Global economic activity was mixed during the third quarter of 2023, with distinct signs of improvement in the United States and China but continued sluggishness elsewhere.

Asian shares slipped on Monday as Israel's push into Gaza stirred fears of a wider conflict ahead of central bank meetings in the United States, Britain and Japan, the latter of which might see a policy tightening.

Oil prices fell in Asian trade on Monday, reversing a bulk of gains made in the prior session as anticipation of a Federal Reserve meeting and key economic readings this week spurred some profit-taking.

The dollar inched broadly higher in cautious trade on Monday and held near 150 yen as traders looked to a policy decision by the Bank of Japan later in the week, alongside other major central bank meetings and a slew of economic data releases globally.

The British economy's performance, especially the labor market, is becoming harder to comprehend due to changes in data collection methods and a decline in survey response rates. This has led to the Office for National Statistics (ONS) delaying its flagship jobs report to improve employment and unemployment rate estimates. The new method replaces conventional household surveys with an "experimental" data series derived from tax and state benefit data. This shift was triggered by a decrease in survey participation.

Inflation in Japan’s capital grew more than expected in October, coming just a few days before a Bank of Japan meeting where investors expect more signals on a potential pivot away from its ultra-dovish policy.