After last week's market rally, Asia markets are expected to take a break; inflation data and central bank decisions are upcoming.

• This week, traders in Asia will closely monitor central bank releases, such as the Bank of Korea's rate decision and the Reserve Bank of Australia's August meeting minutes.
• On Monday, Japan will reveal its machinery orders for June, which serve as a gauge of capital spending in the nation.

Markets in the Asia-Pacific region were expected to open lower on Monday, following a week of gains.

This week, traders in Asia will closely monitor central bank releases, such as the Bank of Korea's rate decision and the Reserve Bank of Australia's August meeting minutes.

On Friday, inflation data from Japan and Singapore will be released, and China will announce its one-year and five-year loan prime rates on Tuesday.

On Monday, Japan will reveal its machinery orders for June, which serve as a gauge of capital spending in the nation.

The S&P/ASX 200 futures for Australia were at 7,898, a slight decrease from their previous close of 7,971.1.

The futures market in Japan indicated a weaker opening, with the Chicago contract at 37,825 and the Osaka contract at 37,640, compared to the previous close of 38.062.67.

The Hang Seng index futures in Hong Kong were lower than the HSI's last close, at 17,575 compared to 17,430.16.

On Friday in the U.S., the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all experienced gains. Specifically, the S&P 500 added 0.2%, the Nasdaq Composite gained 0.21%, and the Dow Jones Industrial Average rose 96 points, or 0.24%. These gains rounded off a week of overall market growth.

—CNBC's Brian Evans and Alex Harring. contributed to this report.