The Weekend Is Over, And Markets Are Getting Slammed

judo japan karate

Photo: Jamie McDonald / Getty Images

Markets in Asia are tanking early in the trading session.Japan’s Nikkei is down 1.2%.

Korea’s Kospi is down 1.2%.

Australia’s S&P/ASX is down 0.7%.

For the most part, it looks like Asia is playing catch up to last Friday’s massive sell-off in Europe and the U.S.

The Spanish debt situation has everyone freaking out, and it’s been showing up in Spain’s surging CDS spreads.

U.S. futures are down slightly.  Dow futures are off 11 points.

Earnings season kicks into high gear this week with 83 S&P 500 companies announcing Q1 results.

All eyes will be on Citigroup Monday morning.  The financial behemoth announces earnings before the U.S. markets open. 

Click here for a preview of Citi’s earnings announcement.

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.


Tagged In

markets moneygame-us