Sydney Harbour taking in the Harbour Bridge, Opera House and ferries at sunrise during the COVID-19 pandemic on April 20, 2020 in Sydney, Australia.
James D. Morgan | Getty Images News | Getty Images
Asia-Pacific markets are set to rise on Tuesday, tracking moves on Wall Street as U.S. markets snapped a three-day losing streak.
Australia will release consumer confidence surveys out from Australia, while the Philippines will also publish its trade numbers for June.
In Australia, futures for the S&P/ASX 200 were at 7,006, higher than the index’s last close of 7,004.
Japan’s Nikkei 225 looks set to rise after a five day losing streak, with the futures contract in Chicago at 32,370, and its counterpart in Osaka at 32,310 against its last close at 32,189.73.
Hong Kong’s Hang Seng index looks to extend its gains from Monday, with futures at 18,642 compared to the HSI’s close of 19,560.57.
Investors are bracing for a slew of inflation data later in the week, including June inflation numbers from the U.S., which will give clues to the Federal Reserve’s hiking path.
Reuters reported that comments from Fed officials say that interest rates will still be needed to raised further to bring down inflation that is still too high, “but the end to its current monetary policy tightening cycle is getting close.”
Overnight in the U.S., the Dow Jones Industrial Average led gains and added 0.62%, while the S&P 500 rose 0.24% and the Nasdaq Composite gained 0.18%.
— CNBC’s Sarah Min contributed to this report
