Here are the top 5 things to know for today’s trading:
1. Deutsche Bank shares plunge
Shares in Deutsche Bank slumped around 6% in Frankfurt to €17.95 in early trading on Monday, after being down by more than 8% after the open.
The decline came after the lender announced an €8 billion capital increase that Chief Executive John Cryan had previously declared a last resort.
Deutsche plans to launch rights issue of 687.5 million new shares on March 21, priced at around a 39% discount to Friday's closing price of €19.14.
The German lender also plans to list its asset management business and overhaul its business structure as it tries to reinvent itself after spending two years dealing with huge losses and a string of scandals.
2. Euro slides on French elections news
The French presidential race continued to roil the euro on Monday, with the single currency falling to the lowest levels of the session after former prime minister Alain Juppe said he had decided "once and for all" not to run in France's presidential election.
The development dashed the hopes of many in his conservative party whose existing, scandal-hit candidate, Francois Fillon, faces sure defeat.
Fillon's poor showing would leave favorite and centrist Emmanuel Macron to fight out the second round on May 7 with far-right leader Marine Le Pen. Polls have shown that Juppe as a candidate would have made the second round comfortably.
EUR/USD reached lows of 1.0583 and was last at 1.0589, off 0.3% for the day.
3. Safe-havens in high demand
Market participants showed their concerns on developments in North Korea, which fired four ballistic missiles early on Monday, three of which landed in Japan's exclusive economic zone, an area extending about 230 miles out to sea from its coastline.
The move came just after Japanese media reported on Saturday U.S. Secretary of State Rex Tillerson is due to visit Japan, South Korea and China this month to discuss North Korea on his first trip to the region since he took up his post.
The news boosted demand for perceived safe-havens such as the JPY and Gold, while weighing on U.S. Treasury yields.
4. Global stocks mostly lower
U.S. stock market futures pointed to a lower open on Monday morning, amid news of North Korea's firing of four ballistic missiles and President Donald Trump's accusation that his predecessor, Barack Obama, wiretapped him.
In Europe, stocks edged lower in mid-morning trade, as investors monitored developments in France's election campaign.
Earlier, in Asia, markets ended mixed, with the Shanghai Composite in China closing up around 0.5%, while Japan's Nikkei slumped about 0.5%.
5. China cuts 2017 growth target to 6.5%
China has cut its growth target this year as the world's second-largest economy pushes through painful reforms to address a rapid build-up in debt, and erects a "firewall" against financial risks.
China aims to expand its economy by "around" 6.5%, Premier Li Keqiang said in his opening remarks at the annual meeting of parliament, which kicked off Monday and lasts until March 15.
The Asian nation set a target of 6.5%-to-7% last year and ultimately achieved 6.7% growth, the slowest pace in a quarter-century.