SINGAPORE — Singapore is a city-state in Southeast Asia Asia-Pacific stocks appeared set for a positive start Tuesday, following overnight gains on Wall Street that sent the S&P 500 and Nasdaq Composite to new highs.
Futures indicated that Japanese stocks would open higher. The Chicago Nikkei futures contract was at 29,305, while the Osaka counterpart was at 29,240. This compares to the Nikkei 225’s most recent close of 29,161.80.
Australian stocks appeared to be on the rise as well, with the SPI futures contract at 7,368.0, compared to the S&P/ASX 200’s last close of 7,312.30.
The minutes of the Reserve Bank of Australia’s June monetary policy meeting will be released at 9:30 a.m. HK/SIN.
On Wall Street, the Nasdaq Composite rose 0.74 percent overnight to an all-time closing high of 14,174.14. The S&P 500 also set a new high, rising 0.18 percent to 4,255.15. The Dow Jones Industrial Average fell 85.85 points to 34,393.75.
The Japanese yen was trading at 110.01 per dollar, having recently fallen below 109.8 against the greenback. The Australian dollar was trading at $0.7713, down from $0.774 last week.
Here’s a rundown of what’s on the menu:
Australia: The minutes of the Reserve Bank of Australia’s June monetary policy meeting will be released at 9:30 a.m. HK/SIN