Nikkei 225, Kospi, ASX 200

Asia-Pacific markets are expected to open mostly higher on Monday. The Reserve Bank of Australia is set to kickstart its two-day policy meeting, with expectations to hold its cash rate steady at 3.6%, according to a Reuters poll.

“The RBA are likely to find themselves in a tougher position than recent meetings. There is real tension building in the data flow,” the Commonwealth Bank of Australia wrote in a note, highlighting the country’s August CPI indicating “material upside risks to Q3 inflation” and a cyclical upswing in activity data. However, softer employment and moderating wages growth are also noted by CBA’s economists.

Futures for Australia’s S&P/ASX 200 are at 8,840, slightly higher than its last close of 8,787.7.

Hong Kong’s Hang Seng index futures are at 26,290, higher than the HSI’s last close of 26,128.2.

Japan’s Nikkei 225 futures point to a lower open for the market, with the futures contract in Chicago at 45,320, and its counterpart in Osaka at 45,200, compared with the previous close of 45,354.99.

On Friday in the U.S., the three major averages climbed following the release of crucial U.S. inflation data.

The Dow Jones Industrial Average advanced 299.97 points, or 0.65%, to close at 46,247.29. The S&P 500 added 0.59% to close at 6,643.70, while the Nasdaq Composite rose 0.44% to settle at 22,484.07.

Friday’s rally snapped a three-day losing streak for the major indexes, but still ended the week down. The Nasdaq Composite and S&P 500 slid 0.7% and 0.3%, marking each index’s first losing week in four. The Dow shed 0.2%.

—This report includes contributions from CNBC’s Pia Singh and Sean Conlon.