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Japan (NKY:IND) -0.28%.
China (SHCOMP) +0.42%. The People’s Bank of China cut its 5-year Loan Prime Rate by 25bp. The 5-year was cut to 3.95% from 4.20%. The 1-year was left unchanged at 4.35%.
Foreign Direct Investment into China has fallen to a 30-year low.
Hong Kong (HSI) +0.57%.
India (SENSEX) +0.26%.
Australia (AS51) -0.08%. RBA meeting minutes: Consider a hike of 25bp or an on hold decision.
In the U.S. on Friday, all three major indexes ended in red, breaking their five-week winning streak as traders were cautious after US producer prices data fueled fears that the Fed may not cut interest rate cuts sooner than expected.
U.S. markets were closed on Monday for the Presidents’ Day holiday.
U.S. stock futures in red on Tuesday as rising Treasury yields hurt investor sentiment, while traders await more economic data and corporate earnings reports for more cues: Dow -0.32%; S&P 500 -0.36%; Nasdaq -0.52%.
Investors now look ahead to minutes of the Fed’s last meeting due on Wednesday for more cues.
Currencies: (JPY:USD), (CNY:USD), (AUD:USD), (INR:USD), (HKD:USD), (NZD:USD).
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