Japan +0.56%. Japan’s Q2 GDP growth exceeds forecasts shows export recovery, weak domestic demand.
Japan industrial output growth revised upward to 2.4% in June.
China +0.01%. China’s industrial production, retail sales grows less than expected in July.
China’s halts youth jobless data as economy falters, jobless rate ticks higher to 5.3% in July.
People’s Bank of China set MLF rate at 2.5%, big cut from prior 2.65%.
Elsewhere, the yuan also faced pressure from reports that top Chinese developer Country Garden missed payments on dollar-denominated notes last week, while suspending trading of its 11 onshore bonds starting on Monday.
Hong Kong -0.59%.
India market closed.
Australia +0.38%. Australian wages data for Q2 +0.8% q/q (expected +1.0%).
Australia data – ANZ Roy Morgan weekly consumer confidence 81.4 (prior 78.2).
Exports from Indonesia dropped by 18.03 percent from a year earlier to USD 20.88 billion in July 2023, compared with market forecasts of an 18.3 percent fall, following a 21.18% plunge in June.
In the U.S. on Monday, all three major indexes ended higher on the day and to start the new trading week. The tech-heavy Nasdaq Composite closed 1.05% higher at 13,788.33 points. The benchmark S&P 500 added 0.58% to settle at 4,489.82 points. The Dow trailed the other two indexes, advancing 0.08% to 35,308.26 points.
Coming up in the session: US retail sales data due at 8.30 am ET.
Investors also brace for minutes of the Fed’s last policy meeting this week that could guide the economic and interest rate outlook.
Currencies: (JPY:USD), (CNY:USD), (AUD:USD), (INR:USD), (HKD:USD), (NZD:USD).
U.S. stock futures edged higher on Tuesday ahead of minutes of the Fed’s July policy meeting: Dow +0.01%; S&P 500 +0.10%; Nasdaq +0.20%.