- As investors processed conflicting corporate reports and economic data, Asian stocks were divided and the dollar fell.
- When Hong Kong stocks dipped at the open, an Asia equity index pared gains. As Australia's financial markets are closed for a holiday, Japanese stocks climbed amid optimism about corporate profits.
- In Asia, US market futures were little changed after the S&P 500 gained only 0.1% on Monday and the tech-heavy Nasdaq 100 fell 0.2%. This brings the total number of trading days in which the two indices have moved less than 1% to seven.
- Treasury rates fell in Asia trading after falling 8 bps on 10-yr notes on Monday, the greatest one-day drop since March.
- According to futures, investors have reduced their wagers on US interest rate hikes. Market pricing now predicts that the Federal Reserve's benchmark will peak in June and then fall below 4.5% by the end of the year.
