In Asia Pacific equities, Nikkei futures pointed to mostly flat open for Japanese equities. Nikkei futures traded in Chicago edged up 0.01 percent to 19,510 and Osaka futures were 0.11 percent higher at 19,530. The Nikkei 225 closed at 19,508.25 on Monday.
Australian SPI futures were off 0.19 percent at 5,691 compared to the benchmark index’s previous close of 5,702.002.
U.S. markets were closed on Monday for Labor Day.
On the energy front, U.S. crude rose slightly overnight as demand picked up and U.S. refineries started to resume operations. Meanwhile, gasoline futures fell 3.28 percent to $1.6906 a gallon on Monday, close to levels seen before Hurricane Harvey hit.
Ahead, investors are expected to focus on China Caixin services PMI due later in the morning after the official services reading came in at its lowest level since May 2016. Both Caixin and official manufacturing PMI for August beat expectations.
Here’s the economic calendar for Tuesday (all times in HK/SIN):
- 9:30 a.m.: Australia second-quarter current acccount
- 9:45 a.m.: China Caixin August services PMI
- 12:30 p.m.: Reserve Bank of Australia decision
- 4:00 p.m.: Taiwan August CPI