Data is expected to keep investors on their toes on Monday, as key economic releases are set to be released.
The Flash Composite Purchasing Managers’ Index (PMI) is due out at 9.45 a.m. ET, while the existing homes sales data is slated to come out at 10.00 a.m. ET.
Lastly, any political noise coming out of the White House will be of key importance on Monday, following news last week that Sean Spicer had resigned as the White House’s press secretary, while Anthony Scaramucci was hired as communications director.
No major speeches by members of the Federal Reserve are expected to take place on Monday.
Commodities-wise, investors are turning their attention to oil as a meeting between OPEC and non-OPEC ministers takes place in Russia, which may address the rising output seen from Libya and Nigeria as of late. Oil prices were gaining in morning trade.
Brent crude traded at around $48.61 a barrel on, up 1.14 percent, while U.S. crude was also lower around $46.29 a barrel, up 1.14 percent.