World markets in decline, led by 6% slump in China

World markets are falling again, led by a 6% slump in Chinese shares. Investors seem spooked by more weak data, and oil falling below $30 a barrel once again. Stock markets in London, Frankfurt and Paris followed suit, with a bumpy start to trading, and falls off 1.5 to 1.8%. Global markets had slightly rebounded after falling dramatically last week. Meanwhile, all eyes will be on a U.S. Federal Reserve meeting this week to see whether it acknowledges concerns over China and whether that will delay any interest rate increases this year.

More from Business News

On Virgin Radio today

  • Non Stop Hits

    Midnight - 6:00am

    The UAE's #1 Hit Music Station with no interruptions

  • The Kris Fade Show

    6:00am - 10:00am

    Kris, Priti and Rossi host the UAE's biggest radio show. It's full of fun, laughs and it's Where The Stars Live.

Trending on Virgin Radio