Here’s what’s shaking:
Investors are on edge Monday on the first trading day of the month. Turkish shares were faring worst as investors took fright after three days of anti-government protests.
In Europe, the FTSE 100 index of leading British shares was down 0.4 percent at 6,556 while Germany's DAX fell 0.7 percent to 8,291. The CAC-40 in France was 0.6 percent lower at 3,926.
Wall Street looks poised for a steady opening following big falls late Friday -- Dow futures and the broader S&P 500 futures were 0.3 percent lower.
The focus later will likely be on the monthly U.S. manufacturing survey from the Institute for Supply Management. The survey kick starts a swathe of U.S. data that culminates on Friday with the monthly nonfarm payrolls report for May.
Earlier in Asia, Japan's Nikkei 225 index plummeted 3.7 percent to close at 13,261.82, as optimism over the country's economic outlook continued to wane - the index has been particularly volatile over the past couple of weeks.
The price of oil remained below $92 after a private survey showed a worse-than-expected dip in China's manufacturing for the month of May.
Benchmark oil for July delivery fell 12 cents to $91.85 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contact fell $1.64 to close at $91.97 Friday in New York.
Oil prices are being pressured by weak economic outlook around the world. Faltering economies demand less gasoline, diesel and fuel from drivers, shippers, and industries.
On Monday, HSBC Corp. issued a survey showing manufacturing in China had slowed to 49.2 for May. Analysts had expected a reading of 49.6. On a 100-point scale, readings below 50 indicate a contraction. The 17 countries that use the euro are mired their longest recession since the currency was introduced in 1999.
Meanwhile, oil production in the U.S. is soaring.
The U.S. Energy Department said the nation's supply of oil rose last week by 3 million barrels to 397.6 million barrels, the highest level since the government started collecting the data in 1978.
Brent crude, a benchmark for pricing oil used by many U.S. refineries to make gasoline, fell 7 cents to $100.32 in London.
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The Associated Press contributed to this report.