Asia-Pacific markets see muted activity as traders await RBA remarks and key US data later this week.
Reserve Bank of Australia Governor Michele Bullock delivers a speech at 1:05 pm Sydney time, the sole notable event in a quiet Asia-Pacific trading session. The region lacks local holidays but offers little economic data, leaving markets in a holding pattern.
The Australian and New Zealand dollars closed near session lows after a disappointing Monday, erasing early gains tied to Middle East peace hopes. Brent crude fell $9.17 to $87.61, while the Nasdaq declined 0.3%, pressured by chipmakers. CXMT, China’s most valuable mainland company, extended its post-IPO rally with a second-day surge.
Focus shifts to Wednesday’s FOMC decision, expected to drive volatility due to limited guidance from recent commentary. Ahead of that, June’s advance trade balance and Richmond Fed data will be released in the upcoming US session.