Asian shares eased while U.S. and European equity futures rose as investors looked ahead to earnings and economic data. Brent crude fell 1.3% to $103.38 a barrel, and U.S. crude dropped 1.7% to $90.29.
South Korean shares fell 3.1%, while Taiwan's market eased 0.2% and MSCI's broadest index of Asia-Pacific shares excluding Japan dipped 0.4%. S&P 500 futures rose 0.3%, Nasdaq futures gained 0.4%, and major European futures were also higher.
Major U.S. banks were set to begin reporting on Tuesday, while TSMC was likely to report a sixth consecutive quarter of record earnings on Thursday. Third-quarter S&P 500 earnings were expected to rise more than 30%, with most of the increase coming from the technology sector.
Investors faced U.S. consumer and producer price data and retail sales this week. Consumer inflation was expected to rise 0.6% for the month and reach 3.7% annually, while core inflation was forecast at 0.2% monthly and 2.5% annually. Markets priced in an 18% chance of a Federal Reserve rate increase this month and an 85% chance in December.
