In European Equity Markets the pan-European Stoxx 600 ended down by 0.79 percent on Monday with all sectors except oil and gas lower on average. In autos news, the boss of Volkswagen’s luxury brand Audi was arrested Monday in relation to the German car-maker’s emissions test cheating scandal. VW shares were lower by 2.8 percent. Defense technology firm Cobham finished up by 4.59 percent after Morgan Stanley rose its outlook on the stock to overweight. U.K. food logistics supplier finished 7.79 percent lower. The stock was downgraded by Bank of America Merrill Lynch.

In Currency Markets anxiety about a global trade war spurred demand on Monday for the Japanese yen and Swiss franc, while the euro remained under pressure due to a dispute in Germany’s governing coalition and the European Central Bank seen holding interest rates into 2019. The ongoing trade dispute between the United States and China knocked the yuan to 6.4600 per dollar, its weakest in five months in the offshore market. The yen was up nearly 0.2 percent against the dollar at 110.45 yen and almost 0.3 percent higher versus the euro at 128.14 yen.

In Commodities Markets oil prices rose in volatile trade Monday as this week’s OPEC meeting raised the specter of production increases and as investors assessed the impact of a trade dispute between the United States and China. U.S. crude oil edged up 20 cents a barrel to $65.26 a barrel. The contract earlier traded at a two-month low of $63.59. Brent crude jumped $1.17 to $74.61 a barrel. In May, Brent hit a 3-1/2-year high above $80 a barrel, but has slid since then on reports that top suppliers Saudi Arabia and Russia will increase production.

In US Equity Markets the Dow fell more than 200 points on Monday and the other major indexes were lower, as China’s retaliatory action against tariffs imposed by the United States reignited fears of a possible trade war between the world’s two biggest economies. The S&P 500 was down 0.74 percent, at 2,759.13 and the Nasdaq Composite was down 0.75 percent, at 7,688.53. JD.Com’s U.S.-listed shares were up 2.5 percent after Alphabet’s Google invested $550 million in the Chinese e-commerce powerhouse.

In Bond Markets most government bond yields in the euro zone were steady to a touch lower on Monday, capped by the European Central Bank’s signaling last week that it will keep interest rates low well beyond the end of its stimulus scheme. Most high-grade 10-year bond yields were flat to a touch lower on Monday. Southern European bond yields continued to fall, with two-year Italian bond yields down 11 basis points at 0.56 percent. Germany’s benchmark Bund yield was unchanged at 0.40 percent.