[MARKET ANALYSIS] Asia-Pac stocks follow suit to the gains on Wall St, but with upside capped ahead of this week's central bank bonanza and as oil partially recovers

APAC Stocks: Positive

• Asia-Pac stocks are mostly positive as the region followed suit to the gains on Wall St, where sentiment was underpinned amid softer yields and oil price declines, although gains are capped overnight as oil prices partially rebounded off lows and as participants brace for this week's central bank bonanza.

ASX 200: +0.1%

• Index is just about kept afloat as gains in miners, utilities, and financials offset the losses in tech and consumer discretionary, although the upside is limited ahead of the RBA rate decision, in which the central bank is widely anticipated to hike rates for the second consecutive meeting.

Nikkei 225: +0.5%

• Reclaimed the 54,000 status but is off today's best levels as oil partially rebounded from an early trough.

Hang Seng & Shanghai Comp: Hang Seng +1.3% / Shanghai Comp +0.3%

• Chinese markets are positive with the Hong Kong benchmark outperforming amid strength in consumer stocks, while the mainland is contained after US President Trump revealed the US asked to delay the Trump-Xi summit by a month or so due to the Iran war.

US Equity Futures: Marginally

• Slightly pulled back following Monday's gains, with recent price action largely driven by oil swings.

European Equity Futures Flat

• Indicate an uneventful cash market open with Euro Stoxx 50 futures flat after the cash market closed with gains of 0.4% on Monday.