Equity market trends at the beginning of the week started positively with investor sentiment seen to recover, breaking the last 3 sessions of losses.
Starting in the Asian region, Japan's Nikkei 225 rose 1.26% while the Topix gained 0.92% while Australia's S&P/ASX 200 added 0.92% and MSCI's broadest index of shares outside Japan climbed 0.18%.
Turning to Wall Street, Dow Jones Industrial and S&P 500 futures rose 0.3% while the Nasdaq Composite jumped 0.4%.
Although the equity market took gains at the beginning of the week, some key data this week may change investor confidence as the overall sentiment is seen as risk-off.
According to economist Ethan Harris, the market survey found that 88% expect the Federal Reserve (Fed) to raise rates by 75 basis points.
Among the main focuses this week are readings of the consumer price index (CPI) and the monthly core of the United States (US) flanked by producer price index (PPI) data, retail sales data and the University of Michigan sentiment index.
In addition, the European zone will focus on gross domestic product (GDP) and British CPI data while in Asia there will be Australian employment data readings.
Meanwhile, points showed the dollar index at 108.820, down from last week's 110.790 level when the Yen was down at 142.67 while the Euro was up at $1.0067.
For commodities, oil prices traded lower with Brent down 36 cents at $92.48 while US crude fell 45 cents at $86.34.
