Equity flows are still moving slowly in negative territory as the dollar index remains gloomy at the start of the week.
Even so, the Asian market showed a positive performance ahead of the Reserve Bank of Australia (RBA) policy meeting.
Looking at indices, Japan's Nikkei 225 rose 0.46% while Topix added 0.28% while South Korea's Kospi rose 0.14% and Kosdaq reached 0.43%.
The S&P/ASX 200 index was flat while MSCI's broadest gauge of Asia Pacific shares outside Japan rose 0.11%.
Looking at the outlook, many were predicting the RBA to implement a half basis point hike to 2.35% and that sent the Australian dollar higher in the Asian session this morning above the $0.6800 price level.
Moving to the European zone, the STOXX 600 fell 0.8% but it has recovered slightly after hitting a 7-week low earlier in the session while MSCI's index of global equities fell 0.4%.
Europe's focus is on a surge in gas prices after Russia said an energy pipeline would be closed, indirectly raising the possibility of a recession that tarnished market sentiment.
European gas prices jumped 30% during the opening session.
Meanwhile, investors are expected to be more cautious today as the Wall Street market is closed for the Labor Day holiday in the United States.
As for commodities, WTI was up 2.16% at $88.75 after OPEC+ agreed to cut crude oil production while Brent futures were down 0.66% at $95.11.
