The market has focused on several important economic data in the closing sessions of last week.
Among the observed were PMI data readings, especially for Germany, the United Kingdom (UK) and also the United States (US), which all showed positive figures for October.
This shows that the major economies are still moving well and the US is still resilient despite the pressure of the ongoing government shutdown.
However, the main focus is the US inflation report published in the New York session last Friday, which is an important indicator for the central bank ahead of this week's FOMC meeting.
The US consumer price index (CPI) for September recorded an increase to 3.0% from the previous level of 2.9%, but did not reach market expectations of 3.1%.
This slightly supports expectations for the Federal Reserve (Fed) to continue its monetary policy easing.
After the first interest rate cut of the year in September, the market is expecting another 25 basis points cut in interest rates for the October meeting.
Meanwhile, market sentiment at the opening of the week was brightened by positive developments in trade talks between the US and China during a meeting in Malaysia over the weekend.
The two leaders, Donald Trump and Xi Jinping, are expected to finalize the talks in a meeting this Thursday in South Korea.
