⁍ Japan’s Nikkei 225 futures were flat after Chief Cabinet Secretary Yoshihide Suga won a ruling party leadership election.

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⁍ China’s industrial production and retail sales for August are expected to show an improving economy.

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⁍ U.S. retail sales figures from August are due Wednesday.

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– The Federal Reserve begins a two-day policy meeting today, and while most eyes are on Janet Yellen’s speech for clues as to whether the central bank will raise interest rates later this year, another key event will be the Fed’s press conference at the end of the meeting. The market will be watching for any clues as to whether Yellen will reiterate that the case for a rate hike is stronger than previously thought, reports MarketWatch. “The market is likely to be looking for any sign that Janet Yellen is going to reiterate that the case for a rate hike is stronger than previously thought,” a market analyst at Oanda in London tells Reuters. “The market is looking for any sign that the Fed is going to act more dovish than they have been in the past.” In other market news: Asian markets were mixed, with Australia’s S&P/ASX 200 futures down 0.22% and Hong Kong’s Hang Seng index futures lost 0.08%, reports Reuters. Japan’s Nikkei 225 futures were flat after Chief Cabinet Secretary Yoshihide Suga won a ruling party leadership election, paving the way for him to succeed Prime Minister Shinzo Abe. “The global economic recovery is currently being driven by China’s fast rebound,’ said Joseph Capurso, head of international economics at Commonwealth Bank of Australia. “As a result, market participants will likely be very sensitive to any downside surprises to the Chinese data.”