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European equities advanced on Monday, as investors assessed current worries about world trade while assessing a victory for anti-constitutional politicians in the elections in Sweden.
What are the markets doing?
The Stoxx Europe 600
SXXP, + 0.31%
rose 0.3% to 374.86, after rising slightly in Friday's session, while suffering a weekly loss, down 2.2% last week.
The pan-European gauge is down 3.7% since the beginning of the year.
DAX 30 in Germany
DAX, + 0.13%
was 0.1% higher at 11,963.36, while the CAC 40
PX1, + 0.19%
added 0.1% to 5,258.78. The FTSE 100 from the UK.
UKX, + 0.16%
up 0.1% to 7,285.98.
L & # 39; euro
EURUSD + 0.2077%
climbed to $ 1,1564, up $ 1,1553 on Friday night in New York, while the pound
GBPUSD, + 0.2868%
$ 1.2942 bought, up $ 1.2901.
Do not miss: 5 reasons to return to euro zone values for the rest of the year
What is driving the market?
Trade tensions between the United States and its partners have put pressure on global markets in recent months. Next week, the tweet of President Donald Trump during which he encourages Apple Inc. to worry.
AAPL, -0.81%
to transfer its manufacturing activity to the United States, a comment that has helped exert some pressure on Asian technology stocks.
Investors are also worried about another breakthrough for anti-constitutional European politicians, with Sweden becoming the last country to post a change over the weekend. The far-right Swedish Democrats, an anti-immigration party with neo-Nazi roots, garnered around 17.6% of the votes cast on Sunday.
What do the strategists say?
"The SD has pursued a stricter immigration policy and wants Sweden to leave the EU," said David Madden, an analyst at CMC Markets UK, in a note referring to the European Union, the largest trading block in the country. the region.
"Elections are unlikely to shake financial markets, but we can not ignore the growing skepticism of the euro."
movers
Actions in RPC Group PLC
CPP + 20.74%
21% after the packaging and container company has confirmed its intention to sell.
Shares of Compagnie Financiere Richemont SA
CFR + 1.41%
added 1.4% after parent Cartier appointed Jerome Lambert as CEO. Richemont also said that five-month sales through August showed a double-digit growth rate.
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