Article / 21 August 2017 at 11:39 GMT

Mid-session Europe: Shares slip, Maersk leaps on $7.45bn divestment

Saxo Markets
  • 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

Maersk rig
 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
Download document

Mid-session Europe: August 21, 2017


The Saxo Bank Group entities each provide execution-only service and access to permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on or as a result of the use of the Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer

Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail