Asia-Pacific markets in red as traders digest RBA May policy minutes; eyes on FOMC minutes

Japan (NKY:IND) -0.31%. Investors also look forward to a slew of economic reports in Japan this week, including trade, inflation, and business activity data.

China (SHCOMP) -0.57%.

Hong Kong (HSI) -2.12%.

India (SENSEX) -0.08%.

Australia (AS51) -0.18%. The latest RBA meeting minutes showed that the board considered raising rates in May before ultimately deciding to maintain a steady policy.

Australia’s Westpac-Melbourne Institute Consumer Sentiment index fell 0.3% month-over-month to 82.4 in May 2024, slowing from April’s 2.4% decline.

In the U.S., on Monday, all three major indexes ended mixed as investors are looking for additional hints about the timing of the Fed’s interest rate cuts, with several Fed officials scheduled to speak and FOMC minutes being released this week.

U.S. stock futures held steady on Tuesday after the tech-heavy Nasdaq Composite notched another record close in the previous session: Dow +0.04%; S&P 500 +0.05%; Nasdaq -0.06%.

Currencies: (JPY:USD), (CNY:USD), (AUD:USD), (INR:USD), (HKD:USD), (NZD:USD).

More on Asia: