Most Asian stocks slipped in early trading Tuesday and U.S. futures edged higher as traders await a Federal Reserve meeting that is expected to leave policy exceptionally loose despite robust growth.
Indices dipped in Australia, South Korea and Japan. U.S. contracts were in the green after solid corporate earnings helped the S&P 500 Index notch another record, with most of the main 11 industry groups gaining.
The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, was little changed at 14,494, as of 6.50 a.m.
- The U.S. 10-year Treasury yield held around its 50-day moving average, well below last month’s peaks, and the dollar was steady.
- Copper, seen as a barometer of growth, extended gains that have taken prices to the highest in almost a decade.
- Oil steadied as traders consider the risks to demand from India after the nation reported a million new coronavirus cases in three days.
Here are cues that will affect trade today