Oil prices dipped again as concerns about Chinese demand continued to weigh on sentiment.
Asian stocks were taking a breather on Monday after global equities enjoyed their best week in nine months on expectations the US economy would dodge a recession and cooling inflation would kick off a cycle of interest rate cuts.
Fed chair Jerome Powell speaks in Jackson Hole on Friday and investors assume he will acknowledge the case for a cut. For now, the expectation of a softer-than-soft landing for the US economy has S&P 500 futures up 0.2% and Nasdaq futuresEURO STOXX 50 futures added 0.2% and FTSE futures eased 0.1%.
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