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World shares, oil decline as EU energy ministers to meet
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Global shares fell Monday and oil prices lost about $3 a barrel as European energy ministers were set to meet to discuss Russian supply issues and sanctions.
U.S. futures advanced after a rout Friday on Wall Street.
Trading was closed for holidays in China, many other Asian markets, and Britain.
US STOCKS HIGHER EARLY MONDAY; 152 S&P COMPANIES TO REPORT FIRST-QUARTER EARNINGS
The CAC 40 in Paris dropped 1.7% in early trading to 6,420.87. Germany’s DAX was down nearly 1.0% at 13,963.11. The future for the Dow industrials rose 0.3% while the S&P 500's was 0.2% higher.
A report showing pandemic lockdowns have hurt factory activity in China, a main regional driver of growth, was a fresh source of concern.
The monthly purchasing managers’ index, released over the weekend by China’s National Bureau of Statistics, fell to 47.4 in April, down from 49.5 in March on a 100-point scale. Numbers below 50 show activity contracting.