In European Equity Markets the pan-European Stoxx 600 gained 0.74%, led by a 0.4% rise for chemicals and energy stocks while media and financial services continued to lag. Austrian chipmaker AMS said on Friday that its takeover bid for German lighting group Osram had failed, falling short of the required 62.5% shareholder agreement. Osram Licht stock fell 3.3% by the end of trade, while AMS fell 0.9% lower. Euro zone Sentix data, measuring investor sentiment, fell to -16.8 in October from -11.1 in September, hitting its lowest since April 2013.

In Currency Markets Turkey’s lira slid on Monday to its lowest level against the dollar in nearly a month after the White House said Ankara will soon launch unilateral military operations in northeast Syria. The lira was trading at 5.7825, its weakest level since Sept. 11, after closing at 5.7000 on Friday. The dollar was little changed against a basket of currencies on Monday as traders awaited U.S.-China trade talks later in the week for clues to the state of the prolonged trade war between Washington and Beijing, even as chances of a deal appeared low.

In Commodities Markets oil prices rose around $1 on Monday, buoyed by hopes of progress in U.S.-China trade talks and supported by challenges to supply facing major exporters. Brent crude rose $1.01 or 1.7% to $59.38 a barrel, while U.S. West Texas Intermediate (WTI) crude was at $53.80, up 99 cents or 1.9%. Both futures contracts ended last week with a more than 5% decline after dismal manufacturing data from the United States and China, with the trade row between the world’s top economies undermining global economic prospects.

In US Equity Markets indices fell on Monday as investors refrained from making big bets ahead of the trade talks later in the week, following a roller-coaster start to the month on fears that the U.S. economy could be sliding into a recession. The S&P 500 was down 0.37%, at 2,940.97. The Nasdaq Composit fell 0.30%, at 7,958.88. Nvidia Corp gained 3.1% after RBC Capital Markets raised its price target on the chip-maker on improving gaming and data center demand. The stock was the biggest gainer on the S&P 500.

In Bond Markets Portuguese government bonds outperformed on Monday after a credit rating upgrade and elections over the weekend that didn’t deliver any surprises. The country’s ruling Socialists won parliamentary elections held on Sunday. The Socialists fell short of an outright majority, though, meaning Prime Minister Antonio Costa will need to negotiate a new deal with one or both of his far-left allies. Its five-year government bond outperformed; the yield fell 4 basis points to -0.27%. Its 10-year benchmark yield was down 1 bp to 0.14%.