Stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 0.6 percent, Dow Jones futures down 0.5 percent and Nasdaq 100 futures down 0.7 percent at 4:18 a.m. EDT.

Oil prices fell below $72 a barrel in thin trading on Monday, pressured by easing Asian stocks and comments by Asia's No. 1 refiner Sinopec <0386.HK> that diesel demand in China had not completely recovered.

The dollar rose in thin trade on Monday, extending a bounce from late last week as traders covered short positions ahead of a Federal Reserve monetary policy meeting and a Group of 20 summit.

European stocks were down 0.7 percent in morning trade, extending their previous session's retreat, dragged by banks and miners such as UniCredit and Rio Tinto on concerns the market may have sped ahead of economic fundamentals.

Japanese markets were closed for a public holiday.

Pepsico Inc

will be in the spotlight after the soft drink maker said on Saturday that Michael White, vice chairman and PepsiCo International chief executive, would retire later this year after nearly 20 years with the company.

The day's economic agenda includes the August leading economic indicators report, due at 1400 GMT, while on the corporate front, the day's earnings calendar includes quarterly results from Lennar Corp .

A U.S. House of Representatives panel has told Bank of America Corp that it cannot use attorney-client privilege to withhold from Congress details on its purchase of Merrill Lynch, The New York Times reported on Monday.

DuPont Co

Chairman Charles Holliday will likely be added to Bank of America Corp's board of directors at a meeting on Monday, the Wall Street Journal said, citing a person familiar with the situation.

U.S. stocks rose on Friday as Procter & Gamble

and major home builders advanced on positive brokerage comments and investors bet the economic recovery will be strong enough to sustain corporate profits.

The Dow Jones industrial average <.DJI> was up 36.28 points, or 0.37 percent, at 9,820.20. The Standard & Poor's 500 Index <.SPX> was up 2.81 points, or 0.26 percent, at 1,068.30. The Nasdaq Composite Index <.IXIC> was up 6.11 points, or 0.29 percent, at 2,132.86. On the week, the Dow rose 2.24 percent, the S&P 500 gained 2.45 percent and the Nasdaq advanced 2.50 percent.

(Reporting by Blaise Robinson; editing by Simon Jessop)

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