Foreign exchange traders monitor screens in Tokyo, Japan. Picture: GETTY IMAGES/CARL COURT
Australia’s S&P/ASX 200 was up 0.32% at 1.30am GMT, while Japan’s Nikkei 225 was up 0.35%, as the country revised first-quarter data showing the economy shrank at a slower pace than initially reported. The European Central Bank is due for its monetary policy meeting on Thursday, the same day US consumer price index number will be released, potentially fuelling talks of tapering by the Federal Reserve. In Asia, China inflation data is due on Wednesday.
Oil prices lost more ground on Tuesday as concerns about the fragile state of the global recovery in demand for crude and fuels were heightened by data showing China’s oil imports fell in May.
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