Overnight Update: US stocks deepened losses on Monday after a weaker than expected reading on manufacturing data added to the downbeat mood, with investors...

Overnight Update: US stocks deepened losses on Monday after a weaker than expected reading on manufacturing data added to the downbeat mood, with investors already shaken by concerns over a slowdown in China. Treasury prices jumped Monday, sending yields to a fresh 3 month low. The dollar dropped to its lowest level against the yen in more than two months. Gold futures climbed by more than $20 an ounce on Monday. Oil futures traded lower. European stock markets headed toward a more than six-week low on Monday, after Chinese manufacturing data added to fears about a slowdown in the world's second-largest economy and the further impact on the global markets. London: BHP -2.03%, Rio -0.76%. Base metal prices traded sideways to lower in Monday's pre market, with only tin eking out a small gain.