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Brent crude oil was virtually flat at $48.20 a barrel, heading for a near 10 percent fall this month.

People look at the exchange rate at a moneychanger displaying a poster of USA dollar bill, Chinese yuan and Malaysian ringgit in Singapore August 24, 2015.

The environment minister announced India’s climate pledges after the government submitted to the United Nations a new plan for tackling climate change, ahead of the COP21 meeting in November that will seek to forge a global agreement on curbing Earth-warming emissions.

The Nasdaq composite was little changed at 4,544. Wall Street looked set for gains, with futures for the Dow Jones industrial average and the Standard & Poor’s 500 up 0.3 percent.

Yahoo! said it will go ahead despite a risk of a multi-billion dollar tax bill after the U.S. Internal Revenue Service denied its request to considered tax free deal.

If Goldman Sachs’s estimates end up being accurate, this would mean a drop of approximately 3 percent for the S&P 500, its first negative year since 2011.

In a joint announcement by Xi Jinping and Barack Obama in Washington DC, China and U.S. promised to take further joint action in a “common vision” aimed at delivering a meaningful climate deal in Paris at the end of this year.

In the eurozone, Frankfurt’s DAX 30 slid 1.47 percent to 9,545.90 points and the Paris CAC 40 shed 1.77 percent to 4,401.30.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange was up 8.70 points, or 0.62 percent, to 1,419.86.

The health care sector bounced back from a plunge a day earlier.

The Australian and New Zealand dollars fell by 0.6% and 0.3% respectively against their United States counterpart, and even more against the Japanese yen and euro.

Hitting risk sentiment, Glencore shares fell to a record low at the start of the week on concerns over the company’s ability to withstand a prolonged decline in prices of metals.

The Topix dropped 3.7 percent to 1,384.97 as of 12:41 p.m.in Tokyo, with about 30 shares falling for each that rose.

European markets ended solidly in negative territory as concerns over China returned to the forefront, after some disappointing economic data, prompting further weakness in commodity prices. In America, the US crude benchmark CLc1, West Texas Intermediate (WTI) settled down...

Wall Street started the week with another round of selling, placing the market squarely in “correction” mode. This is just the latest data point out of the world’s second- biggest economy that suggests economic softening.