[1/2] The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February 17, 2023.
But, with U.S. markets shut for the Presidents' Day holiday, non-U.S. assets got some respite from last week's relentless pressure.
They said the failure of the S&P 500 to break resistance at 4,200 could unleash a retreat to 3,800 by March 8.
In addition, the Fed's preferred measure of inflation, the core personal consumption expenditures index (PCE), lands on Friday.
Additional reporting by Wayne Cole in Sydney; Editing by Shri Navaratnam, Christian Schmollinger and Philippa FletcherOur Standards: The Thomson Reuters Trust Principles.