Traders will be watching new inflation data at the producer level, as well as the early effects on the labor market from the expiration of a critical source of unemployment insurance during the pandemic during this holiday-shortened week.

During the epidemic, millions of Americans were awarded additional unemployment assistance through Congress' Coronavirus Aid, Relief, and Economic Security (CARES) Act, which boosted federal unemployment payments. These programs are due to expire on Monday, ending the unemployment benefits for 7.5 million jobless Americans.

After sluggish U.S. hiring in August reinforcing anticipation that the Federal Reserve would delay the removal of economic stimulus; the news has lifted stock prices, Asian stock markets rose on Monday.
The Shanghai Composite Index SHCOMP, +1.12%, gained 1%, while the Nikkei 225 NIK, +1.83 percent, gained 1.7 percent in Tokyo. In Hong Kong, the Hang Seng HSI, +1.01 percent, increased by 0.5 percent.
South Korea's Kospi 180721, +0.07% fell less than 0.1 percent, while Sydney's S&P/ASX 200 XJO, +0.07%, fell 0.6 percent. Indonesia's JAKIDX index fell by 0.00 percent, while Singapore's STI index rose by 0.56 percent, and Taiwan's Y9999 index fell by 0.12 percent.

European stock markets rose on Monday, lifted by solid German industrial orders and a poor US jobs report, which pointed to a postponement of the Federal Reserve's monetary policy tightening.

At 3:35 a.m. ET (0735 GMT), the DAX in Germany was up 0.6 percent, the CAC 40 in France was up 0.6 percent, and the FTSE 100 in the United Kingdom was up 0.5 percent.

The news that orders for German manufacturing goods unexpectedly increased by 3.4 percent in July, reaching a post-reunification high, helped lift the mood at the start of the week.

Crude oil prices have fallen in the last week, following a disappointing August jobs report, as anticipation rose that the Federal Reserve would delay withdrawing stimulus.

Brent crude's global benchmark for oil declined 0.6 percent to $72.61 a barrel on Friday. Brent lost only 0.1 percent of its value this week.

Employers gained 235,000 jobs in August, less than a third of the 733,000 expected, but the coronavirus epidemic continues to present problems.

Brent crude bulls were only comforted by the 5.2 percent improvement in the unemployment rate from July to August.