European stocks
and U.S. futures fell on Monday, as geopolitical tensions in Asia and
U.S. President Donald Trump's accusation that his predecessor Barack
Obama wiretapped him overshadowed a flurry of M&A activity in
Europe.
Deutsche
Bank shares slumped more than 5 percent after Germany's biggest lender
said it needs to issue more shares to raise 8 billion euros of capital.
That dragged down European banking stocks and weighed on broader indices, trumping a rise in shares of asset management firms after Aberdeen and Standard Life set the terms of their 11 billion pound tie-up.
The FTSEuroFirst index of 300 leading shares and Germany's DAX fell 0.7 percent, both hit by the 5.3 percent slide in Deutsche Bank. The European banking index was down 1 percent.
U.S. stock futures pointed to a fall of around 0.5 percent at the open on Wall Street which would take some of the shine off last week's rally to fresh record highs, particularly the Dow's leap above 21,000 points.
Japan's Nikkei lost 0.5 percent, but that was the outlier in Asia. MSCI's broadest dollar-denominated index of Asia-Pacific shares outside Japan rose 0.4 percent, recovering from Friday's 1 percent fall, its biggest this year.
That dragged down European banking stocks and weighed on broader indices, trumping a rise in shares of asset management firms after Aberdeen and Standard Life set the terms of their 11 billion pound tie-up.
The FTSEuroFirst index of 300 leading shares and Germany's DAX fell 0.7 percent, both hit by the 5.3 percent slide in Deutsche Bank. The European banking index was down 1 percent.
U.S. stock futures pointed to a fall of around 0.5 percent at the open on Wall Street which would take some of the shine off last week's rally to fresh record highs, particularly the Dow's leap above 21,000 points.
Japan's Nikkei lost 0.5 percent, but that was the outlier in Asia. MSCI's broadest dollar-denominated index of Asia-Pacific shares outside Japan rose 0.4 percent, recovering from Friday's 1 percent fall, its biggest this year.
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