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