Cooked by the United States (US) inflation data tonight, investors are also looking forward to 4 more meetings of the world's main central banks on Thursday.
For now, the equity market is finding its way up with investors optimistic about the producer price index (CPI) data and the prospect of a Federal Reserve (Fed) interest rate hike.
Wall Street indices finished positive with the Dow Jones Industrials up 1.58% at 34,005.04, the S&P 500 up 1.43% at 3,990.56 and the Nasdaq Composite up 1.26% at 11,143.74.
Europe's STOXX 600 fell 0.5% as investors awaited a move on central bank rate hikes while MSCI's global gauge rose 0.55%, down 18% so far this year to reverse gains through 2021.
This morning in Asia, Australia's S&P/ASX 200 rose 0.28%, Japan's Nikkei 225 added 0.85%, Topix climbed 1.44%, South Korea's Kospi reached 0.52%, Kosdaq gained 0.50% and the MSCI Asia Pacific gauge outside Japan rose 0.13%.
On the opposite side, the dollar index moved weakly at $105.01 around last week's 5-month low of $104.1 with the Euro flat at $1.0535.
In the meantime, the focus is on the Fed, the European Central Bank (ECB), the Swiss Reserve Bank (SNB) and the Bank of England (BOE) who are each expected to raise rates by 50 basis points compared to 75 basis points.
But the main focus of investors is of course the US CPI data which is predicted to be the main catalyst for Uncle Sam's country's economy.
Commenting Patrick Spencer, vice chairman of equities at investment bank Baird, the Fed is expected to slow the pace of rate hikes this week but the CPI remains an important reading on the outlook for the economy next year.
