US stocks are seen starting the week lower after a mixed close on Wall Street Friday, while European indices are a sea of red.
The Dow Jones Industrial Average futures are down a whopping 210 points at the time of writing, while S&P 500 shares are down 19. The tech heavy Nasdaq index futures are down 75 points.
At the close on Friday, the Dow Jones finished around 119 higher, beating its eight day losing streak, the S&P 500 added five points but the Nasdaq shed around 20 points to 7,679.
In Europe today, London stocks are lower, with the FTSE 100 down nearly 90 points at 7,592 as the market mulls the global trade situation and lower Brent prices, the German DAX is down 117 at 12, 402. The French CAC 40 is off around 44 points at 5,342.
In macro news, would-be world powerhouse China is freeing up more than US$100bn to help its economy as fears mount over a slowdown and an escalating trade war.
In Asia overnight, the Nikkei 225 shed 178 points at 22,338, while the Shanghai Composite Index shed around 30 at 2,859.