Markets mixed as trade concerns remain

Markets were mixed on Monday.

The STOXX Europe 600 rose 0.1 percent but the Nikkei 225 fell 0.7 percent. The US stock market was closed for a holiday.

Trade remained a concern after US President Donald Trump tweeted over the weekend that there “is no political necessity to keep Canada in the new NAFTA deal”.

“As we head into a new week and month, it is these concerns that will remain front and center of investors’ minds, along with increasing concerns about stability in emerging markets,” said Michael Hewson, chief market analyst at CMC Markets UK.

Similarly, Vishnu Varathan, head of economics and strategy at Mizuho Bank, said that “if Trump tightens the screws on China, (emerging markets) risks could flare up again, with EM Asia currencies perhaps bearing the brunt of the burn”.