Global Markets Under Pressure, Led by Fall in Japan's Nikkei

Many global markets are under pressure after the Nikkei in Japan was hit hard. Among other things, investors expressed worry about negative interest rates and how that could hurt the banking sector. The decline in the Tokyo stock market prompted buying in the Japanese currency, the Yen. European stocks traded lower as well. There's been a big shake-up at Disney (DIS) - Get Report . The heir apparent to CEO Bob Iger stepped down. Chief operating officer Thomas Staggs will leave the company May 6th after leading the Theme Parks division since 2010. The Los Angeles Times says Disney's Board of Directors was not yet prepared to make a final decision regarding the CEO selection and Staggs 'read the tea leaves' and decided to leave the company. One issue for Disney's board may have been Staggs' lack of a serious creative pedigree. Allergan (AGN) - Get Report shares plunged after the Treasury Department issued new rules on tax inversion that put its merger with Pfizer in question.