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WORLD HEADLINES – Global stocks slid on Monday and U.S. oil prices slumped after U.S. President Donald Trump announced tariffs on Chinese goods and Beijing responded with similar measures in an escalating trade dispute.
STOCKS – European shares opened lower as investor angst about the outlook for economic growth filtered through to European stocks.
BONDS – Treasuries traded sideways ahead of the Wall Street opening bell.
COMMODITIES – Brent crude futures fell to a six-week low on Monday on worries about a hit to global growth from the trade dispute and after reports that top suppliers Saudi Arabia and Russia would likely agree to increase production at theJune 22 OPEC meeting in Vienna.
CURRENCIES – The euro traded not far from a recent two-week low after the European Central Bank suggested it would hold off raising interest rates through the summer of next year.
ECONOMIC DATA – FOMC Member Bostic Speaks at 13:00, ECB President Draghi Speaks at 13:30 ET.