General World News

10 things you need to know in markets today

Protesters holding pictures of Shi'ite cleric Sheikh Nimr al-Nimr are pushed back by Iranian riot police during a demonstration against the execution of Nimr in Saudi Arabia, outside the Saudi Arabian Embassy in Tehran January, 3, 2016.

Good morning! Here are the 10 things you need to know in markets on Monday.

Saudi Arabia has executed a prominent Shi’ite Muslim cleric, spurring regional anger, sparking geopolitical tensions, and sending markets into tailspin. Asian markets are diving, with Japan’s Nikkei down 3% at time of writing (6.22 a.m. GMT/1.22 a.m. ET) and the Hong Kong Hang Seng down 3.3%.

But oil is jumping. Saudi Arabia has cut off diplomatic ties with Iran, sending the price of benchmark Brent crude jumping as much as 3% overnight amid uncertainty of supply. Brent is up 0.90% at $37.95 (£25.75) at time of read more >>>

Source : BusinessInsider.Com