In European Equity Markets indices closed significantly lower Monday as investors worried about further tariffs in global trade and the effect of Brexit. The pan-European Stoxx 600 ended 2.02 percent lower the session with every sector in the red. The FTSE 100 closed lower by 2.26 percent. Autos were among the worst performing sectors, down by 2.34 percent, as a result of the rising tensions in trade. Looking across the European benchmark, Ambu rose about 6.6 percent, after JP Morgan gave it an overweight rating.

In Currency Markets the US dollar fell against the Japanese yen on Monday as worries about escalating trade tensions between the United States and other leading economies kept risk appetite in check. The greenback was down 0.3 percent at 109.63 yen, after slipping to a two-week low of 109.38 earlier in the session. China’s yuan on Monday ended the official domestic trading session at its lowest in six months after the central bank cut reserve requirements for some banks to boost lending.

In Commodities Markets brent crude oil fell on Monday as investors prepared for an extra 1 million barrels per day (bpd) in output to hit the markets after OPEC and its partners agreed to raise production. Brent crude futures fell $1.15 to $74.40 a barrel, while U.S. light crude rose 20 cents to $68.78 a barrel, supported in part by a Canadian supply outage. Prices initially jumped after an OPEC deal to increase output was announced late last week, as it was not seen boosting supply by as much as some had expected.

In US Equity Markets indices fell on Monday, with technology and industrials bearing the brunt of an escalating trade dispute between the United States and other leading economies. The S&P 500 was down 1.18 percent, at 2,722.47 and the Nasdaq Composite fell 1.81 percent, at 7,553.43. Eight of the 11 major S&P sectors were lower, with gains only in defensive utilities, consumer staples and telecoms. Harley-Davidson fell 5 percent after the motorcycle maker forecast additional costs due to European Union tariffs.

In Bond Markets the U.S. Treasury yield curve flattened to its lowest level in over 10 years on Monday as concerns about trade wars and divisions within the euro zone boosted demand for longer-dated safe haven debt. The yield curve between 2-year and 10-year notes flattened to 33 basis points, the lowest level since 2007. Italian bonds also fell on Monday and safe-haven German Bunds were in demand as a debate over migration threatened to widen divisions within the euro zone and undermine German Chancellor Angela Merkel’s authority.