In Asia, there was choppy trade with investors cautious after the wild swings seen in Chinese equities. China's National Bureau of Statistics revised its annual economic growth rate for 2014 on Monday to 7.3 percent from the previously released figure of 7.4 percent.
The Chinese benchmark Shanghai Composite closed down 2.6 percent on Monday. This weighed on oil prices, with both brent and light crude falling by nearly 4 percent.
Last Friday's sell-off on Wall Street after a lackluster jobs report has not helped investor sentiment either. Major U.S. indexes finished more than 1 percent lower, after the nonfarm payrolls report showed that 173,000 jobs were created in August, missing expectations of 220,000.
The number had some analysts suggest that the U.S. central bank might wait until later in the year to raise interest rates, but traders appear to be betting on a rate-rise at next week's Federal Open Market Committee (FOMC) meeting.