Stock markets likely to continue downward trend

The global financial markets started the week deep in the red, threatening a week of stock market turbulence. In Asia, last week's sell-off is continuing: Japan's Nikkei is currently down more than 8%. +Get the most important news from Switzerland in your inbox Opening losses are also on the cards for the other stock markets. Broker IG is currently calculating a drop of 1.0% for the SMI at the start of trading. The German Dax, for example, is estimated to be more than 1% lower and US futures are also currently pointing to a weak start to trading. + Read how the Swiss economy is faring Meanwhile, the flight to safe havens such as the Swiss franc continues on the currency markets. In the morning, the euro/Swiss franc pair fell to 0.9281 at times. The last time the currency pair traded this low was at the beginning of the year. The cryptocurrency Bitcoin, on the other hand, is currently at its lowest level since February. And with its jump last Friday, the volatility index VSMI is now ...