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European stocks seen lower on geopolitical tensions and weak Chinese data

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European stocks were expected to open lower Monday morning as investors digest an escalation of tensions in the Middle East following an attack on Saudi oil.

, effectively wiping out 5% of global supply. Brent crude hit its highest intra-day percentage gain since the start of the Gulf War in 1991, and was trading around 10% higher Monday morning.and was waiting to hear from Saudi Arabia as to the next steps, sparking fears of imminent military confrontation.

Asian stocks were mixed Monday afternoon after data revealed Chinese industrial output for August grew at its slowest pace for 17.5 years. Chinese Premier Li Kequiang said it isor more, due it its high starting base and a turbulent international backdrop. Back in Europe, U.K. Prime Minister Boris Johnson on Sunday reiterated that the next few days would be key to securing a Brexit deal as he prepares to meet with European leaders.

Meanwhile in Italy, reports suggested that former Prime Minister Matteo Renzi is planning to break away from the ruling Democratic Party to set up a new centrist movement, complicating the new coalition between the PD and the anti-establishment Five Star Movement .is planning layoffs as part of a cost-cutting effort after U.S. investment firm KKR became its largest shareholder, the German media group's chief executive said in an interview published Sunday by the Sueddeutsche Zeitung.

 

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BuY tHe Dip Green by close! Hurry!

Is Burj Khalifa public? Its stock & others related to it (hotels, etc) should also be declining.

Well, Brace for a down-turn Trump on Monday into Friday! Thanks Jared for all your work in the Middle East

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