UK and European stocks are continuing their downward trajectory since the UK and European Union came to a deal to reset post-Brexit relations.

U.S. Stocks tumbled as a downgrade of the U.S.′ credit rating by Moody’s caused Treasury yields to spike.

Asia-Pacific markets fell as investors assess the latest slate of economic data from China and Moody’s downgrade of the U.S. credit rating.

Oil prices were little changed on Monday with investors eyeing the outcome of Iran-U.S. nuclear talks and key economic data due from China to assess the impact on its commodities demand following trade tensions with the United States.

Gold prices rose, helped by a weaker dollar and safe-haven demand after Moody’s downgraded the U.S. government’s credit rating amid lingering trade concerns.

In equity markets, stocks that are particularly exposed to the US were the worst performers on the FTSE 100, with Flutter Entertainment, Scottish Mortgage Investment Trust and Pershing Square the biggest fallers.

Oil giant BP gushed lower amid weaker oil prices and after a downgrade to ‘hold’ at Jefferies.

Drinks giant Diageo reversed earlier gains as it reiterated guidance for full-year organic sales and operating profits after a solid pickup in underlying growth in the third quarter.