Asia markets set for mostly higher open; Australia central bank starts two-day policy meeting

Asia-Pacific markets were acceptable to unfastened mostly higher Monday, portion the Reserve Bank of Australia volition kickstart its two-day argumentation gathering wherever it is expected to clasp its currency complaint dependable astatine 3.6%, according to a Reuters poll.

"The RBA are apt to find themselves successful a tougher presumption than caller meetings. There is existent hostility gathering successful the information flow," the Commonwealth Bank of Australia wrote successful a note, citing however the country's August CPI indicates "material upside risks to Q3 inflation" arsenic good arsenic a a cyclical upswing successful the enactment data. However, CBA's economists besides pointed to signs of softer employment and moderating wages growth.

Futures for Australia's S&P/ASX 200 stood astatine 8,840, somewhat higher than its past adjacent of 8,787.7.

Hong Kong's Hang Seng index futures were astatine 26,290, higher than the HSI's past adjacent of 26,128.2.

Japan's Nikkei 225 futures pointed to a little unfastened for the market, with the futures declaration successful Chicago astatine 45,320, and its counterpart successful Osaka astatine 45,200, compared with the erstwhile adjacent of 45,354.99.

On Friday stateside, the 3 large averages climbed pursuing the merchandise of crucial U.S. ostentation data.

The Dow Jones Industrial Average advanced 299.97 points, oregon 0.65%, to adjacent astatine 46,247.29. The S&P 500 added 0.59% to adjacent astatine 6,643.70, portion the Nasdaq Composite rose 0.44% to settee astatine 22,484.07.

Friday's rally snapped a three-day losing streak for the large indexes, but inactive ended the week down. The Nasdaq Composite and S&P 500 slid 0.7% and 0.3%, marking each index's archetypal losing week successful four. The Dow shed 0.2%.

—CNBC's Pia Singh and Sean Conlon contributed to this report.