SINGAPORE – Stocks in Australia are likely to fall on Tuesday’s open, with major markets in Japan and China still closed for the holidays.
Futures pointed to a lower open for Australian stocks. SPI futures contract stood at 7,018 against the last close of the S & P / ASX 200 at 7,028.80.
Looking ahead, the Reserve Bank of Australia will announce its interest rate decision at 12:30 HK / SIN. Australian trade data for March is due to be released at 9:30 HK / SIN.
Investors will continue to monitor India’s Covid-19 situation as it shows no signs of slowing down. The World Health Organization said last week that one in three new cases of coronavirus worldwide are in India.
Markets in China, Japan and Thailand are closed on Tuesday due to holidays.
Overnight in the US, the Dow Jones Industrial Average rose 238.38 points to close at 34,113.23, while the S&P 500 added 0.27% to close its day at 4,192.66. The high-tech Nasdaq Composite lagged behind, shedding 0.5% to close at 13,895.12.
The US Dollar Index, which tracks the dollar against a basket of peers, stood at 90.945 after falling earlier from 91.2.
The Japanese yen is trading at 109.10 per dollar, still below levels below 108.6 against the US dollar last week. The Australian dollar changed hands at $ 0.7758, following levels below $ 0.772 yesterday.
Here’s a look at what’s on the tap:
- Australia: Reserve Bank of Australia interest rate decision at 12:30 HK / SIN, March trade data at 9:30 HK / SIN
– CNBC’s Saheli Roy Chowdhury contributed to this report.