US wholesale inventories and consumer confidence data will be released later Tuesday. On Thursday, US initial jobless claims will shine further light on the health of the robust labour market.
Treasury yields ticked higher after the 10-year yields fell three basis points on Monday as the benchmark pulled back from the 4% mark. Equity indexes across Asia, from Japan to Hong Kong advanced. The Chinese city said it will stop requiring masks to be worn in public places from Wednesday, drawing to a close Covid restrictions that had damaged its economy.
Investors will be keeping a close eye on Adani Group shares as the conglomerate continues an investor in Asia. Executives said in sessions on Monday that it has enough money to repay debts for the next three years in addition to an $800-million cash pile.to reach an agreement with major creditors on a debt restructuring framework as key deadlines loom. The company, which is at the epicentre of China’s real estate crisis, has said it wanted to get support from the noteholders by early March and it faces a March 20 court hearing in Hong Kong on a winding-up petition.
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