Asian markets opened mixed in trade. US markets saw a sharp sell-off on Friday. Weaker than expected data in China and Europe exacerbated concerns weighed on markets.
China central bank said it will guide reasonable growth of credit and social financing and further improve the monetary policy transmission channel.
U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $51.35 per barrel at 0010 GMT, up 0.3 percent, or 15 cents, from their last settlement.
The Australian share market was lower on Monday with mixed results across the sectors and financials weighing the heaviest.
Australia’s conservative government forecast its budget deficit for the fiscal year to June 2019 would shrink to A$5.2 billion ($3.7 billion), from the A$14.5 billion projected back in May.
France’s budget deficit is likely to overshoot the EU’s limit of 3 percent of GDP next year and stand at around 3.2 percent, PM Edouard Philippe told Les Echos newspaper.
Qatar is considering increasing its stake in Deutsche Bank, newspaper Handelsblatt reported on Sunday.
BJP is maintaining a lead in Assam panchayat polls by pocketing 41 per cent of the total seats and marching ahead of the Congress which secured 32 per cent of the seats, as counting continued for the fifth day.
Madhya Pradesh Chief Minister-designate Kamal Nath will take the oath of office in the presence of several UPA leaders, including Congress president Rahul Gandhi, at the Jamboree Maidan here.