Australia

Australia's S&P/ASX 200 looks likely to edge lower at the open after worries over cooling global economies weighed on US stocks at the end of last week. ASX futures are down by 0.2%.

In the US at the end of last week, the tech-heavy Nasdaq Composite lost 1.0% and the S&P 500 fell 0.8%. The Dow Jones Industrial Average dropped 0.6%.

All three indexes posted losses for the week, ending eight straight weeks of gains for the Nasdaq and a five-week streak of gains for the S&P 500.

In commodity markets, oil gained 1.11% to US$74.67 a barrel, while the gold spot price pushed up 0.38% to US$1921.20 per troy ounce.

Australian 2-year bond yield is 4.19% and the 10-year yield is 3.99%.

The Australian dollar is holding flat to now be worth 66.81 US cents. The Wall Street Journal Dollar Index, which tracks the US dollar against 16 other currencies, shrank 0.1% to 102.80.

Asia

Earlier Friday, Japan's Nikkei Stock Average dropped nearly 1.5% on concerns over the country's economic outlook.

Downside growth risks were shown in the au Jibun Bank PMI readings released, said Yeap Jun Rong, market analyst at IG.

Hong Kong's Hang Seng Index fell 1.7%, weighed by China's faltering recovery, Fed Chair Powell's hawkish comments and a weaker yuan.

Markets in mainland China were closed in observance of the Dragon Boat Festival.

Europe

European stocks dropped on Friday following downbeat economic data.

The Stoxx Europe 600 fell 0.2%, the FTSE 100 retreated 0.3%, the CAC 40 backtracks 0.4% and the DAX shed 0.8%, with banks and airlines among the biggest fallers.

"Disappointing Euro Zone flash manufacturing and services PMI led to further selling in European equity markets, which ended the week in the red after five consecutive days of falling prices," says IG analyst Axel Rudolph.

"The FTSE 100 is trading back in negative territory year-to-date and is fast approaching its March banking-crisis low as worries of a UK recession due to rapidly rising interest rates mount."

North America

US stock-index futures opened near unchanged and attempted to edge higher Sunday night, as investors reacted to chaotic weekend events that saw a short-lived rebellion that pitted the mercenary Wagner Group against the Russian military leadership.

After advancing to within around two hours of Moscow, the mutiny was abruptly halted, with Wagner Group leader Yevgeny Prigozhin reportedly agreeing to depart for Belarus.

Analysts said the events, while a potential plus for Ukraine 16 months after Russia's invasion, appeared to weaken Russian President Vladimir Putin's hold on the country,

At 6:20 p.m. Eastern time on Sunday, Dow Jones Industrial Average futures gained 31 points, or 0.1%, while the S&P 500 futures rose 0.1%, and Nasdaq Composite futures increased 0.1%.

Looking ahead this week: On Tuesday, the Census Bureau will release the durable goods report for May and new-home sales data for May. On Wednesday, the Federal Reserve will reveal the results of its annual stress test of the U.S.'s largest banks.

On Thursday, the Bureau of Economic Analysis will release its third and final estimate of gross domestic product growth for the first quarter.

On Friday, the BEA will report personal income and expenditures data for May, including the Federal Reserve's preferred inflation measure, the core personal-consumption expenditures price index, and the Institute for Supply Management releases the Chicago Business Barometer for June.