Market focus is largely attuned to central bank expectations, with the Fed due to kick-off its two-day policy meeting on Tuesday.
With global economic growth appearing to slow, most market participants anticipate the U.S. central bank to adopt a cautious tone. The Federal Reserve is also expected to lower its interest rate forecasts — or “dot plots” — to show little or no further tightening in 2019.
In Asia, MSCI’s broadest index of Asia-Pacific shares, excluding Japan, was little changed from the previous session.
On the data front, January factory orders numbers are due at 10:00 a.m. ET.
– CNBC’s Sam Meredith contributed to this report.