21 August 2017 at 11:39 GMT
- European equities fall on renewed US-North Korea tensions
- President Trump slated to speak on Monday about Afghanistan policy
- EURUSD hovers around 1.1756, JPY supported
- Maersk shares jump 4.1% on a deal to sell oil and gas business for $7.45bn toTotal
Danish shipping and oil group A.P. Møller-Maersk is taking a big step to shed
its conglomerate image by divesting its oil and gas business to Total.
By the Global Sales Trading Team
- European stocks retreated on Monday on renewed US-North Korea tensions, as the US and South Korea started joint military drills.
- US president Donald Trump is scheduled to deliver on Monday his first speech — on policy towards Afghanistan — after firing his chief strategist Steve Bannon at the end of last week.
- EURUSD is dancing around 1.1756, where it has been hovering for the past two weeks
. Meanwhile, JPY is supported, with the main European bourses in the red.
- A.P. Møller-Maersk shares jumped 4.1% in Copenhagen after the shipping heavyweight reached a deal to sell its oil and gas business for $7.45 billion to French oil producer Total.
Please click on the attached PDF for the Saxo Bank Global Sales Team's overview of the mid-session movements seen in forex, equity, FX option, commodity, and bond markets.
Mid-session Europe: August 21, 2017