European markets extended gains on Tuesday despite continued wariness in Asian markets regarding China, as the oil price rebounded from session lows.
A stronger U.S. dollar is compounding an oil market rout that has seen crude prices fall by almost 20 percent this month, and options trades suggest the market is preparing for deeper losses ahead.
China’s economic slowdown and financial mayhem are fostering a cycle of decline and panic across much of the world, as countries on nearly every continent see escalating risks of prolonged slumps, political disruption and financial losses.
Next Trading Day's Important Events
- 11:00 (GMT 3) Non-monetary policy's ECB meeting
- USDJPY: 117.97
- EURUSD: 1.0837
- S&P 500: 1,923.67
- NASDAQ : 4638.0