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A lack of updates on the US-China trade talks is weighing down Wall Street investors.
Last week, Iceland's WOW Air ceased operating and today the country's central bank is warning about the impact on the local economy,

"Risk in the financial system has been considered relatively moderate in the recent term, albeit subject to change if economic shocks should strike. Some of that risk has now materialised in the failure of the capelin [fish] catch and the collapse of WOW Air. These developments make it clear that export revenues and GDP growth will be weaker than was assumed in the Central Bank’s February forecast. There are still risks that have not yet materialised but could do so in the near future," the bank says in its financial stability report .

"Although WOW Air’s collapse will cause some losses in the banking system, it had already been established that the direct impact on Iceland’s systemically important banks would be limited.

"The indirect impact — including the impact of the capelin catch failure and other potential shocks — is more difficult to assess at this juncture. It will depend in part on how quickly and to what extent other airlines fill the gap left by WOW Air, and the extent to which economic policy and other policy actions mitigate the effects of the shock".