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KATIE MARTIN: From the FT in London, here's the latest on markets. Donald Trump certainly sent out a message over the weekend, but his impact on markets may be a slow burner. The dollar dipped overnight after the US president prompted protests with his move to bar immigration from seven mainly Muslim countries, but the pullback in the currency was short lived. Still, as UBS points out, the signal will ring for some time, and it may prompt Middle Eastern investors to question the security of their US investments. Stay tuned.
The mood, even in the short term, is downbeat, with European stocks under pressure. The FTSE 100 is at the lowest point of the year. Meanwhile, the big macroeconomic news for today comes from Germany, the eurozone's biggest economy, where inflation is rising fast. The national number is due later today, but the regional releases are already trickling out, and they suggest annual CPI inflation could be running at around 2% for the first time since 2012.
That is, of course, kryptonite for government bonds. They're feeling the pressure in Europe today, remaining pinned lower after the drop at the end of last week. Remember negative yields? Well, German 10-year bonds now yield a lofty 0.5%.
