In Asian Equity Markets indices were lower Monday following significantly weaker-than-expected Chinese trade data released over the weekend. The Shanghai composite declined by 0.44 percent while the Shenzhen composite shed 0.75 percent. Hong Kong’s Hang Seng index traded down by about 1.4 percent as Hong Kong-listed shares of China Construction Bank fell 1.23 percent. Japan’s Nikkei 225 fell 1.86 percent in morning trade while the Topix index declined 1.72 percent.

In Currency Markets the US dollar slid almost half a percent against the euro and the yen on Monday after soft U.S. payrolls data fueled speculation that the Federal Reserve may stop raising interest rates after a highly likely move next week. The Chinese yuan dipped after weak trade and inflation data over the weekend, while the British pound hit an 11-week low against the euro as Prime Minister Theresa May’s deal to exit the European Union looks set to be rejected by parliament on Tuesday.

In Commodities Markets oil prices rose on Monday, extending gains from Friday when producer club OPEC and some non-affiliated producers agreed a supply cut of 1.2 million barrels per day (bpd) from January. Despite this, the outlook for next year remains muted on the back of an economic slowdown. International Brent crude oil futures were at $62.21 per barrel, up 54 cents, or 0.9 percent, from their last close. U.S. WTI crude futures were at $52.63 per barrel, up 2 cents, held back as the booming U.S. oil industry is not taking part in the announced cuts.

In US Equity Markets main indexes fell more than 2 percent on Friday in a broad sell-off led by declines in big Internet and technology shares, and posted their largest weekly percentage drops since March as concerns over U.S.-China trade tensions and interest rates convulsed Wall Street. the S&P 500 lost 2.33 percent, to 2,633.08 and the Nasdaq Composite fell 3.05 percent, to 6,969.25. The Dow Jones Transport Average fell 8 percent for the week, its biggest weekly drop in more than seven years.

In Bond Markets the margin between short- and long-end U.S. Treasury yields grew on Friday as weaker-than-expected data on domestic jobs growth in November bolstered the view that the Federal Reserve may tap the brakes on raising interest rates sooner than previously thought. The two-year yield fell 4 basis points to 2.715 percent. The benchmark 10-year Treasury yield was down 2 basis points at 2.852 percent.