Equity movements in the Asia-Pacific region were mixed ahead of the release of China's factory activity survey data for July.
The main factor to the mixed movement is due to the China Purchasing Management Index data reading in July which fell 49 from the 50.2 recorded during June while the projection was set at 50.3.
Following the streak, Japan's Nikkei 225 and Topix opened lower while Australia's S&P/ASX 200 rose 0.11%.
South Korea's Kospi fell 0.55 and the Kosdaq fell 0.2% while MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.2%.
In the meantime, this week's focus is on the ISM survey data of the manufacturing and services sector PMI in addition to JOLTS job openings as well as the NFP employment data report and the unemployment rate in the United States (US).
Not to be forgotten is that the corporate income reporting season is still underway with several giant companies set to publish their quarterly results throughout this week.
Elsewhere, Wall Street equities closed well with the Dow Jones Industrials up 1% at 32,845.1, the S&P 500 up 1.4% at 4,130.3 and the Nasdaq Composite up 1.9% at 12,390.7.
Looking at the indexes the Dow Jones gained 6.7% overall in July while the S&P 500 added 9.1% and the Nasdaq Composite jumped 12.4%.
News in Europe will focus on the rate hike decision by the Bank of England (BOE) which is expected to implement a 50 basis point tightening at the August meeting.
Currency flows saw the dollar index, which tracks a number of other currencies, fall below last week's low of 106.005.
The Japanese yen was traded on the strength from last week's level at $133.27 and the Australian dollar at $0.6972.
As for commodities, oil futures were down with US crude oil down 0.95% at $97.68 while Brent crude was down 0.77% at $103.17.
