Investing.com - Shares in Tokyo inched higher in Asia on Monday, while Shanghai surged as investors looked ahead to the latest Federal Reserve views on rates this week.
The Shanghai Composite rose 1.82%, while the Nikkei 225 edged up 0.19%.
In the week ahead, investors will be focusing their attention on Wednesday’s Federal Reserve policy statement to see if it would drop its reference to being patient before raising rates. Central bank meetings in Japan and Switzerland will also be in focus.
On Monday, Switzerland is to release data on producer prices and retail sales.
In the euro zone, Germany's Bundesbank is to publish its monthly report.
Later Monday Canada is to publish data on foreign securities purchases.
The U.S. is to produce reports on industrial production and manufacturing activity in the New York region, as well as private sector data on the housing market.
Last week, U.S. stocks were lower after the close on Friday, as losses in the Basic Materials, Utilities and Industrials sectors led shares lower.
At the close in New York, the Dow Jones Industrial Average fell 0.82%, while the S&P 500 index fell 0.61%, and the NASDAQ Composite index declined 0.44%.