European stocks seen mixed as investors await trade and geopolitical developments

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European stocks pointed to a mixed open Monday as the U.S. and China prepare to sign a so-called 'phase one' trade deal on Wednesday, while protests erupt in Iran over the downing of a Ukrainian commercial airliner.

Representatives from Washington and Beijing are expected to sign the first phase of a long-awaited trade accord on Wednesday, and U.S. Treasury Secretary Steven Mnuchin insisted on Sunday that China's commitments had not changed during a lengthy translation process. Mnuchin also confirmed that the details will be published this week.

Asian stocks mostly advanced on Monday as investors look ahead to the inking of the deal, with MSCI's broadest Asia-Pacific index excluding Japan gaining 0.49%. Tensions in the Middle East have continued as anti-government protests spread across Iran, after the Iranian regime admitted that its armed forces

 

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They're waiting to see if we sell off, today.

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