Skip to content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Geopolitics Back in Focus, Lead European Markets Lower

Geopolitics Back in Focus, Lead European Markets Lower

Katie Pilbeam, Contributor

European markets are in the red this Monday as geopolitical concerns are once ahead fueling the risk off attitude and European markets have taken their cue from the somber mood on Wallstreet.

Geopolitical tensions between the US and North Korea are easing somewhat, but remain one of the key market drivers as well as uncertainty over US President Donald Trump’s tax reform plans.

French and oil giant Total will pay $7.45bn for mature oil exploration and production assets from Danish conglomerate AP Moller-Maersk. The Container shipping group has agreed to sell its oil and gas division, as it seeks to focus on its core transport and logistics businesses. And this works for Total because it is keen to boost its presence in the North Sea and have more exposure to more stable environments.

China's Great Wall Motor is sizing up Fiat Chrysler. A Great Wall official told Reuters it had "an intention to acquire" the Italian-American car marker that also owns Jeep. However, Fiat Chrysler said it was yet to receive an approach from Great Wall - China's biggest SUV maker. Shares in Fiat Chrysler Automobiles jumped over 2% following the news.

If you're interested in a strategy session, check out the DailyFX Webinar Page.

--- Written by Katie Pilbeam, DailyFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES