In European Equity Markets the pan-European Stoxx 600 closed down around 0.5%, with basic resources stocks shedding over 2% to lead losses as almost all sectors and major bourses traded in negative territory. In terms of individual stocks, Britain’s Jupiter Fund Management fell around 6% to the bottom of the Stoxx 600 after Bank of America Merrill Lynch and Barclays both cut the investment house’s target price Monday morning.

In Currency Markets the U.S. dollar gained 0.15% against a basket of currencies. Sterling fell over half a percent to $1.2550, retreating from a 15-week high of $1.2708 on Friday on optimism Britain could reach a deal on Brexit with the European Union. A Brexit deal was hanging in the balance on Monday after diplomats indicated the EU wanted more concessions from Prime Minister Boris Johnson and that a full agreement was unlikely this week.

In Commodities Markets oil prices fell more than 2% on Monday as scant details about the first phase of a trade deal between the United States and China undercut optimism over a U.S.-Sino thaw that had helped lift crude markets by 2% at the end of last week. Oil prices fell more than 2%. Brent crude futures fell 2.23% to $59.16 a barrel. U.S. crude lost 2.23% to $53.48 a barrel. Spot gold gained 0.4%, last trading at $1,494.68 per ounce.

In US Equity Markets stocks halted a three-day winning streak on Monday, as oil prices dived 2% and rising doubts over how quickly a partial U.S.-China trade deal announced on Friday could be sealed. Major indices were trading flat mid-day New York Time. Shares of U.S. construction and engineering company AECOM rose 5.6% after it agreed to sell its management services unit to private equity firms for about $2.4 billion.

In Bond Markets Euro zone bond yields fell on Monday, pulling away from last week’s 2 1/2- month highs, as a note of caution surrounding both Brexit and U.S./China trade talks encouraged investors back into fixed income. In Germany, the euro zone’s benchmark bond issuer, 10-year bond yields fell 3.5 basis points to -0.48%, below Friday’s 2 1/2-month high of -0.427%. Ten-year bonds yields in France, the Netherlands and Italy were also down around 4 bps each.