising tensions in the Middle East added to bearish sentiment across markets and sparked volatile trading in oil, offering a further glimpse of the themes investors say are likely to influence markets this year.Sky news is tracking:
Futures markets pointed to a 1.8% opening loss for the S&P 500. Changes in futures aren’t necessarily reflected in market moves after the opening bell
The Stoxx Europe 600 fell 2.8% midway through the session, led by a 4.3% drop in Germany’s exporter-heavy DAX index . . .
Let us take due note but let us not be troubled. END