Oil prices tumbled on Monday on fears that producer countries may fail to agree an output cut, pressuring U.S. stocks and the dollar as traders reversed their "Trumpflation" trade as weak oil prices would reduce pressure on U.S. interest rates to rise.

That gave some relief to Asian shares, which had underperformed on worries about capital flight to higher-yielding U.S markets in the weeks since Donald Trump's Nov.8 election win.
                                MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 %, led by gains in Hong Kong and Taiwan.
 In contrast, U.S. stock futures slipped 0.3 % after their stellar performance this month on hopes U.S. President-elect Trump's policy of fiscal spending, deregulation and protection of domestic industries will boost U.S. inflation and benefit Corporate America.

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