Stocks in Asia Pacific set to rise ahead of China manufacturing data release

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Stocks in Asia Pacific were set to open higher on Tuesday as investors await the release of China's official manufacturing Purchasing Manager's Index.

Futures pointed to a higher open for stocks in Japan. The Nikkei futures contract in Chicago was at 22,415 while its counterpart in Osaka was at 22,340. That compared against theShares in Australia were also set for a positive start, with the SPI futures contract at 5,874, as compared to theInvestors will await the release of China's official manufacturing PMI for June, set to be released around 9:00 a.m. HK/SIN on Tuesday. Economists in a Reuters poll have a median forecast of 50.

"Although many countries have made some progress, globally, the pandemic is actually speeding up," he said during a virtual news conference from the agency's Geneva headquarters. "We all want this to be over. We all want to get on with our lives, but the hard reality is that this is not even close to being over."

 

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