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Japan (NKY:IND) -0.04%. Markets now await a series of economic reports from Japan later this week, including data on unemployment, retail sales and industrial production.
China (SHCOMP) +0.14%. Chinese regulators are urging banks to speed up approvals for new ones loans to private real estate developers, according to a Reuters report.
Investors are also eagerly awaiting data on Chinese manufacturing and services activity in the coming days to gauge the health of the world’s second-largest economy.
Hong Kong (HSI) +1.34%.
India (SENSEX) -0.38%. Traders are cautious as they return from holidays amid concerns over the government’s statement late Friday that India’s inflation and economic growth are at risk due to rising oil prices caused by disturbances in the Red Sea.
Australia (AS51) -0.41%. Markets have also been cautiously awaiting domestic inflation data this week for clues to the Reserve Bank of Australia’s monetary policy path.
The Central Bank of Sri Lanka unexpectedly cut its benchmark interest rates by 50 basis points to 8.5% at its March meeting, the first rate cut since last November, amid easing inflation and while supporting the economy to reach its potential.
In the United States, all three major indexes closed lower on Monday, pausing after last week’s strong gains that sent Wall Street to record highs.
U.S. stock futures rose Tuesday after the major averages stalled in the previous session: Dow +0.16%; S&P500 +0.32%; Nasdaq +0.44%.
Investors have also been cautiously awaiting major economic reports from major economies this week for clues to the path of monetary policy, headlined by data from the Fed’s preferred PCE price index in the United States. U.S. central bank officials, led by Fed Chair Jerome Powell, will also deliver speeches at various events this week.
Currencies: (JPY:USD), (CNY:USD), (AUD:USD), (INR:USD), (HKD:USD), (NZD:USD).