US pre-open: Stocks seen touch lower as investors eye Fed's Evans

US futures pointed to a marginally weaker open on Wall Street on Monday as investors looked to a speech by Federal Reserve official Charles Evans following last week's rate hike and more dovish than expected tone from the US central bank.

At 1105 GMT, Dow Jones Industrial Average and Nasdaq futures were down 0.1%, while S&P 500 futures were 0.2% lower.

In currency markets, the dollar index was clawing back some of its early losses, although it spent most of the morning below 100, trading at six-week lows.

Market participants were still mulling over the latest G-20 meeting, during which finance ministers from the world's biggest economies dropped an anti-protectionist commitment following opposition from the US.

David Morrison, senior market strategist at SpreadCo, said: "The main feature of Monday’s trade had been initial dollar weakness which came as a reaction to the communique at the end of this weekend’s G-20 meeting.

"Investors were taken by surprise after global finance ministers appeared to bow to pressure from the US and dropped their commitment to oppose protectionism. It is felt that this could usher in an era of tariffs, stricter border controls and less free trade which can only result in more expensive goods, less cooperation and ultimately dampen global growth."

Meanwhile, oil prices retreated, with West Texas Intermediate down 1.4% to $48.10 a barrel and Brent crude off 1% at $51.25. Data from Baker Hughes on Friday showed that US drillers added 14 oil rigs in the week to 17 March, bringing the total to 631, which is the most since September 2015.

Chicago Fed President Charles Evans is due to appear in a television interview and then speak in New York later in the session.

On the corporate front, US-listed shares of Deutsche Bank could be active after it said it will raise €8bn by selling its shares at a 35% discount to last week's closing price as it looks to shore up its finances.

Elsewhere, watchmaker Movado was trading down in pre-market trade following the release of its fourth-quarter results.