Stock markets in Asia experience a decrease, primarily due to a withdrawal in technology sectors, in anticipation of the upcoming payrolls test.

The global market landscape is shaping up for an eventful week, with several key factors influencing investor sentiment.

Gold, which recently touched a four-month high at $3,444 an ounce, has benefited from the dollar's decline and the outlook for lower interest rates. The precious metal rose 2.2% last week, offering a safe haven for investors amidst economic uncertainties.

Meanwhile, the Asian stock market started the new month in the red on Monday. MSCI's broadest index of Asia-Pacific shares outside Japan inched down 0.1%, reflecting a cautious approach from investors. The U.S.-China trade tensions and the ongoing uncertainty surrounding tariff policies continue to cast a shadow over the region's markets.

In the U.S., the job market is expected to show signs of slowing down, with the jobless rate predicted to tick up to 4.3% in August. Estimates for U.S. job growth range widely due to the uncertainty caused by July's weak report. However, analysts caution that the August report has shown a bias to undershoot forecasts over the past decade.

The U.S. Court of Appeals has ruled many of President Donald Trump's tariffs as illegal, but left them in place until mid-October awaiting an appeal to the Supreme Court. This ruling could potentially impact trade agreements already reached or being negotiated, as the White House now faces a question mark over its ability to apply sectoral levies.

Investors are bracing for a reading on U.S. jobs that could determine the course of rate cuts. Futures imply a near 90% probability of a Federal Reserve rate cut on September 17. The political pressure for faster rate cuts has been a drag on the U.S. dollar.

The Fed is also in the spotlight due to the ongoing legal battle surrounding the potential firing of Fed Governor Lisa Cook. Cook is set to file fresh arguments against her dismissal on Tuesday. Meanwhile, a confirmation hearing for Stephen Miran, Trump's pick for another Fed position, is scheduled for Thursday.

Oil prices were on the defensive ahead of a planned increase in output from OPEC+ in coming months. Brent dropped 0.2% to $67.35 a barrel, while U.S. crude eased 0.2% to $63.89 per barrel. The negotiations with Japan and South Korea over trade agreements have hit stumbling blocks, adding to the uncertainty in the oil market.

Despite Trump's attacks on the independence of the Fed this week, investors will likely remain vigilant, keeping a close eye on developments that could impact monetary policy and the economy. The dollar and bonds were little moved ahead of a busy week for data.

In other news, no relevant information about a person appearing in court on Thursday who is nominated for a Federal Reserve (Fed) membership position was found in the provided search results.