Shares seen heading down, fear gauges rise

Monday, 12. September 2016 08:13

Asian stocks plunged and stock index futures implied a sharp dip on the start of trading in Europe. The iPath S&P 500 volatility index jumped 16% on Friday.

The FTSE 100 was seen losing 1.62%, German DAX was expected to plunge 1.4%, and the indicator for the CAC 40 shed 1.5%. Bets indicated drops of 0.47% in the S&P 500 and 0.5% in the Dow Jones Industrials, while the Nasdaq 100 was seen heading 0.58% lower on the opening bell (all 8:10 a.m. CET).

At the same time, gold was holding barely in the green, at $1,329 per ounce, while silver fell 0.32% to change hands for $19, after dipping to $18.8 for one troy ounce earlier in the session. Platinum lost 0.47% and palladium shed 0.22%.


Image: EPA / Arne Dedert


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