European Market Review

European stocks dropped today amid issues heightened over Italy's mounting political crisis.Italy's FTSE MIB lost 1%, implying in the day's bottom as Conte spoke.

Shares of Italian banks Ubi Banca and Banco BPM declined over 2%.

The U.K. Prime Minister Boris Johnson will be in Paris Thursday to meet with French President Emmanuel Macron.

European equities may have pared back the declining path losses discouraging investors and traders to enter in the market.

The Vanguard FTSE Europe ETF slipped $140 million in the latest session. The British pound has managed to preserve a level above psychological support at $1.20. Moreover, the U.K. currency entered into a bearish candle pattern on Friday.

Germany will sell a 30-year bond at a 0% coupon for the first time on Wednesday, in a flurry of debt sales in the next two weeks.