In European Equity Markets the pan-European Stoxx 600 ended 0.6 percent down, with all major bourses in negative territory. Almost all sectors were also trading in the red. Europe’s technology stocks were the worst performers, down more than 1.5 percent. Denmark’s Pandora fell toward the bottom of the European benchmark, after Morgan Stanley cut its price target for the company. The Copenhagen-listed stock fell 6 percent. Britain’s Burberry was trading in positive territory after Bank of America Merrill Lynch raised its stock recommendation to “neutral” from “underperform.”

In Currency Markets sterling jumped on Monday against the dollar and the euro after ITV’s political editor Robert Peston tweeted that a pro-Brexit group of Conservative lawmakers may support Prime Minister Theresa May’s deal in parliament. The currency firmed to a two-month high of $1.2930, up 0.6 percent on the day, while against the euro it touched a new five-week high of 88.75 pence. The Australian dollar and kiwi dollar, gauges of global risk appetite, fell on Monday on fears of a slowdown in China’s economy prompted by a contraction in Chinese exports.

In Commodities Markets oil prices edged lower on Monday, pressured by data showing weakening imports and exports in China that raised new worries about a global economic slowdown hurting crude demand. Brent crude futures fell 22 cents to $60.26 a barrel. U.S. West Texas Intermediate (WTI) crude futures fell 8 cents to $51.51 a barrel, after sinking to a session low earlier of $50.43. Data out of China spurred fresh concerns about weakness in the global economy. China’s exports fell by the most in two years in December while imports contracted, official figures showed.

In US Equity Markets technology shares pulled Wall Street lower on Monday, after an unexpected decline in China’s exports in December reignited worries of a slowdown in global economic growth. Chip-makers, which get a sizable portion of their revenue from China, took a hit, with the Philadelphia SE semiconductor index falling 1.60 percent. Trade-sensitive Boeing Co and Caterpillar Inc fell more than 1 percent. The S&P 500 was down 0.63 percent, at 2,579.92 and the Nasdaq Composite declined 0.88 percent, at 6,910.28.

In Bond Markets U.S. Treasury yields on most maturities slipped on Monday, in line with weakness in European bond markets, as global stocks fell due to weak Chinese trade data and soft euro zone numbers. Yields on U.S. 10-year and 2-year notes fell to one-week lows. U.S. 30-year yields, however, were up slightly on the day. Germany’s 10-year government bond yield, the euro zone benchmark, fell two basis points to 0.214 percent lower on Friday’s close. U.S. 10-year note yields fell to 2.693 percent from 2.699 percent late on Friday.