Investors Eye Political Developments in the U.K.

Here is your financial news from around the world:

1. European stocks open lower Monday as investors eye political developments in the U.K., where the fragile government of Theresa May faces a crucial weeks of tests that could result in a second election later this fall

2. Friday's tech sector sell-off, which saw Apple  falling nearly 4%, Facebook (FB) - Get Report  falling 3.3%, Google parent Alphabet (GOOGL) - Get Report  falling 3.4% and the S&P 500 tech index slumping 2.7, was sparked in some degree to a Goldman Sachs note that cautioned on sector growth rates and a Bloomberg report that suggested Apple iPhones that are expected later this year will use a slower chip embedded inside.

3. In the U.K., May spent much of the weekend forming alliances both inside and outside of her Conservative party in an attempt to mitigate the damage from Thursday's general election, which erased her majority in parliament and threw her Brexit ambitions into chaos.

4. Investors take confidence in a resounding win for President Emmanuel Macron's Republic on the Move party in the first round of the country's parliamentary elections.