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Asia's cash premiums for jet fuel edged higher on Monday, lifted by stronger buying interest in the physical market.

Australian shares are expected to open lower on Monday, snapping a two-day winning streak, as energy stocks are likely to dip on renewed concerns about resurgence of COVID-19 cases across Europe, dampening risk appetite.

South Africa's rand steadied early on Monday, trading close to a one-year low as a stronger dollar and concerns of rising coronavirus cases weighed on sentiment.

Green and black are increasingly clashing. Reliance Industries and Saudi Aramco will re-examine a plan first unveiled more than two years ago for the oil colossus to pump $15 billion into the Indian conglomerate’s refining operations. The impasse reflects how quickly investment decisions are being upended by the energy transition.

Japanese stocks fell on Monday, tracking the Dow's losses at the end of last week amid renewed coronavirus concerns, while chip-related shares followed their U.S. peers higher.

Hungary's forint hit a new all-time low on Monday and the Polish zloty was stuck around its weakest levels in 12 years, under pressure from a strong U.S. dollar and worry over the worsening COVID-19 situation in central Europe.

The Australian and New Zealand dollars were little changed on Monday, hovering near recent lows after Friday's declines that were driven by concerns over demand for oil and other commodities amid a resurgence of pandemic curbs in Europe.

The Ugandan shilling was unchanged on Monday, underpinned by some dollar inflows from remittances, traders said.

The safe-haven U.S. dollar traded close to a 16-month high to the euro on Monday on growing anxiety over the impact of surging COVID-19 infections in Europe, with Austria reimposing a full lockdown and Germany considering following suit.

Stocks made a wobbly start to the week while oil and the euro were under pressure on Monday, as the return of COVID-19 restrictions in Europe and talk about hastened tapering from the U.S. Federal Reserve put investors on guard.