Central bank meetings and mixed markets dominate Asia and US stock updates.

Asian shares were mostly flat as investors awaited central bank decisions in Europe, Japan, and the US this week, along with US inflation data that will likely influence the Federal Reserve's monetary policy. The Reserve Bank of Australia and Bank of Canada increased interest rates last week, stoking worries that the Fed might follow suit and take a hawkish stance in its June meeting. Markets are pricing for a 71% probability the US central bank will stand pat when it meets on June 13-14. Meanwhile, the European Central Bank is expected to raise rates and remain hawkish.