On Monday, data out of China showed consumer price inflation held steady last month, remaining at its slowest rate in five years, adding to evidence the world's second-largest economy is cooling.
Over the weekend, data showed Chinese exports rose 11.6 percent in October, above forecasts but slowing from a 15.3 percent jump in September.
No major economic data is due out of the U.S. on Monday, ahead of Tuesday's Veterans Day holiday.
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Retailers will take center stage this week, with Wal-Mart, JC Penney, Kohl's and Macy's posting third-quarter earnings. Monday will be fairly quiet, however, with Sotheby's the main company reporting before Wall Street opens.
According to Deutsche Bank, around 80 percent of companies that have so far reported in the U.S. have beaten earnings per share (EPS) estimates, but only 60 percent have topped sales expectations.