U.S. oil futures sank to six-week lows on Monday on expectations that major producers may raise output, while Asian stocks and U.S. share futures gained on signs the United States and North Korea were still working towards holding a summit. The euro bounced back from a 6-1/2-month low after the Italian president rejected a eurosceptic as a key economy minister.
President Donald Trump has warned Congress that he will never sign another foot-tall, $1 trillion-plus government-wide spending bill like the one he did in March. After a brief government shutdown earlier this year, Democrats and Republicans now agree on the need for budgeting day-to-day operations of government the old-fashioned way.
CNBC's Bernie Lo and Oriel Morrison discuss Kim Jong Un impersonator Howard X's arrival in Singapore.
Oil prices fell on Monday, extending a steep decline in the previous session, as the market eyed an increase in output from the world's three top crude producers, Russia, the United States and Saudi Arabia. Brent crude futures (LCOc1) were at $75.34 per barrel at 0124 GMT, down $1.10, or 1.4 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $66.31 a barrel, down $1.57, or 2.3 percent.
Mark Tinker of AXA Investment Managers says exposure to emerging markets via equity indexes limits the opportunity for investors to be more selective.
Sheila Smith of the Council on Foreign Relations says one issue that may come up in a summit between Pyongyang and the U.S. is the fate of Japanese hostages held by North Korea.
Jasper Kim of Ewha Womans University says President Donald Trump has established a negotiating line with his willingness to cancel the proposed summit with North Korean leader Kim Jong Un in Singapore.
