Key market gauges
S&P ESU6, -0.51% and Dow futures YMU6, -0.48% show those gauges on track to open in the red, after they scored their biggest weekly gains of 2016 last week.
Europe SXXP, -1.68% is also falling, building on yesterday’s declines, though the U.K.’s FTSE 100 UKX, +0.24% has turned positive. Asia closed mostly down, though Chinese stocks SHCOMP, +0.60% bucked the negative trend as President Xi Jinping called for state-owned enterprise reform.
Oil CLQ6, -3.25% has been slumping, with blame going to supply worries and downbeat views from a couple of banks. The Brexit-battered pound GBPUSD, -1.6706% fell to a fresh 31-year low, but it bounced back a bit as the Bank of England’s Mark Carney spoke. The ICE U.S. Dollar Index DXY, +0.17% is little changed after a choppy morning. Gold GCQ6, +0.88% and silver SIU6, +1.52% are both higher, after silver touched a two-year high on Monday. Government bond yields are sinking to record lows.