Japan +0.31%. Japan’s unemployment rate for April was 2.6% (2.7% expected).
China -0.58%.
Hong Kong -0.46%.
Australia -0.14%. Australian Building Permits (April) -8.1% m/m (+2.0% expected).
Australian Weekly Consumer Confidence Poll 76.8 (previously 77.9).
India +0.03%.
US markets were closed Monday for Memorial Day, but futures rose as investors continued to digest The deal was tentatively closed over the weekend, and was seen by some as a “market opportunity”.
President Joe Biden and congressional leaders reached a tentative agreement over the weekend to avoid a US default, with the bill put to a vote as soon as this week.
New Zealand Building Permits (April) -2.6% m/m (previously +6.6%).
China’s May PMI readings along with the Bank of Thailand meeting, inflation reports and South Korea’s GDP will be in focus this week.
Oil prices rose on Tuesday as expectations of a debt ceiling agreement in the United States, the world’s largest oil user, will spur more demand but fears that interest rates will increase and that OPEC+ will leave production quotas unchanged.
Brent Crude Futures It rose 35 cents, or 0.5 percent, to $77.42 a barrel by 0145 GMT, after gaining 12 cents on Monday.
US West Texas Intermediate Crude It rose 53 cents to $73.20 a barrel, up 0.7% from Friday’s close.
Gold prices held near a two-month low on Tuesday as optimism over a US debt ceiling deal and reduced bets for a pause in the Federal Reserve’s June interest rate hike weakened the metal’s appeal.
spot gold It fell 0.2% to $1,938.57 an ounce by 0448 GMT. US gold futures fell 0.3% to $1938.30.
silver spot It fell 0.7% to $23.03 an ounce, while platinum rose 0.3% to $1,027.27.
palladium It gained 1.1%, to $1,430.74.
US futures are higher. Dow Jones +0.10%; Standard & Poor’s 500 +0.23%; Nasdaq +0.37%.
More on the debt ceiling:
