Monday Morning Market Roundup: How Is This Week Shaping up?

Here’s what’s shaking:

Stocks:

Getty Images.

U.S. stock futures are following markets in Asia higher on new data showing that Japan's economy grew faster than originally thought this year.

There are no major economic indicators or corporate earnings scheduled for release in the U.S. Monday.

Dow Jones industrial futures are up 51 points to 15,259. S&P futures have added 7.4 points to 1,646. Nasdaq futures are up 12 points to 2,992.50.

Japan's Nikkei jumped nearly 5 percent after first-quarter growth for the world's third-largest economy was revised upward to 4.1 percent, from 3.5 percent.

Investors will head into morning trading a lot more optimistic about the U.S. economy, too, following a strong report Friday from the Labor Department.

Next up is the May retail sales report Thursday from the Department of Commerce. Economists expect a slight uptick.

Oil:

Getty Images.

The price of oil fell Monday, wiping away some of the gains posted late last week on the heels of a positive U.S. employment report.

Benchmark oil for July delivery fell 42 cents to $95.61 per barrel in electronic trading on the New York Mercantile Exchange. The contract for benchmark crude rose $1.27 to close at $96.03 a barrel on the Nymex on Friday.

Commodity markets are torn between half-decent economic indicators in the U.S. and softer ones in China.

A jobs report on Friday showed the U.S. economy added 175,000 jobs in May – a milquetoast report at best.

In China, lower-than-expected inflation data reflected weak demand in the world's second-largest economy, which is also a major energy consumer.

Brent crude, a benchmark for many international oil varieties, fell 37 cents to $104.19 a barrel on the ICE Futures exchange in London.