1. Stocks losing height on Monday

Investors are coming back from the long weekend and they're ready to sell.

U.S. stock futures are pointing down and European markets are all declining in early trading, with some off by more than 1%.

Oil is also moving to center stage: OPEC countries are racing to negotiate key details of a planned production cut ahead of their meeting on Wednesday.

Crude oil futures have been volatile in recent days. The price per barrel fell to $46 on Monday after topping $49 just last week.

Negativity in the markets comes after U.S. stocks surged to all-time highs on Friday during a shortened trading day.

The main U.S. indexes - the Dow Jones industrial average, S&P 500 and Nasdaq - each closed at new record highs.

The indexes have risen up by between 22% to 28% from lows set in January and February.

2. Cyber Monday frenzy

Investors are waiting to see if American customers will keep spending on Cyber Monday, following the Black Friday retail extravaganza.

Data from the National Retail Federation show more bargain hunters opened their wallets for the Black Friday weekend this year, but on average they spent a little less than in 2015.

Online sales on Thursday and Friday surpassed $5 billion with more than $1.2 billion coming from mobile devices, according to Adobe.

3. The USD is slipping after a long rally

The USD remained lower against the other major currencies on Monday, as investors continued to lock in profits from the greenback’s recent rally and as trading was expected to remain quiet with no major U.S. data expected throughout the day.

The greenback has been boosted by the view that a rate hike by the Federal Reserve in December is a near certainty, with odds hovering at nearly 100%.

Speculation that the incoming Trump administration will implement fiscal policies and tax cuts that will spur economic growth and inflation have increased expectations for the Fed to tighten monetary policy.

Markets were already discounting a second rate hike in June 2017 with the odds at around 60%.

4. Draghi takes main stage

The European Central Bank (ECB) president Mario Draghi is scheduled to respond to questions from the European Parliament on Monday where he will likely be questioned about the euro zone monetary authority’s plans for stimulus.

Draghi has long come under fire for the negative effect of low rate policies on savers and may well be questioned about effects from the U.K.’s decision to leave the European Union, the progress with Greece’s bailout or the state of the Italian banking system and its nonperforming loans.

The ECB’s next policy decision is scheduled for December with most experts expecting to hear Draghi extend the asset purchase program beyond the current March 2017 end.