The European actions expanded their decline, the Stoxx 600 decreasing by up to 1.1%, the steepest decrease of the last month. The FTSE 100 index is still more efficient, with a decrease of about 0.4%, while the German DAX index decreased by 1.7%, according to Bloomberg. The returns of the bonds are decreasing throughout the region, the pound has been withdrawn from the maximums of the day, while the euro increases to the dollar. There are three main topic that circulate on European markets and have an impact on the assets in the region:
Rates: The US has imposed new rates on China, Canada and Mexico, intensifying a global commercial war. This has resumed concerns about how these existing plans will have an impact on companies exposed to these countries and, in general, has resumed concerns about potential taxes that could also come for Europe.
Defense: The European Union has proposed loans worth 150 billion euros to stimulate expenses, one day after the perspective of a new superclic for defense expenses in Europe made the sector grow vertiginos. US President Donald Trump also ordered a break for military aid to Ukraine.
Oil: Gross oil prices have dropped Monday, after the OPEC+ group has reported plans to relaunch the offer following repeated delays, with additional pressure placed on the market that a commercial war will affect the global demand. The actions in the oil and gas sector are the ones that register the weakest performances in Europe, being affected by a combination of concerns about the impact that the tariffs and the OPEC+ signals will have on the plans to relaunch the increase of the production stopped. Futures contracts on Brent and WTI have dropped Monday after the OPEC+announcement, and fears that tariff measures will lead to a hard commercial war, which will affect the global demand, have affected even more. The subindic Stoxx 600 Energy has dropped by up to 3.3%, the largest decrease in October, with the big companies Shell, BP and Totalenergies in decline.
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