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China stocks rose on Monday as Premier Li Keqiang said reserve requirement ratios will be cut in a timely way, while real estate developers led gains after local government summoned the chairman of debt-ridden China Evergrande Group.

Futures for Canada's main stock index rose on Monday, tracking stronger crude prices as concerns around the Omicron coronavirus variant eased, although gains were limited by weakness in bullion.

Indian shares fell on Monday as the country recorded more cases of the Omicron variant over the weekend, while investors awaited a central bank decision that could leave interest rates on hold to sustain an economic recovery from the pandemic lows in 2020.

The Swiss blue-chip SMI was seen opening 0.9% higher at 12,280 points on Monday, according to premarket indications from bank Julius Baer .

Sri Lankan shares rose on Monday, after falling more than 2% in the previous session, helped by heavyweight industrial stocks.

The following equity, currency and commodity market moves may affect South African markets on Monday.

U.S. and European stocks futures moved higher on Monday as Asian markets lagged, while bonds surrendered some of their recent gains and oil rallied as Saudi Arabia lifted its crude prices.

South Africa's rand was slightly stronger early on Monday, on signs that the Omicron coronavirus variant driving a fourth wave of COVID-19 infections in the country may be causing mainly mild infections.

Asian currencies were broadly mixed on Monday, with Indonesia's rupiah and the South Korean won leading losses against the U.S. dollar, buoyed by increasingly hawkish commentary from the Federal Reserve and concerns over the new Omicron variant.

The Uganda shilling was a notch weaker on Monday, undercut by an uptick in appetite for hard currency from merchandise importers.