NEW YORK (TheStreet) -- Stock futures were slightly lower on Monday, extending last week's declines, as China's exports fell for a third straight month in May. 

S&P 500 futures were down 0.12%, Dow Jones Industrial Average futures fell 0.03%, and Nasdaq futures slipped 0.1%.

Benchmark indexes closed with weekly losses on Friday as a surge in jobs added to the U.S. economy in May supported the possibility of a Federal Reserve rate hike sooner than later. Click here for more.

China's economy continued to show signs of slowing as exports fell and imports declined at the sharpest rate in three months. Annual exports slid 2.5% while imports plummeted 17.6%. The latest data rallied calls for increased stimulus from the People's Bank of China. Hopes for monetary easing pushed the Shanghai Composite to close 2.2% higher. 

Signs of continued weakness in China's economy put pressure on crude oil prices on Monday morning. West Texas Intermediate declined 0.74% to $58.69 a barrel. Commodities remain nearly half their peak last summer as the global oil market faces oversupply and weakened demand. 

U.S. markets were looking outward for market-moving news as the domestic economic calendar is bare on Monday. U.S. retail sales and producer prices for May will be released later this week. 

Monsanto (MON) shares were on watch after Syngenta (SYN) said it had rejected a second unsolicited takeover offer from its rival. The $45 billion offer was reportedly rejected given it was the "same inadequate price," according to Bloomberg

McDonald's (MCD) reported that global comparable sales fell 0.3% in May with a 2.2% drop in the U.S., countered by a 2.3% increase in Europe. Analysts had expected the fast food chain to report a 0.9% decrease in global comps. 

Deutsche Bank (DB) surged 6% in premarket trading after a C-level suite shakeup. Co-CEOs Jurgen Fitschen and Anshu Jain will step down from their roles with the former leaving mid-2016 and the latter to step down by the end of this month. John Cryan has been named the new co-CEO and will assume his seat on July 1. 

General Electric (GE) is reportedly close to an agreement to sell its private-equity lending unit, a group with assets of more than $10 billion, according to The Wall Street Journal. The conglomerate will reportedly sell the unit to the Canada Pension Plan Investment Board, Canada's largest pension fund. 

Diageo (DEO) was down 2.4% in premarket trading, paring gains made in the final hour of trading Friday, after analyst firm Evercore said a near-term bid for the alcohol company was unlikely. Diageo surged on Friday on reports private-equity firm 3G Capital was considering a bid. 

Apple (AAPL) kicks off its Worldwide Developers Conference at which the tech giant is expected to reveal its new streaming music service it developed with Beats Electronics as well as further details of third-party apps for the Apple Watch. The event begins at 1 p.m. EDT.

Sears (SHLD) shares were on watch after the retailer reported a mixed quarter. A net loss of $2 a share was far narrower than an expected $2.59, while revenue of $5.88 billion plummeted more than 25% from a year earlier and came in short of estimates. 

If you liked this article you might like

How to Profit From This Lousy Winter Weather

How to Profit From This Lousy Winter Weather

Tesla, Intel, AT&T and Powerball - 5 Things You Must Know

Tesla, Intel, AT&T and Powerball - 5 Things You Must Know

IBM Shares Fall After Warren Buffett Slashes His Stake by a Third

IBM Shares Fall After Warren Buffett Slashes His Stake by a Third

Scientific Study Finds No Link Between Cancer, Monsanto Weedkiller Glyphosate

Scientific Study Finds No Link Between Cancer, Monsanto Weedkiller Glyphosate

Trump's Antitrust Team Sends Mixed Message on M&A

Trump's Antitrust Team Sends Mixed Message on M&A