UPDATED 7:00 ET

STOCKS – European stocks were little changed near a six-year high as a report showed that the euro zone’s manufacturing and services industries expanded at a faster-than- forecast pace. U.S. index futures and Asian shares declined.
BONDS – Treasuries rose for the first day this week after a private survey showing Chinese manufacturing unexpectedly contracted to a six-month low boosted demand for the relative safety of the U.S. securities.
COMMODITIES – Crude Oil traded near its highest closing level in three weeks before weekly government data on U.S. inventories amid signs the economic recovery in developed nations is gaining strength.
CURRENCIES – Australia’s dollar dropped against its 16 major peers after a private report showed manufacturing unexpectedly contracted in China, the South Pacific nation’s biggest export market.
ECONOMIC DATA – CAD Retail Sales and US Unemployment Claims due at 8:30, Flash Manufacturing PMI at 9:00, Existing Home Sales at 10:00, Natural Gas Storage at 10:30, Crude Oil Inventories at 11:00 ET.