It’s all about politics this Monday in Europe.

U.S. stocks fell for a fifth straight day as investors remained on edge over trade, political turmoil and economic growth. Crude halted its longest losing streak on record.

NEW YORK (Reuters) - U.S. and European stocks fell sharply on Monday, with tech stocks in both regions getting hammered, while the U.S. dollar surged to its highest point in 16 months against a basket of currencies amid concern about European political risks.

U.S. stocks finished the session lower as a surge in optimism over trade talks with China was offset by a plunge in crude prices. The pound rallied on reports of advancement toward a Brexit deal.

U.S. stocks started the week on a sour note, with tech shares tumbling as Apple Inc. faltered on signs of weak iPhone demand. The dollar rose, and the pound slid as the U.K.’s premier fought to save her Brexit divorce plan. Oil gave up early gains.

Vodafone Group Plc shares jumped 7.1 percent after the mobile phone company’s new chief executive unveiled stronger than expected results in a fiercely competitive market and kept the dividend stable while he tries to rein in debt.