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· European markets were higher on Monday morning, as investors digested news that the U.S. Senate narrowly passed a major tax bill over the weekend.

The pan-European Stoxx 600 opened up 0.65 percent shortly after the opening bell, with all sectors and major bourses in positive territory.

· Japan’s Nikkei share average fell on Monday with weakness in large-cap stocks such as Fanuc and SoftBank taking a toll, while tech shares also lost ground, offsetting gains in retail stocks which rose on strong monthly sales.

The Nikkei dropped 0.5 percent to 22,707.16. The broader Topix slipped 0.5 percent to 1,786.87, with turnover of only 2.41 trillion yen ($21.36 billion), the lowest in more than a week.

· China’s blue-chip shares rallied on Monday, bolstered by strong gains in consumer firms.

** At the close, the Shanghai Composite index was down 7.25 points or 0.22 percent at 3,310.37. **

The blue-chip CSI300 index was up 0.53 percent, with its financial sector sub-index higher by 0.43 percent, the consumer staples sector up 2.75 percent, the real estate index down 0.12 percent and healthcare sub-index up 0.82 percent.

Reference: Reuters, CNBC