Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Stocks in Europe closed lower on Monday, erasing earlier gains seen on the back of trade talks between the U.S. and China.
The pan-European Stoxx 600 closed down 0.3 percent, with sectors pointing in different directions. Technology was the best performer, up 1.5 percent, while the worst performing sector was household goods, which shed 1.1 percent.
Concerns over economic growth, Brexit and the U.S. government shutdown were seen curbing investor sentiment. Earlier in the session, stocks were actually higher as two days of trade talks between the U.S. and China began. U.S. Commerce Secretary Wilbur Ross said on Monday that the two economic superpowers were likely to reach a good settlement over immediate trade issues, although he warned that longer-term problems would prove more difficult to negotiate.
Centrica ended the session as the third-worst performing company, down by more than 4 percent, as Jefferies said the owner of British Gas will likely see earnings come under pressure this year. Heineken dropped 2.5 percent following news that Goldman Sachs had downgraded the stock to a "sell" rating.
Furthermore, Alstom was down by almost 2 percent after French newspaper Les Echo reported that the Alstom-Siemens rail deal was unlikely to be approved by European authorities. The European Commission has said it will announce its decision on the deal in mid-February.
Stateside, stocks were trading higher on Monday, with all three major bourses in the green. However, the dollar weakened on the back of growing speculation that the Federal Reserve will halt its multi-year rate hike cycle, with the euro gaining 0.6 percent on the U.S. currency.
Meanwhile, Brexit and other political events remain on the radar for investors. Sterling gained some ground on Monday, rising to a one-week high ahead of British lawmakers reconvening later in the week. Investors expect the next two weeks to be highly volatile as parliament prepares to vote on Prime Minister Theresa May's Brexit withdrawal agreement.
In France, President Emmanuel Macron is facing continued street demonstrations from the so-called "yellow vest" protestors, while new figures from Germany showed that industrial orders dropped by more than expected in November.