Japan -0.39%. Preliminary industrial production in Japan for December -0.1% m/m (expected -1.2%).
Unemployment rate in Japan in December 2022 2.5% (expected 2.5%).
China -0.35%. Official PMI for China in January: Manufacturing 50.1 (expected 49.8) Services 54.4 (expected 52.0).
Hong Kong -1.45%.
Australia -0.07%. Retail sales in Australia in December -3.9% m/m (expected -0.3%).
Australia December retail sales -3.9% m/m (expected -0.3%).
Overnight on Wall Street, the major stock indexes returned to the decline and close the day near session lows. The Dow Industrial Average fell by -260.42 points or -0.77% to 33717.69; The S&P index fell -52.68 points or -1.29% to 4017.89; and the NASDAQ index fell -227.89 points or -1.96% to 11393.82.
South Korean data for December – retail sales increased m/m, industrial production fell m/m.
Investors are also looking ahead to trade data from Thailand.
The International Monetary Fund also revised upward its global growth projections for 2023, but warned that higher interest rates and Russia’s invasion of Ukraine were likely to continue to weigh on activity.
Oil prices steadied in early Asian trade on Tuesday after falling more than 2% in the previous session on the threat of further interest rate hikes and continued Russian crude flows.
Brent crude oil futures gained 28 cents to $85.18 a barrel by 01:55 GMT, while US West Texas Intermediate (WTI) crude oil futures rose 9 cents to $77.99.
Gold prices rose on Tuesday, on track for their third straight month, as the dollar weakened as market participants awaited a policy decision from the US central bank later this week amid hopes of a less aggressive rate hike.
Spot gold was up 0.2% at $1,925.39 an ounce as of 0257 GMT and was on course for a monthly gain of more than 5%.
US gold futures they rose 0.1% to $1,940.30.
Elsewhere, place silver rose 0.4% to $23.67 an ounce, platinum gained 0.1% to $1,009.76, and palladium Iup 0.4% to $1,635.48. But all three metals were in monthly declines.
Futures in the US lower. Dow Jones -0.07%; S&P 500 -0.05%; Nasdaq -0.21%.