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People walk along Lonsdale Street during the Boxing Day sales on December 26, 2021 in Melbourne, Australia.
Diego Fedele | Getty Images
Asia-Pacific markets are set for a mixed open as the region awaits May inflation figures out of Australia and China releases its industrial profits for May.
In Australia, futures for the S&P/ASX 200 were at 7,095, higher than the index’s last close of 7,118.2. Economists polled by Reuters expect the country’s inflation rate to ease to 6.1%, compared with the 6.8% recorded in April.
In Japan, the Nikkei 225 is set for its first rebound after three straight days of losses, with the futures contract in Chicago at 32,770, and its counterpart in Osaka at the same level against the index’s last close at 32,538.33.
Hong Kong’s Hang Seng index also is poised to extend its gains after climbing almost 2% on Tuesday, with futures at 19,185 compared to the HSI’s close of 19,148.13.
Investors will be watching China’s year-to-date industrial profits, after factory activity stayed in contraction territory for a second straight month in May. The country’s industrial output growth for May came in at 3.5%, slightly lower than the 3.6% expected by economists polled by Reuters.
Overnight in the U.S., all three major indexes climbed, the Dow Jones Industrial Average climbing 0.63 % and marking its first gain seven days.
The Nasdaq Composite surged 1.65% as investors piled back into tech stocks, and the S&P 500 advanced 1.15%.
— CNBC’s Sarah Min and Alex Harring contributed to this report
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