European markets will open in the red as global trade concerns worsen

European equities signaled a weak opening on Monday, as fears over the current world trade situation intensified, causing a drop in international markets.

Before the market opened, the FTSE 100 was down 32 points to 7,129 points, while the German DAX lost 85 points to 11,644 points and the French CAC 40 down 35 points to 5 points. 167 points, according to IG.

Stock markets will monitor trading relationships and their impact on the global economy. On Monday, the Asia-Pacific markets had a mixed to negative picture, as traders digested new data and reacted to the volatile Wall Street session on Friday.

The Dow Jones lost more than 350 points last Friday, after US President Donald Trump and his administration threatened to impose a 5% tariff on all Mexican imports in the near future, if the country does not tackle the problem. the "crisis of illegal migration".

The surprise announcement was caused by trade tensions between China and the states.

China's Defense Minister Wei Fenghe warned that the US could not interfere in security disputes over the South China Sea and Taiwan during the last recurrence of the Sino-US trade debacle. . At the same time, US Defense Secretary Patrick Shanahan said Saturday that the United States would "no longer hold" on the heels of Chinese behavior in Asia, according to Reuters.

Elsewhere, oil prices were down sharply on Monday as Brent and US crude showed signs of weakness in the face of trade war concerns.

Back in Europe, President Trump and First Lady Melania Trump are expected to arrive in Britain on Monday as part of her three-day state visit to the UK. The visit should, however, give rise to mixed reactions, with events planned during the visit. Prior to his arrival, opposition leader Jeremy Corbyn criticized the president for "unacceptable interference" in UK politics, after Trump's comments seemed to approve Boris Johnson as the next Prime Minister. Minister.

Elsewhere, the state of European politics remains at the center of concern, following the announcement, over the weekend, that Andrea Nahles would resign as leader of the German Social Democratic Party ( SPD).

On the data front, the manufacturing PMI figures of the euro area and the different European countries must be reported after the opening bell.