Around the markets

Gold has steadied after the heavy falls of last week and has managed to edge higher during Asian trade, up 0.5% to $1631/oz. Oil has fallen again, down over 1.5% to $78/bbl.

The Nikkei is 2.7% lower and the Hang Seng has crashed by almost 5%.

The sour mood in financial markets to start the week has meant that the JPY crosses are lower today, led by AUD/JPY which is 1.25% lower on the session.