Developments in Iraq remained in focus. Over the weekend, it was reported that Sunni rebels had secured a number of border crossings into Syria, and potentially Jordan, potentially allowing them to bolster supply lines. U.S. Secretary of State John Kerry will start a week-long tour of the Middle East this week to try and corral support for the creation of a new government that will attempt to halt the violence.
The start of the week in the U.S. will be dominated by housing market indicators, with existing homes sales figures on Monday to be followed by new home sales numbers on Tuesday and the FHFA and Case-Shiller home price indices.
The sales figures are likely to illustrate a softness in the sector seen since mortgage rates took a step up last year.
"Despite probably rising on the month, existing homes are likely to remain below levels in each month last year, and new home sales are likely to remain within the range of the past 18 months," said Chris Scicluna of Daiwa Capital Markets in a research note on Monday.