Japan +0.08%. Japan Industrial Production, January preliminary -4.6% m/m (-2.9% expected).
Japan data: January retail sales +1.9% m/m (+0.4% expected) and +6.3% y/y (+4.0% expected).
Bank of Japan Deputy Governor Masazumi Wakatabe reiterated his support for central bank inflation. 2% target, according to a transcript of his speech delivered at Columbia University.
Porcelain +0.66%.
Hong Kong -0.40%.
Australia +0.47%. Australian Data – January Retail Sales 1.9% m/m (+1.5% expected).
Australian weekly consumer confidence 80.0 (vs. 80.4 the previous week).
More Australian data: Q4 net exports represent 1.1% of GDP (versus +1.3% expected).
Australian data: January private sector credit +0.4% m/m (+0.4% expected).
India -0.16%.
Overnight in the US, stocks rallied on Monday night as traders tried to recoup some ground after the worst week of the year on Wall Street. All three major US indices closed higher, with the Nasdaq Composite leading the gains. The Nasdaq Composite closed +0.6%, the S&P 500 finished +0.3% and the Dow finished +0.2%.
New Zealand Business Confidence February -43.3% (previously -52%).
India will publish its gross domestic product for the fourth quarter of 2022 later today, and it is forecast to show an increase of 4.6%.
Oil prices stabilized in early Asian trading on Tuesday after falling on strong US manufacturing data that raised concerns that further interest rate hikes would dampen demand, while analysts predicted another buildup in US crude inventories.
Brent crude futures for April, due Tuesday, it was down 20 cents to $82.25 a barrel as of 0137 GMT, extending a 0.9% loss in the previous session. The most active May contract rose 4 cents to $82.08 a barrel.
US West Texas Intermediate (WTI) Crude futures rose 11 cents to $75.79 a barrel.
Gold prices fell on Tuesday and were heading for their biggest monthly loss since June 2021, as impending interest rate hikes by the US Federal Reserve undermined the appeal of the non-yielding asset.
golden point It was down 0.1% at $1,816.19 an ounce by 0317 GMT, after hitting a two-month low on Monday. US gold futures fell 0.1% to $1,823.30.
silver point It rose 0.1% to $20.63 an ounce on the day and was on track for its biggest monthly decline since September 2020.
Platinum it rose 0.1% to $939.53 and palladium fell 0.4% to $1,425.05. Both metals were expected to register a fall in prices for the month.
US futures lower. dow jones -0.09%; S&P 500 -0.09%; nasdaq -0.07%.