Global stocks were mostly lower as markets paused after a wobble in tech stocks last week that could resume or reverse when US$5-trillion chipmaker Nvidia reports earnings on Wednesday.

Wall Street futures were mixed: Dow futures were down 0.1 per cent, S&P 500 futures rose 0.1 per cent and Nasdaq futures were 0.3 per cent higher as of 5:50 a.m. ET.

TSX futures edged lower after Canada’s main stock market closed up on Friday.

The headline U.S. data release this week will be Thursday’s delayed September jobs report. The figures may be too stale to be of much use, since private surveys have already flagged a labour market slowdown.

“If all it does is confirm that, it’s not going to change the tune of the more hawkish Fed officials. They are more worried about inflation upside risks, so CPI data for them will be critical,” said ANZ’s head of research in Asia, Khoon Goh.

Overseas, the pan-European STOXX 600 was down 0.45 per cent in morning trading. Britain’s FTSE 100 declined 0.17 per cent, Germany’s DAX slid 0.56 per cent and France’s CAC 40 gave back 0.45 per cent.

In Asia, Japan’s Nikkei closed 0.1 per cent lower, while Hong Kong’s Hang Seng shed 0.71 per cent.

Oil prices fell as loading resumed at the key Russian export hub of Novorossiysk, after a two-day suspension at the Black Sea port that had been hit by a Ukrainian attack.

Brent crude futures dropped 0.7 per cent to US$63.94 a barrel. West Texas Intermediate (WTI) crude futures were trading at US$59.63 a barrel, down 0.8 per cent from Friday’s close.

“Investors are trying to gauge how Ukraine’s attacks will affect Russia’s crude exports in the long term, while also locking in profits after last Friday’s rally,” said Toshitaka Tazawa, an analyst at Fujitomi Securities.

“Over all, the perception of oversupply from OPEC+ production increases remains,” he said, adding that WTI is likely to stay near US$60 a barrel, fluctuating within a US$5 range.

In other commodities, spot gold was steady at US$4,079.48 an ounce. U.S. gold futures for December delivery fell 0.3 per cent to US$4,081.50 an ounce.

The Canadian dollar weakened against its U.S. counterpart.

The day range on the loonie was 71.22 US cents to 71.35 US cents in early trading. The Canadian dollar was up about 0.07 per cent against the greenback over the past month.

The U.S. dollar index, which weighs the greenback against a group of currencies, gained 0.09 per cent to 99.39.

The euro declined 0.15 per cent to US$1.1604. The British pound edged down 0.02 per cent to US$1.3168.

In bonds, the yield on the U.S. 10-year note was last down at 4.128 per cent.

Japan real GDP and industrial production

5 a.m. ET: Canadian existing home sales and average prices. The Street is expecting year-over-year declines of 6.0 per cent and 3 per cent, respectively.

5 a.m. ET: Canada’s MLS Home Price Index for October. Estimate is a year-over-year drop of 3.5 per cent.

8:15 a.m. ET: Canadian housing starts for October.

8:30 a.m. ET: Canadian CPI for October. The consensus projections are a rise of 0.2 per cent from September and up 2.2 per cent year-over-year.

8:30 a.m. ET: Canadian international securities transactions for September.

8:30 a.m. ET: Canada’s new motor vehicle sales for September.

With Reuters and The Canadian Press