- Asian traders will also be keeping an eye on Australian consumer sentiment and business confidence data due for release later in the day.
- Investors are also keeping an eye on U.S. consumer price index data due to be released on Thursday to gauge the direction of the Federal Reserve’s interest rate decision.
Asia-Pacific markets are expected to open higher on Tuesday, following a rally on Wall Street, where the S&P 500 and Nasdaq Composite Index both hit new highs.
Japan’s Nikkei 225 futures signalled the market had opened higher, with the Chicago futures contract at 41,010 and the Osaka futures contract at 40,950, up from the previous day’s close of 40,780.7.
Hong Kong Hang Seng Index futures were at 17,534, above the HSI’s previous closing price of 17,524.06.
Australia’s S&P/ASX 200 futures were at 7,766, up slightly from the previous close of 7,763.2. Asian traders will also be focusing on Australian consumer sentiment and business confidence data due for release later in the day.
Investors are also watching U.S. consumer price index figures on Thursday to gauge the direction of the Federal Reserve’s interest rate decision, while Chinese inflation data on Wednesday will provide an indication of the state of the country’s economic recovery.
Overnight in the US, the S&P 500 and Nasdaq closed at record highs. The performance of large financial and consumer goods companies is also on traders’ watch list this week.
—CNBC’s Brian Evans and Pia Singh contributed to this report.
