SINGAPORE — Shares in Australia appeared set to dip on the Tuesday open, with main markets in Japan and China nonetheless closed for holidays.
Futures pointed to a decrease open for Australian shares. The SPI futures contract sat at 7,018, in opposition to the S&P/ASX 200’s final shut at 7,028.80.
Trying forward, the Reserve Financial institution of Australia is about to announce its rate of interest determination at 12:30 p.m. HK/SIN. Australia’s commerce information for March is slated to be launched at 9:30 a.m. HK/SIN.
Traders will proceed to observe the Covid-19 state of affairs in India because it reveals little indicators of slowing down. The World Well being Group mentioned final week that one in each three new coronavirus instances globally is being reported in India.
Markets in China, Japan and Thailand are closed on Tuesday for holidays.
In a single day stateside, the Dow Jones Industrial Common surged 238.38 factors to shut at 34,113.23 whereas the S&P 500 gained 0.27% to complete its buying and selling day at 4,192.66. The tech-heavy Nasdaq Composite lagged because it declined 0.5% to shut at 13,895.12.
The U.S. greenback index, which tracks the buck in opposition to a basket of its friends, was at 90.945 following an earlier drop from above 91.2.
The Japanese yen traded at 109.10 per greenback, nonetheless weaker than ranges beneath 108.6 in opposition to the buck seen final week. The Australian greenback modified fingers at $0.7758, following ranges beneath $0.772 seen yesterday.
Here is a have a look at what’s on faucet:
- Australia: Reserve Financial institution of Australia’s rate of interest determination at 12:30 p.m. HK/SIN, commerce information for March at 9:30 a.m. HK/SIN
— CNBC’s Saheli Roy Choudhury contributed to this report.