Dubai:
Stock market traders have gone into a defensive mode after tentions between the US and the rest of the G20 spilled over at their meeting over the weekend.
The G20 statement last week called on countries to avoid currency manipulation, but dropped a pledge to avoid trade protectionism, a move that triggered cautious response from traders.
The Euro STOXX 600 was 0.14 per cent lower at 377.82, while the FTSE 100 index was 0.11 per cent lower at 7,417.04.
The Dow Jones Industrial Average futures were down 0.01 per cent lower at 20,860. The S&P 500 index futures were down 0.12 per cent lower at 2,372.50.
The dollar slumped to its lowest level in six weeks, helping the greenback-denominated assets like gold. The dollar index of its value against a basket of six currencies hit a low of 100.02 on Monday before recovering most of its losses.
Brent crude fell 1 per cent to be at $51.20 (Dh188) per barrel on rising US inventories.
