It could be a rough day on the world markets with China hitting lows they haven’t seen since 2007.
It’s being called a “Black Monday” in China with the Shanghai composite index dropping by more than 8.5% today and losing 12.5% last week.
European markets are already feeling the impact as investors there seem to have been gaining fear.
The price of oil is down below $40 per barrel as the week kicks off.
Also, the Dow Jones futures index has dipped by almost 6% and the Canadian dollar currently sits at 0.75 cents U.S.
Chinese slowdown fears and global growth doubts grip world markets http://t.co/lEXpiTsps3
— Times of India (@timesofindia) August 23, 2015