In European Equity Markets  indices posted slight gains by the Monday’s close as investors digested news of a trade agreement between the U.S., Canada and Mexico. The pan-European Stoxx 600 closed up 0.20 percent. In the corporate space, travel and leisure equities were some of the worst performers Monday following news that Ryanair had cut its full-year profit guidance. The stock fell12.5 percent by the close, making it one of the worst performers in Europe. Other airlines were impacted by the news, with Easyjet down by 7 percent and Air-France-KLM dropping 4 percent.

In Currency Markets the British pound rose against the U.S. dollar on Monday on a Bloomberg report that the UK government was proposing a compromise on the Irish border issue. The report sparked optimism that Britain would be able forge a deal to leave the European Union. Sterling gained 0.19 percent on the day against the dollar to $1.3053. The Canadian dollar, meanwhile, strengthened 0.7 percent against the dollar after the United States and Canada reached a last-minute deal on Sunday.

In Commodities Markets brent crude oil neared its highest since November 2014 on Monday, driven by concern about a supply crunch once U.S. sanctions against Iran come into force next month. December Brent futures were last up 45 cents at $83.18 a barrel, having touching their highest in almost four years at $83.32. U.S. light crude futures were up 17 cents at $73.42. Investors have indicated that they see prices rising, loading up on options that give the holder the right to buy Brent at $90 by the end of October.

In US Equity Markets got off to a strong start of the fourth quarter on Monday, with industrials and automotive stocks leading a broad rally after a last-minute deal to salvage NAFTA as a trilateral pact. Shares of Ford jumped 1.6 percent, while General Motors gained 1.3 percent. Auto-part makers also climbed and the S&P 1500 auto parts & equipment index rose 0.38 percent, marking its first increase in seven sessions. The S&P 500 was up 0.66 percent, at 2,933.34 and the Nasdaq Composite rose 39.80 points, or 0.49 percent, at 8,086.16.

In Bond Markets Italy’s shorter-dated bond yields jumped to one-month highs on Monday, pushed up by fears that plans for a significant increase in the country’s budget deficit will spark a clash with the EU and exacerbate already high debt levels. Italy’s two-year bond yield jumped 25 basis points to 1.34 percent, five-year debt yields were 30 bps higher at 2.51 percent. Both hit one-month highs. As Italy’s 10-year bond yield rose 15 bps to 3.29 percent , the Italian/German 10-year bond yield gap widened to around 280 bps, its highest in a month.