Colorful old shophouses in Cross Street, Chinatown.
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Asia-Pacific markets are set to open mixed on Tuesday, following a fluctuating session overnight in the U.S. as investors prepare for key inflation data.
The S&P 500 concluded the day flat at 5,344.39, while the tech-heavy Nasdaq Composite climbed 0.21% to close at 16,780.61, led by shares of Nvidia soaring 4%. On the flipside, the Dow Jones Industrial Average fell 140 points or 0.36% to conclude at 39,357.01.
Traders await Wednesday’s consumer price index for July, a key indicator of the health of the U.S. economy. Investors will analyze the data for indications the Federal Reserve can begin cutting rates in September.
Over in Asia, investors will monitor Japan’s corporate good price index due Tuesday. Economists polled by Reuters expect a 3% rise in July, compared to 2.9% in June. The CGPI measures the price changes of goods traded within the corporate sector.
Traders will also assess Singapore’s second-quarter gross domestic product reading. Economists polled by Reuters expect 2.7% year-on-year growth, less than 2.9% in the first quarter.
Futures for Australia’s S&P/ASX 200 are expected to open flat at 7,759, slightly lower than the index’s last close of 7,813.7.
Japan’s Nikkei 225 futures pointed to a stronger open for the market, with the futures contract in Chicago at 35,625 and its counterpart in Osaka at 35,300 compared to the previous close of 35,025.
Hong Kong Hang Seng index futures were at 17,144 slightly higher than the HSI’s last close of 17,111.65.
—CNBC’s Brian Evans and Tanaya Macheel contributed to this report.
