A gauge of global stocks last week notched its biggest weekly percentage decline in almost three months as a downturn for U.S. tech megastocks, which had fueled much of the country's equity market recovery, weighed on sentiment.
Stocks in Asia Pacific were mixed during Monday afternoon trade, with investors monitoring further tensions between Washington and Beijing after Reuters reported that the Trump administration is considering blacklistingChina's dollar-denominated exports beat expectations in August to climb 9.5% from a year ago, while imports declined 2.1% in the same period.
Stateside, stock futures are indicating a broadly muted open on Wall Street, but futures on the Nasdaq are pointing lower, signaling further tech losses ahead. Back in Europe, U.K. Prime Minister Boris Johnson is expected to say Monday that Britain and the European Union should "move on" if no free trade deal can be agreed before Oct. 15. The eighth round of Brexit negotiations recommences this week.
Germany on Sunday warned that a lack of Russian cooperation with its investigation into the poisoning of opposition leader Alexei Navalny could force Europe's largest economy to rethink its Nord Stream 2 gas pipeline project between the two countries.
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