Investing.com - World stocks fell to near 2-1/2 year lows Monday as a fresh rout in Chinese markets left Asia at a four-year trough and sent oil tumbling again.
A 5% drop in Chinese shares overnight fuelled concerns over Beijing's ability to manage the world's second-biggest economy.
Europe's main bourses saw a more steady start as concerns over China's currency policy eased after the central bank guided the yuan higher for the second day in a row.
U.S. futures were also pointing to a higher open but Brent oil and U.S. crude were sharply lower, hovering near last week's 12-year lows.