[MARKET UPDATE] Asia-Pac stocks are mostly higher following the mildly positive handover from US, while markets now await upcoming central bank policy decisions including from the FOMC on Wednesday

Asia-Pac stocks are mostly higher following the mildly positive handover from US, while markets now await upcoming central bank policy decisions including from the FOMC on Wednesday.

Asia-Pac stocks gaining on the back of a modestly positive US market suggests a degree of risk-on sentiment, but the focus now shifts to upcoming central bank decisions. With the FOMC meeting on Wednesday, traders are likely recalibrating expectations, particularly regarding interest rates and economic guidance, which could impact equities, USD, and fixed income markets significantly.