Oil prices slid more than 5% at the low on Monday as investors worried that an acceleration in the number of coronavirus cases could hurt demand for crude.
Trump kicked off his two-day state visit to India on Monday and has official engagements in New Delhi and Ahmedabad, the largest city in Indian Prime Minister Narendra Modi's home state of Gujarat.
Italian stocks suffered their biggest daily decline since 2016 on Monday, as the euro zone's third-largest economy grappled with the largest coronavirus outbreak outside of Asia.
Austria said on Monday it would stop suspected coronavirus cases from crossing its border, a day after it held up a train from Italy for four hours to wait for test results on two passengers. Austria has yet to have a confirmed case of coronavirus.
Growing coronavirus fears saw the dollar crowned the big winner in currencies last week, and analysts are expecting further rises — primarily due to a lack of alternatives.