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China Enters Bear Market

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WORLD HEADLINES – A deepening sense of unease is rippling through China’s financial markets. The benchmark Shanghai stock index has tumbled 20 percent in just five months to enter a bear market.

STOCKS – The Shanghai Composite has tumbled 8.1 percent this month, poised for its worst performance since January 2016, even as MSCI Inc. added the nation’s shares to its global gauges, while the yuan has dropped 2.4 percent.

BONDS – Bonds are the standout, with the 10-year yield falling to a two-month low, as investors sought refuge.

COMMODITIES – Oil prices were capped after OPEC and its allies on Friday agreed to increase global supplies, albeit modestly.

CURRENCIES – The euro dipped back having reached a near two-week high of $1.1722 while the dollar was beginning to find some traction again against the yen.

ECONOMIC DATA – US CB Consumer Confidence due at 10:00 ET.

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