US stock index futures fell on Sunday as a last-minute deal to resolve the budget battle in Washington appeared less likely, making a government shutdown more likely.
Asian stocks too declined, though markets in the region are often reluctant to be first to react to US and European events that happen over the weekend. MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.5 percent. Japan’s Nikkei fell 2 percent and South Korean shares lost 0.8 percent.
The euro fell hard in Asia on Monday with Italy in the grip of a fresh political crisis, while investors also sold the greenback as a midnight deadline to avert a shutdown in Washington loomed large.
[caption id=“attachment_1141401” align=“alignleft” width=“380”]  The euro fell hard in Asia on Monday.[/caption]
Brent oil for November dropped 73 cents to $107.90 a barrel and NYMEX crude lost $1.08 to $101.75 a barrel.
Gold extended gains into a second session on Monday as a possible U.S. government shutdown weakened the dollar and prompted safe-haven buying of the metal. Spot gold rose 0.5 percent to $1,341.31 an ounce by 0018 GMT, adding to a 1 percent gain on Friday.
SGX Nifty futures on the Sindapore Stock Exchange were down more than 1 percent at 5824, indicating a negative opening for Indian shares on the domestic bourses.
Stocks in news
SpiceJet, after the auditors again raised concern about the company as its net worth has been completely eroded.
Lupin, after the company said it has received the final US FDA approval for its oral contraceptive.
Companies engaged in the manufacturing of steel and cement will be in focus after the Indian Railways said it will increase the freight rates by 15 percent from 1 October. Coal India is also likely to be in focus for the same reason.
Dish TV, after the Business Standard reported that the regulator Trai has given one year extension to renew its DTH telecast licence.


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