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What is it? Canada is unique in that they release fresh GDP data on a monthly basis. A quarterly GDP figure is also released, however it's merely a summation of the monthly data.

When? At 8:30am Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the CAD to rise.

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1. U.S. stocks opened lower on Monday after weekend comments from Federal Reserve Vice Chairman Stanley Fischer appeared to keep the possibility of a September rate hike alive.

2. China stocks fell sharply on Monday before recovering much of their losses as regulators cracked down on speculators which Beijing blames for a 40% crash in the country's stock markets since June. The main Shanghai Composite Index fell 3% Monday morning, before recovering some of its losses to close 0.8% lower. However, that still left it more than 12% down for the month of August, following a drop of more than 14% in July.

3. The euro remained modestly higher against the softer dollar on Monday after data showing that euro zone inflation remained low in August, adding to concerns that the European Central Bank may scale up its stimulus program.

4. The dollar remained moderately lower against the other major currencies on Monday, as renewed weakness in equities markets overnight weighed, although expectations for a September rate hike by the Federal Reserve limited losses.

5. Crude oil futures declined on Monday, as traders cashed out of the market after prices scored their biggest two-day percentage gain since 2009 last week.

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New week, same old talkers: the Fed, China, oil.

U.S. stock futures are lower on Monday, and oil prices are falling two percent.

Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

1) China falling again

Chinese stocks fell again Monday, after a wild ride last week, although the losses were relatively modest. The Shanghai Composite closed 0.8% lower Monday, while the smaller Shenzhen Composite was 3.1% down.

Chinese authorities have arrested nearly 200 people for alleged online rumor-mongering about China's stock market crash and a recent explosion in Tianjin.

2) All eyes on the Fed

Speculation about when the Fed will raise interest rates is growing. The focus will be on Friday's crucial jobs report. Last week, data showed the U.S. economy grew faster than expected in the second quarter, reinforcing the case for a rate hike.

The Chinese market crash and yuan devaluation have muddied the waters, with some officials hinting the first rise in nearly a decade could be delayed.

But Fed Vice Chair Stanley Fischer said it's too soon to make judgments one way or the other about a rate hike in September. 

3) Stock market movers

Apple, Facebook, Home Depot: Apple (AAPL, Tech30), one of the most heavily traded stock during last week's market turmoil, is edging 0.8% lower premarket. Facebook (FB, Tech30) is 1.3% lower in premarket trading, while Home Depot (HD) is 0.8% down.

4) Earnings and economics

A small number of companies are reporting quarterly earnings on Monday: Robot maker Adept Technology (ADEP), Matrix Service (MTRX), and Bazaarvoice (BV) will all publish their results after the closing bell.

Eurozone inflation was steady in August at 0.2%.

Indian second quarter GDP data is expected later in the day.

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What is it? It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy.

When? At 9:45pm Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the CNY to rise.

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What is it? It's an excellent gauge of future construction activity because obtaining government approval is among the first steps in constructing a new building. Construction is important because it produces a wide-reaching ripple effect - for example, jobs are created for the construction workers, subcontractors and inspectors are hired, and various services are purchased by the builder.

When? At 9:30pm Eastern Time.

Trading Tip: If the actual number is higher than the forecast, you can expect the AUD to rise.

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