Volkswagen has postponed plans to build a factory in Turkey because of the country's recent military aggression in northern Syria. The company started negotiations to build a car plant in the Manisa province of Western Turkey earlier this month. 

Turkey's military assault has sparked international criticism. The US imposed sanctions on Turkey on Monday and the EU will limit arms exports to the country. 

A Volkswagen spokesman said: "We are carefully monitoring the current situation and look with concern at current developments."

The European Investment Bank, the EU's non-profit lending body, will vote on a decision to halt all loans for natural gas projects within the EU's 28 member states. This proposal was put forward so the EU can reach its carbon emission goals in the next decade. 

Germany and Poland have opposed this change to the EIB's lending policy. The bank has already stopped lending money for coal. 

The cost of pork in Europe will increase by 35 percent to €1.82 ($2) a kilogram to compensate for demand in China. African swine fever hit China's supply. The disease is lethal in pigs but does not harm humans.

It has affected some European markets, with pigs in Poland and Romania having been infected. 

European market shares hit a two-week high after Michel Barnier, the EU's Brexit negotiator, said it is still possible for the UK to leave the bloc with a deal. Shares in recruiter Hays, a UK-based hiring firm, rose by 5.5 percent, an improvement from the company's first quarter. 

Ofgem has offered Hinkley Point, a nuclear power plant in South West England, 80 million pounds ($101 million) less than the 717 million pounds it requested to help it connect to the area's electricity grid. Hinkley Point is the first nuclear power plant built in the UK in the past 30 years, and is funded by French utility company EDF and Chinese company CGN. 

The plant has already been plagued by delays and funding issues, including an estimated 2.9 billion pounds ($3.7 million) to complete its construction and the EDF has said its opening will have to be delayed.

Also driving market movements this week is the Brexit show. In contrast to the glum tone over the weekend, now both the UK and European negotiators seem to be signaling they might be on to something. Negotiations are locked down to prevent leaks … or "briefings" from both sides. Analysts say any sort of deal will have a predictable effect on sterling – the only way is up.

Jingyi Pan at IG, a trading firm based in the UK, said: "Caution may also set ahead into Friday with the parliament seen as the key hurdle to acceptance of any Brexit deal, even if we should find a way forward during the EU summit."

The recovery story ended as abruptly as it started. Brent Crude fell to $59.70/barrel. An alleged missile attack on an Iranian tanker last week had pushed it higher, but it was reticence over the US/China trade deal that pulled it back. This suggests that the primary driver of oil prices at the moment is global growth and oil consumption, rather than geopolitics.