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WORLD HEADLINES – Markets tumbled on Tuesday as fears about a slowing global economy gripped investors, just as the U.S. Federal Reserve looks set this week to deliver its fourth interest-rate hike of the year.
STOCKS – Blue-chip bourses in London, Paris and Frankfurt fell as much as 0.8 percent in early trade with oil stocks leading the decline as crude prices slid more than three percent.
BONDS – Treasuries continued to rally, pushing against recent highs.
COMMODITIES – U.S. crude fell as low as $47.84 per barrel, its lowest since September last year. Brent crude oil futures fell 3 percent to $57.79 per barrel.
CURRENCIES – The euro was up, having recovered all of its losses from Monday when it was hit by weak euro zone data. The dollar was weaker against Japan’s currency, trading down 0.4 percent, partly due to the unwinding of the carry-trade.
ECONOMIC DATA – U.S. Building Permits due at 8:30 ET.
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