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Markets

Global markets turn gloomy ahead of Fed, Brexit votes

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Opening sequence

Markets

Global markets turn gloomy ahead of Fed, Brexit votes

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COMING UP:Global markets turn gloomy ahead of Fed, Brexit votes

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Transcript

00:00:01
>> Wall Street getting a case of the jitters ahead of two potentially major market moving events.>> I'm Reuters reporter Conway Gittens watching the markets for you from New York. At one point, the selling was so intense that the S&P 500 was down more than a full percent, and that's something that hasn't happened in more than two months.
00:00:21
Rising worries about the timing of a federal reserve interest rate hike pulling stocks down in the biggest two day sell off in more than a month. Fed Chair Janet Yellen begins presiding over a two day meeting on this Tuesday. While most investors are not expecting the Fed to raise rates for only the second time since the financial crisis, others are not so sure.
00:00:42
Investors also on edge over a vote later this month, on whether the United Kingdom should pull out of the Eurozone. Both events have the potential to provide an unwelcome surprise to financial markets, a risk some investors aren't willing to take heading into the weekend.