European stock markets opened higher after weekend stress tests on eurozone banks. Asian markets were mixed, with the Hang Seng index falling but the Nikkei finishing up. Apple Pay is facing headwinds.
Here are five things that matter for markets now:
- The asset quality review and stress tests by the European Central Bank on 130 eurozone banks did not yield any major unpleasant surprises. In the eurozone, 25 banks failed, most of them in Italy.
- Brazilians have voted to give incumbent president Dilma Roussef, a left-wing politician, another term in office, dashing hopes of investors who believed her rival Aecio Neves, a centrist considered to be a pro-market reformist, would win.
- In Ukraine's parliamentary elections, pro-Western parties secured a big win. President Petro Poroshenko's party and its ally got most of the votes, according to partial results of the vote that took place on Sunday.
- Apple Pay, the payment system devised by Apple (AAPL) to replace customers' physical wallets has hit headwinds. Drugstores CVS (CVS) and Rite Aid (RAD), which already have contactless payment systems in place, have disabled the technology in their stores.
- A single buyer has snapped up half of the copper on the London Metal Exchange, the Wall Street Journal reports. The LME said it has methods in place to prevent the market being squeezed.