Investing

World Markets Collapse, Shanghai Down 8%, Europe Slides at Open

World markets continued the collapse that began late last week. The Shanghai Composite dropped over 8%. The Nikkei was off off 4.6%.

In Europe, the FTSE and DAX fell over 2% at the open.

The primary reasons for the sell-offs appear to be the effects of a slowing economy in China on the balance of the world, a Japanese economy that refuses to recover, and a tepid recovery in Europe.

ALSO READ: 5 Defensive High-Yield Stocks to Survive the Sell-Off Carnage

Is Your Money Earning the Best Possible Rate? (Sponsor)

Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.

However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.

There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.