Markets remain vulnerable as governments gradually ease coronavirus lockdowns and travel restrictions to revive economic growth while attempting to control the spread of Covid-19. Meanwhile, China over the weekend released details of a proposed national security law that would give the mainland the right to directly prosecute Hong Kong residents for still vaguely defined offenses.

“Shares remain technically overbought and vulnerable to a further correction or period of consolidation, but we continue to see it as a pause in a rising trend,” said Shane Oliver, a global investment strategist at AMP Capital Investors Ltd. “Fear about a second wave of coronavirus cases continues.”

Elsewhere, China’s suspension of imports from a Tyson Foods Inc. plant stoked concerns over the broader implications for U.S. and global meat exports during the pandemic.

Here are some key events coming up:

• MSCI Inc. on Tuesday announces its market classification review for 2020.
• The IMF will release new 2020 growth projections on Wednesday.
• U.S. jobless claims, durable goods and GDP data are due Thursday.
• Policy decisions are expected from central banks in Turkey and the Philippines Thursday.
• A rebalance of Russell indexes is due on Friday.

• Futures on the S&P 500 rose 0.4% as of 11:38 a.m. in Tokyo. The index fell 0.6% on Friday.
• Japan’s Topix index was little changed.
• Hong Kong’s Hang Seng fell 0.2%.
• South Korea’s Kospi dropped 0.1%.
• Australia’s S&P/ASX 200 Index rose 0.3%.
• Shanghai Composite Index rose 0.3%.
• Euro Stoxx 50 futures declined 1%.

Currencies

• The yen was flat at 106.90 per dollar.
• The offshore yuan was steady at 7.0718 per dollar.
• The Aussie rose 0.3% to 68.52 U.S. cents.
• The euro bought $1.1195.

Bonds

• The yield on 10-year Treasuries was at 0.69%.
• Australia’s 10-year yield remained at 0.86%.

Commodities

• West Texas Intermediate crude oil gained 0.5% to $39.94 a barrel.
• Gold climbed 0.6% to $1,753.62 an ounce.