Equity market trends started flat in Asia, following the movement in the United States (US) with 4 important central bank meetings this week.
The opening of the Asian trading session saw South Korea's Kospi fall 0.45%, the Kosdaq down 0.74% while the S&P/ASX 200 index rose 0.11%.
The Japanese stock market is closed in conjunction with the 'Age Respect Day' holiday.
MSCI's broadest index of Asia Pacific shares outside Japan rose 0.1% after suffering a weekly loss of 3%.
Revealing the situation on Wall Street, the Dow Jones Industrial fell 0.5% with the S&P 500 down 0.7% and the Nasdaq Composite lost 0.9% in the closing session last Friday.
Despite that, Dow Jones and S&P index futures were seen up 0.2% while Nasdaq futures were flat.
The currency summary saw the dollar index steady at 109.60 against other totals with the Yen at 142.78 per dollar, the Euro at $1.1021 and the Pound at $1.1436.
In the meantime, the focus throughout the week will be on the FOMC and 3 other important central bank meetings that will see the implementation of interest rate hikes.
Markets predict the Federal Reserve (Fed) will raise rates by 75 basis points which will indirectly boost the dollar's recovery, and it sent Treasury yields soaring last week.
In addition, the Bank of Japan (BOJ) as well as the Bank of England (BOE) and the Swiss National Bank (SNB) will implement rate increases on Thursday, which is the same day the Fed increases its policy.
As a result, equity investors are expected to trade cautiously as the market remains risk-averse especially ahead of key meetings on interest rate hikes.
