European stocks dive

European stocks dive

On Monday, European stock markets sank after the open, as the greenback remained on the back foot and crude prices kept moving south, applying pressure on sentiment.

Market participants also mulled headlines out of the G20 finance ministers gathering in Germany at the weekend in order to assess the overall potential impact that trade barriers could have on the global surge.

The EURO STOXX 50 declined 0.1%, France’s CAC 40 lost 0.3%, Germany’s DAX 30 went down 0.3%. Additionally, the FTSE100 edged down 0.2% in London.

Earlier, in Asia, financial markets concluded mixed, with the Shanghai Composite in China ending up about +0.4%, while Japan's Nikkei remained unavailable for a public holiday.

The greenback extended its losses to a fourth trading session, staying on track for its longest losing streak since early November in wake of the Fed’s dovish guidance on the path of rate lifts in 2017.

As for early movers, Deutsche Bank stocks slid approximately 2% in Frankfurt after the German lender reported that it was issuing 687.5 million new stocks in order to raise $8.6 billion.

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