S&P futures are lower in Monday morning trading after US equities came under pressure last week with the S&P suffering its third weekly pullback of more than 3% in the last four weeks. Asian markets weaker overnight with the MSCI Asia Pac ex-Japan index ending at a new 52-week low. Europe also lower today. Japan and UK are off, with the latter observing a bank holiday due to the funeral of Queen Elizabeth II.

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