In European Equity Markets stocks were pointing in different directions by Monday’s close, as renewed fears over an escalating trade war between the U.S. and China capped gains in the region. The pan-European Stoxx 600 finished up 0.1 percent, with sectors showing a mixed picture by the close. All major bourses closed under slight pressure. Europe’s retail stocks were among the best performers, up 1 percent amid earnings news. Sweden’s H&M led the gains, jumping 15 percent, to the top of the benchmark after reporting better-than-expected earnings over the third quarter.

In Currency Markets the U.S. dollar slipped broadly on Monday as investors worried that Washington was set to announce a new round of tariffs on Chinese goods in the latest escalation of the trade conflict between the world’s two largest economies. The euro was 0.51 percent higher against the dollar at $1.1687, while the greenback also lost ground against the Swiss franc and the British pound. The dollar was 0.11 percent lower against the Japanese yen. U.S. President Donald Trump was expected to announce new tariffs on $200 billion in Chinese goods as early as Monday.

In Commodities Markets oil prices were little changed on Monday as market participants weighed potential supply cuts from U.S. sanctions on Iran with deepening trade tensions between the United States and China that could dent global crude demand. Brent crude futures rose 13 cents to $78.22 a barrel, while U.S. West Texas Intermediate (WTI) crude futures fell 8 cents to $68.91 a barrel. On Monday, Russian Energy Minister Alexander Novak said all possible scenarios for oil output could be discussed at a meeting of OPEC and non-OPEC states in Algeria this month.

In US Equity Markets indices were lower on Monday as technology names such as Apple and Amazon.com fell, bearing the brunt of expectations President Trump will make good on threats to set new tariffs on $200 billion of Chinese goods, and that Beijing will retaliate. Seven of the 11 major S&P 500 sectors were lower. The S&P 500 was down 0.20 percent, at 2,899.05 and the Nasdaq Composite declined 0.61 percent, at 7,961.35. Twitter fell 4.3 percent, the most on the S&P, after brokerage MoffettNathanson flagged concerns over rising expenses.

In Bond Markets U.S. Treasury yields rose across the board on Monday on growing expectations the Federal Reserve could raise interest rates a few more times this year after recent data showed wages spiking last month, elevating concerns about inflation. Yields on the 10-year touched 3.022 percent, the highest level since late May. U.S. 30-year yields also hit a four-month peak of 3.159 percent, while 2-year yields soared to 2.799 percent, the strongest level in 10 years. Global trade concerns have been on the back burner as investors focused on interest rate expectations.