Geopolitical risk has ramped up several notches over the weekend after a coordinated bombing of supposed chemical weapons manufacture sites in Syria.
A significant driver of recent trading sentiment has been taken from the flows of news over the trade dispute between the US and China.
Political risk remains key moving into what looks to be a quiet week on financial markets.
Traders come into this week with much anticipation of the monetary policy meeting of the FOMC which could signal a key shift on Wednesday.
Traders continue to react to the mixed Non-farm Payrolls report on Friday that hampers building expectation for a fourth rate hike by the Fed this year.
Politics and central bank is high on the agenda this week as markets continue to react to protectionist moves from Donald Trump, the Italian election over the weekend and look forward to four major central banks announcing their latest monetary policy decisions.
All eyes will turn back to the US this week as newly appointed Fed chair Jerome Powell faces the Congressional committees for the first time this week.