Crude Oil Declines as Global Glut Outweighs Middle East Tensions

Oil fell, erasing an earlier gain, as a global glut outweighed an increase in tension between Saudi Arabia and Iran. The Saudi government cut ties with Iran following an attack on its embassy in Tehran by demonstrators protesting the execution of a prominent Shiite cleric. Prices last week capped the biggest two-year loss on record amid speculation a global glut will be prolonged as U.S. crude stockpiles expanded and the Organization...

Gold Rises Most in Two Weeks on Equities Drop, Mideast Tensions

Gold had the biggest gain in two weeks as plunging global equities and mounting tensions in the Middle East spurred a return to haven assets. Emerging markets equities slid the most since August and the Dow Jones Industrial Average sank more than 300 points, as slowing Chinese manufacturing triggered a selloff that halted trading in Shanghai. Saudi Arabia and some of its allies severed or downgraded ties with Iran in the biggest meltdown...

U.S. Stocks Tumble After Selloff in China Renews Growth Concern

U.S. stocks tumbled to start 2016, as a rout in Chinese equities renewed concern that an economic slowdown there will damp global growth. Investors returning to the market after the New Year holiday faced a worldwide selloff sparked by weak factory data in China, while a reading that showed the fastest contraction in U.S. manufacturing in six years bolstered anxiety that slowing growth in the world’s second-largest economy is spreading....

U.S. Stocks Fall After Selloff in China Renews Growth Concern

U.S. stocks fall to their lowest levels since October to start 2016, with the Dow Jones Industrial Average down more than 400 points as a rout in Chinese equities renewed concern that an economic slowdown there will damp global growth.Investors returning to the market after the New Year holiday faced a worldwide selloff sparked by weak factory data in China, while a reading that showed the fastest contraction in U.S. manufacturing in...

European Stocks Slammed by Chinese Market Rout

European stocks were in a sea of red on Monday, as a sharp selloff in China scared investors out of equities. The Stoxx Europe 600 index slumped 2.5% to close at 356.66 in the first session of the new year, after gaining 6.8% in 2015. All major sectors were in the red, led by basic materials, consumer goods and financial plays. Equity strategists have generally been optimistic about the outlook for European stock markets in...