Overnight: US stocks sold off by late afternoon on Monday as lingering effects of disappointing jobs data weighed on markets while investors also booked...

Overnight: US stocks sold off by late afternoon on Monday as lingering effects of disappointing jobs data weighed on markets while investors also booked profits ahead of earnings releases from large banks J.P Morgan and Wells Fargo. Treasury prices moved higher, extending a rally from the previous session as the market continued to adjust to a weak U.S. employment report. Gold futures gave up early gains as bulls struggled to maintain momentum for a rebound after last week's less-than-stellar jobs data. Oil futures edged lower. London stocks were largely flat on Monday, but banks got a lift after global regulators cut the industry a break on leverage-ratio rules. European stocks held to a small gain, supported by advances for banks such as UBS after regulators eased a Basel leverage-ratio rule. London BHP up 0.93%. Rio up 1.18%. New York BHP down 0.68%. Rio down 1.08% Base metal traded mixed.