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• European equities open higher on Monday taking cue from global market sentiment.
The pan-European Stoxx 600 was up by 0.5 percent with almost every sector in the black.
Investors will also monitor news out of Asia, where U.S. Vice President Mike Pence will participate at the U.S.-ASEAN Summit, as well as developments in the U.K.
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• Asian shares drifted lower on Monday as signs of softening demand in China rekindled anxiety about the outlook for world growth, but Saudi Arabia’s plans to cut production helped to halt a slide in oil prices.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.07 percent, trimming earlier losses on a bounce in Chinese shares, but struggling to break into positive territory.Australian shares added 0.13 percent, while Japan’s Nikkei stock index gained 0.11 percent.
• Japan's Nikkei edged up in choppy trade on Monday as buying of cheapened stocks was largely offset by cautious sentiment driven by weakness on Wall Street and falling U.S. tech shares.
The Nikkei share average gained 0.1 percent to 22,269.88 after trading lower in early deals. The benchmark index fell to as low as 22,046.29, but traders said that futures buying supported the market.
• Stocks in China and Hong Kong edged higher on Monday after government departments and regulators rolled out a series of measures over the weekend to support the private sector, including steps to make share buybacks easier.
The Shanghai Composite index rose 0.7 percent to 2,616.29. The blue-chip CSI300 index was also up 0.7 percent.
Investors were encouraged after the government ramped up its support for private enterprises over the weekend, rolling out a series of measures, including a simplified process for listed companies to buy back shares, announced by the China Securities Regulatory Commission on Friday.
Reference: Reuters, CNBC
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