Shares in Asia were set to trade higher at the open following a dramatic bounce back overnight on Wall Street.
Futures pointed to a higher open for Japanese stocks. The Nikkei futures contract in Chicago was at 22,055 while its counterpart in Osaka was at 21,920. That compared against the Nikkei 225’s last close at 21,530.95.
Stocks in Australia were also set to trade higher, with the SPI futures contract at 5,876, as compared to the S&P/ASX 200’s last close at 5,719.80.
Central bank watch
Investors on Tuesday will likely focus on central bank announcements, with the Reserve Bank of Australia set to release the minutes of its recent monetary policy meeting at around 9:30 a.m. HK/SIN. The Bank of Japan is also set to release its monetary policy statement sometime on Tuesday.
The U.S. Federal Reserve announced Monday more measures to support the market. The Fed said it would