January 5, 2016


The markets opened lower on the first official day of trading in 2016, reacting negatively to China markets slump and news of tensions between two of the world’s biggest oil producers, Saudi Arabia and Iran. The Dow Jones plunged more than 400 points in the early hours of trading Monday.

China’s sluggish economy seems to continue to frighten investors as measures put in place by the Chinese government last year, after it devalued its currency Yuan in late summer, haven’t really curbed or stopped the country’s economic turmoils.

In addition to worries over China’s affairs, tensions in the Middle East, between Saudi Arabia and Iran- two major oil producers, left investors and the international community fretting over concerns of pending war in the region as the Syrian peace accord negotiations is put on life support for the time being.

The U.S. and the international community have called for calm in the region and urged both countries to show restraints not to escalate the tension further.

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