The oil market movements are closely watched by investors. Supply worries and President Trump's claim that Saudi Arabia shall raise oil production are influencing sentiments. The political crisis in Germany and the trade war worries shall have an impact.
Facebook execute is scheduled to testify before the European Parliament on Monday.
Asian shares finished mostly lower, while European shares are trading down. Early signs from the U.S. Futures Index suggest that Wall Street might open in the red. As of 7.45 am ET, the Dow futures were falling 145.00 points, the S&P 500 futures were declining 13.50 points and the Nasdaq 100 futures were down 47.75 points.U.S. stocks closed modestly higher on Friday. The tech-heavy Nasdaq briefly dipped into negative territory but inched up 6.62 points or 0.1 percent to 7,510.30. The Dow edged up 55.36 points or 0.2 percent to 24,271.41, and the S&P 500 crept up 2.06 points or 0.1 percent to 2,718.37.
On the economic front, Markit Economics' PMI Manufacturing Index for June will be issued at 9.45 am ET. The consensus is for 54.6, versus 56.4 a month ago. Institute of Supply Management's Manufacturing Composite Index for June published at 10.00 am ET. The market consensus is for 58.3, slightly down from 58.7 in May.
Construction Spending for May will be released at 10.00 am ET. The consensus is for 0.6 percent increase, compared to growth of 1.8 percent in April.
In the corporate sector, Archer Daniels Midland Co. agreed to purchase Neovia, a provider of value-added animal nutrition solutions, headquartered in Saint-Nolff, Britanny, France. The cash deal has an approximate enterprise value of 1.535 billion euro. The acquisition is expected to close by the fourth quarter.
Asian stocks ended mostly lower on Monday. China's Shanghai Composite index tumbled 71.86 points or 2.52 percent to 2,775.56 after.
Japanese shares hit 2-1/2-month lows as the dollar pared back gains against the yen ahead of a July 6 deadline when the United States is due to impose the tariffs on Chinese exports.
The Nikkei survey showed that activity in Japan's manufacturing sector continued to expand in June, and at an accelerated rate.
The Nikkei average plunged 492.58 points or 2.21 percent to 21,811.93, marking the lowest closing level since April 13. The broader Topix index plummeted 2.10 percent to close at 1,695.29.
Australian shares fell modestly. The benchmark S&P/ASX 200 index dropped 16.80 points or 0.27 percent to 6,177.80. The broader All Ordinaries index ended down 16.40 points or 0.26 percent at 6,273.30.
European shares are trading in the red. The CAC 40 Index of France is falling 40.73 points or 0.77 percent. The German DAX is losing 38.56 points or 0.32 percent, the U.K. FTSE 100 Index is declining 62.35 points or 0.81 percent. The Swiss Market Index is down 73.65 points or 0.86 percent.
The Euro Stoxx 50 Index, which is a compilation of 50 blue chip stocks across the euro area, is down 0.57 percent.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.