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 Good morning! Here's everything you need to know in markets on Tuesday. Bond Yields Are Plunging. Investors are flooding the global government bond markets, send yields lower. The 10-year US Treasury yield tumbled to as low as 1.97%. German and French yields fell to all-time lows. Oil Is Crashing Again. Brent crude crashed to as low as $51.23 a barrel. WTI crude touched $48.47. The Ruble Is Crashing. The Russian currency plunged late Monday through early Tuesday to as weak as 64.24 per dollar. The currency's drop coincides with crude oil's crash Monday to below $50 per barrel, the lowest price for the commodity since April 2009. The Market Bleed Has Stopped. Following Monday's brutal US stock market sell-off, Japan's Nikkei plunged 3.0% and Hong Kong's Hang Seng fell 0.9%. After an early sell-off, European markets are back in the green, with France's CAC 40 up 0.2%, Germany's DAX up 0.6%, and Spain's IBEX up 0.1%. US futures are up, with Dow futures up 35 points and S&P futures up 4.5 points. US Services Data Coming. At 10 a.m. ET, we'll get the ISM services index. Economists estimate this index of services industry activity declined to 58.0 in December from 59.3 in November. "Pay attention to the ISM employment subcomponent — it fell 0.9 points to 56.7 in November after registering a nine-year high in October (59.6)," Deutsche Bank's Joe LaVorgna wrote. "Over the past 12 months, this series has averaged roughly 55 so anything near this level can still be considered quite strong." The Eurozone Economy Picked Up A Bit In December. The eurozone's composite PMI figure hit 51.7 in December, while the services-only part of the index was at little higher at 51.6. In November, both the services and whole economy PMI readings stood at 51.1, narrowly above the neutral 50 mark. Despite that improvement, the fourth quarter of 2014 was still the weakest in a year and a half for the eurozone. China's Services PMI Already Picked Up To A 3-Month High. China's services sector grew at its fastest pace in three months in December as new orders remained strong, an encouraging sign of strength even as manufacturing activity slows and the property market softens. The HSBC/Markit Services PMI hit 53.4, up from November's 53.0 and well above the 50-point neutral level. Beijing Is Also Fast-Tracking $1 Trillion Of New Projects To Stimulate The Economy. The Chinese economy's slowdown has prompted the government to accelerate hundreds of infrastructure projects valued at over $1 trillion collectively, Bloomberg reports, citing people familiar with the situation.
US Telecommunications Giant Verizon May Buy AOL. Verizon has recently talked to AOL about an acquisition or joint venture, according to a report just published by Bloomberg. Sony Saw Strong Christmas Demand For Its Playstation 4. Sony Corp's sales of PlayStation 4 video game consoles exceeded 18.5 million units as of Sunday, up from 13.5 million at the end of October, showing solid holiday demand and a bright spot for a company recovering from a massive cyberattack. | 
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