World markets slip on China worries; dollar steady ahead of trade talks

Brent crude futures were down 1.8%, at $61.01 a barrel.

World shares fell into the red on Monday, with equities markets from Asia to Europe buffeted as Chinese industrial profits fell and investors stayed cautious ahead of a busy week including Sino-US trade talks and the Federal Reserve’s policy meeting. Major European bourses fell in trade, mirroring a retreat for Asian stocks as concerns over Chinese growth outweighed any boost from the tentative end to the US government shutdown late last week.

Investors braced for another major twist in Britain’s exit from the European Union, with crucial votes due on Tuesday in the British parliament designed to break the Brexit deadlock.