The focus on Monday is likely to be on the outcome of a meeting of Eurozone FMs, who are due to discuss a recent letter of pledged reforms sent by the Greek government. Athens and its Eurozone partners struck a deal last month to extend its bailout program by 4 months, but the cash-strapped country has until April to successfully conclude a bailout review before it receives any further aid.
Japan's economy grew an annualized 1.5% in Oct-Dec 2014, far below the estimated growth of 2.2%, as a result of weak business investment and inventories. China posted a record trade surplus of $60.6 billion last month. The Australian and New Zealand dollars hovered near one-month lows on Monday, after a surprisingly strong U.S. jobs report. AUD was at $0.7704, edging closer to a six-year low. NZD stood at $0.7358, having been one of the worst performers after a near 2% fall.
The U.S. Labor Department said on Friday that U.S. employers added 295,000 workers in February; the unemployment rate hit a 6.5-year low of 5.5%. Following the announcement, the S&P500 Index fell 1.4%, U.S. stocks hit a 3-week low, U.S. debt yields hit a 10-week high, and the Dollar Index hit an 11.5-year high. Gold drifted higher to $1,170.95 an ounce.