On the data front, Monday will see consumer credit for November released at 3 p.m ET.
On the earnings front, Commercial Metals and Global Payments reported quarterly results. Barracuda Networks and WD-40 are both due to report after the market close.
In Europe, the pan-European Stoxx-600 index was around 0.5 percent lower on Monday. In Asia, the Shanghai Composite in China closed 0.55 percent higher, while the Nikkei in Japan closed 0.34 percent lower.
In oil markets, Brent crude traded at around $55.94 a barrel on Monday, down 2.03 percent, while U.S. crude was around $52.92 a barrel, down 1.98 percent.
Oil prices slipped on Monday as increased exports from Iran appeared to weaken the efforts by other oil producers to curtail global oversupply.