Shares opened higher in Hong Kong, Japan and Australia after the S&P 500 moved back above its key 3,900 mark. US futures contracts inched higher in Asian trading.
Federal Reserve chair Jerome Powell refrained from commenting on the outlook for monetary policy at an event on Tuesday as traders look to Thursday’s inflation data for any signs of cooling. Any cooling of CPI figures could help build the case to slow its pace of rate hikes, even as some officials say it’s too early to declare victory over inflation.
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