With little economic data due out on Monday, market-watchers will be on the lookout for any key statements made by two Fed presidents, just days after the central bank chose to raise rates for the second time this year.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.5 percent.
US crude settled down 1.2 percent at $44.20 per barrel, its lowest since November 14. "I do see some support from uncertainty about the United Kingdom government and the start of Brexit negotiations".
Retailers in Europe, closed up 0.8 percent, and in the USA, gained 0.9 percent, recouping some losses that were triggered on Friday by news of Amazon's $13.7 billion deal to buy upscale grocer Whole Foods Market.
Yesterday U.K. Brexit Secretary David Davis, met with Chief EU negotiator Michael Barnier in Brussels to begin Brexit negotiations.
"This is actually a pretty good place to be" with unemployment at 4.3 percent and inflation at about 1.5 percent, Dudley, an influential policymaker and close ally of Fed Chair Janet Yellen, told a chamber of commerce in Plattsburg, New York.
The dollar index, tracking the greenback against a basket of key currencies, rose 0.37 percent, with the euro down 0.44 percent to $1.1148.
Kiwis beat Oracle in 1st 2 America's Cup races in Bermuda
Cycling nerd John MacLeary wants to know whether the cyclors on board the New Zealand boat wear trainers or cycling shoes. The challenging team showed their dominance in light winds, pulling away for convincing victories in all four races.
USA inflation is a bit low but should rebound alongside wages as the labor market continues to improve, an influential Federal Reserve official said on Monday, reinforcing the message that a recent patch of weak data is unlikely to derail plans to keep raising interest rates.
The Dow Jones Industrial Average rose 108.41 points, or 0.51 percent, to 21,492.69, the S&P 500 gained 16.04 points, or 0.66 percent, to 2,449.19 and the Nasdaq Composite added 76.13 points, or 1.24 percent, to 6,227.89.
The common currency showed little reaction to French President Emmanuel Macron winning a commanding majority in his country's parliamentary election on Sunday, according to official figures and pollster projections. The Bank of Japan's chose to keep its ultra-loose monetary policy unchanged last week, putting it out of step with other major central banks such as the Fed which are raising rates.
Gold slipped on Monday on a firm dollar as markets awaited comments by a top Federal Reserve official for clues on whether recent strength can be sustained, after last week's soft economic data.
The U.S. dollar bought 111.48 Japanese yen, higher than 110.83 yen of the previous session.
"The potential hikes, including their speed and magnitude, have limited gold's upside risk in our view, and expectations being scaled back bode well for prices later in the year."Elsewhere, palladium XPD= was down 0.3 percent at $858.49 an ounce". It hit a fresh low of $1,250.80 during the session, its lowest since May 24.