The Fed's Oct. 27-28 meeting will be the fourth of Chairman Kevin Warsh's tenure, which has been marked by questions regarding his independence from President Donald Trump, who appointed him earlier this year.

The Reserve Bank of New Zealand is expected to raise its official cash rate by 25 basis points to 3.0 percent, despite earlier signalling a pause. It would mark a third straight increase and the highest level in a year.

Markets overwhelmingly expect the Federal Reserve to leave its benchmark interest rate unchanged this week, following an increase in September. Fed policymaker Kevin Warsh has signaled that further hikes could follow if inflation pressures persist.

Kenyan police clashed with protesters in Nairobi on Monday as anger over rising fuel prices and the cost of living spilled into the streets. The unrest adds to a long-running pattern of cost-of-living protests across East Africa's largest economy.

Brazil's real and bonds fell sharply on the first trading day after Luiz Inácio Lula da Silva's re-election to a fourth term, with the São Paulo stock exchange triggering an automatic trading halt. Investors fear widening fiscal deficits as Lula faces a Congress tilted toward the opposition.