European markets are expected to open mixed Monday, after the U.S. and Saudi Arabia stoked fears of conflict with Iran over the weekend.
Investors both stateside and across major markets will be monitoring geopolitical risks after U.S. President Donald Trump issued a new threat to Tehran, tweeting that conflict in the Middle East would be the "official end" of Iran, while Saudi Arabia warned it stood ready to respond with "all strength."
In Asia, stocks were mostly higher Monday afternoon, with only mainland Chinese shares closing lower as trade talks between the U.S. and China stalled amid the Trump administration's heightened scrutiny of Chinese telecoms companies. Over the weekend, Reuters reported that Google has suspended some business with Chinese telecoms giant Huawei.
Back in Europe, British Prime Minister Theresa May said she will present a "new, bold offer" to lawmakers with an "improved package of measures" in a final attempt to get her Brexit deal through parliament before leaving office. Meanwhile, European mainstream political leaders urged voters to reject the far right after a video sting operation brought down the leader of Austria's Freedom Party days before the European parliamentary election.posted its weakest annual profit in four years and said earnings could fall further next year, as Europe's largest budget airline battles overcapacity, Brexit and delays in delivery of the Boeing 737 Max.
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