Equity markets continued to underperform as concerns about rising interest rates in the fight against inflation clouded investor sentiment.
The main focus in the United States (US) is of course on the reading of the consumer price index (CPI) that will be published on Wednesday, in determining the implementation of interest rate hike plans by the Federal Reserve (Fed).
The Fed is currently expected to hike by 75 basis points in September based on strong employment data, reflecting that the current economy is able to withstand the central bank's tightening cycle.
The streak saw Wall Street close slightly mixed with the Dow Jones Industrials up 0.09% while the S&P 500 lost 0.12% and the Nasdaq Composite fell 0.1%.
Among the listed companies on Wall Street that experienced the biggest daily decline was Nvidia Corp, whose shares fell 6% after the company issued a warning that its 2nd quarter revenue would drop 19%.
Moving to Europe, the STOXX 600 ended 0.75% higher after being led by cyclical and growth stocks which further recovered losses suffered last week.
MSCI's index of worldwide shares, which tracks a total of 47 countries, added 0.15%.
Opening on Asian markets, most indices were flat as markets were seen still trying to digest last week's data readings.
Japan's Nikkei and Topix traded slightly lower while the S&P/ASX 200 was flat while South Korea's Kospi rose 0.23% and the Kosdap jumped 0.7%.
MSCI's broadest index of Asia-Pacific shares outside Japan was seen rising slightly.
Currency trends showed the greenback traded slightly lower from 107 to 106.343 while the Japanese Yen was at $134.86.
Meanwhile, the benchmark 10-year note yield fell 2.751% from 2.869% while the 2-year yield fell 3.211% from 3.331%.
As for commodities, WTI oil futures were down 0.28% at $90.51 while Brent oil was down 0.25% at $96.41.
