In European Equity Markets indices ended Monday’s session in the black, as investors reacted to news that two key Brexit proponents had resigned from the British government. The pan-European Stoxx 600 closed up 0.58 percent, with the majority of the region’s sectors finishing in positive territory. In spite of chaos surrounding Brexit, the U.K.’s FTSE 100 popped 0.92 percent, while the French CAC 40 rose 0.42 percent and Germany’s DAX finished up 0.38 percent. Air France-KLM closed up over 7 percent, after posting higher passenger numbers for June, despite several strikes.

In Currency Markets the U.S. dollar recovered from a 3-1/2 week low on Monday as the pound fell following the announcement that UK Foreign Secretary Boris Johnson resigned from the government. Sterling fell to a daily low of $1.324 after Johnson quit in protest over Prime Minister Theresa May’s plans to leave the European Union. Against the pound, the Swiss franc strengthened to a daily low of 1.312. The sterling/Japanese yen cross rate also fell to a daily low of 146.56. The dollar index rose 0.4 percent against a basket of six major currencies to a daily high of 94.068.

In Commodities Markets oil prices rose on Monday as increased global demand and U.S. efforts to shut out Iranian output through the use of sanctions outweighed drilling data suggesting that U.S. shale production would climb. Benchmark Brent crude oil was up 60 cents at $77.71 a barrel. U.S. light crude rose 10 cents to $73.90. The United States says it wants to reduce oil exports from Iran, the world’s fifth-biggest producer, to zero by November in a move that will oblige other big producers such as Saudi Arabia to pump more.

In US Equity Markets stocks rose on Monday, with banking and industrial shares driving a third day of gains on Wall Street as investors looked ahead to a strong quarterly earnings season, setting aside trade concerns. Bank stocks were the biggest gainers, with the S&P banks index rising 2.2 percent, on track for its biggest percentage gain in over a month, helped by a rise in U.S. yields. The S&P 500 was up 0.70 percent, at 2,779.18 and the Nasdaq Composite was up 0.50 percent, at 7,726.87. Caterpillar rose 3.5 percent, providing the biggest boost to the Dow.

In Bond Markets Treasuries yields rose on Monday as investors moved into equities and freed up cash for new Treasuries auctions this week, following a strong U.S. jobs report on Friday and a muted response to the start of U.S. tariffs on Chinese imports. The yield curve remained near its flattest spread since 2007 on low inflation expectations and rate hikes from the Federal Reserve. The benchmark U.S 10-year note yielded 2.860 percent, up 2.7 basis points from Friday.