Now to the currency markets. The Chinese yuan is set for its best monthly gain in 24 years this month.

The yuan closed at 6.3266 per dollar in the onshore market on Monday. That was 39 bips lower than the previous close, but 29 bips higher than the closing of the last overnight session. The People's Bank of China lifted its official yuan midpoint to 6.3267 per dollar on Monday morning. The fix was 0.27 percent firmer than last Friday's setting. In the offshore market, the yuan reached an intra-day high of 6.3306 per dollar. Analysts say the dollar would likely continue with its down trend, which could continue to provide support for the yuan.