In European Equity Markets the pan-European Stoxx 600 closed down just over 1 percent Monday, with major bourses and all sectors bar travel and leisure in negative territory. Britain’s FTSE 100 was the worst performing index, tanking 1.7 percent amid a flurry of downbeat company reports. The German DAX performed similarly, closing 1.4 percent lower. Travel and leisure was the only sector to finish positively, up by 0.4 percent. It was boosted by U.K. bookmakers William Hill and Ladbrokes, which closed up 4.2 and 2.9 percent respectively. This came on the back of new regulations from the Gambling Commission that were less harsh than initially feared.

In Currency Markets the US dollar was little changed on Monday after four straight weeks of gains as financial markets looked for the first rate increase of the year from the U.S. Federal Reserve. The dollar index was broadly flat against a basket of six major peers at 90.224. Sterling was the biggest gainer in currency markets as Britain and the European Union appeared to reach-broad agreement on a post-Brexit transition period and the Irish border. Sterling pushed to its highest level against the euro since Feb. 8, rising as much as 0.7 percent to 87.50 pence per euro and jumped 0.8 percent against the dollar at $1.4063 on relief over the agreement.

In Commodities Markets oil prices fell on Monday as energy market investors remained wary of growing crude supply, although tensions between Saudi Arabia and Iran gave prices some support. Brent crude futures were down 34 cents at $65.87 a barrel. U.S. West Texas Intermediate (WTI) futures fell 52 cents to $61.82 a barrel. Both contracts had risen briefly in early trade. A rise in U.S. rig counts last week also weighed on crude prices. U.S. drillers added four oil rigs in the week to March 16, bringing the total count to 800, the weekly Baker Hughes drilling report said on Friday. The U.S. rig count, an early indicator of future output, is much higher than a year ago as energy firms have boosted spending.

In US Equity Markets stocks slid about 1 percent on Monday, with volatility spiking, as Facebook’s shares fell after reports that its user data was misused led to concerns over broader privacy violations and sparked a selloff in technology stocks. Facebook shares fell 6 percent and were on track for their worst day in more than three years on reports that a political consultancy that worked on President Donald Trump’s campaign gained inappropriate access to data on more than 50 million users. All the 11 major S&P sectors were lower. The Nasdaq declined 1.58 percent to 7,363.71 and the S&P 500 fell 1.05 percent to 2,723.09.

In Bond Markets U.S. Treasury yields rose on Monday in line with higher European bond yields after the European Union and Britain reached a deal on a Brexit transition and after a report that the European Central Bank is shifting its debate on the expected path of interest rates. Germany’s 10-year government yield, the benchmark for the bloc, rose three basis points to 0.60 pct in the aftermath of the news. U.S. Benchmark 10-year notes fell 7/32 in price to yield 2.872 percent, from 2.848 percent on Friday.