It will be a busy week in Asia Pacific, with central bank decisions scheduled in India, New Zealand and South Korea and data due from major economies including China, while the earnings season kicks off in full Down Under.
Setting the tone for markets, the U.S. non-farm payroll report released Friday showed the U.S. economy added 255,000 jobs in July, beating expectations for 180,000. Good news on the jobs front may spur the U.S. Federal Reserve to increase interest rates sooner than the market had expected.
Other factors may also spur volatility in markets.
"Seasonal September quarter weakness along with risks around Italian banks, the Fed and global growth generally could still see more volatility in shares in the short term," said Shane Oliver, head of investment strategy and chief economist at AMP Capital in a note to clients.