Equity futures for Hong Kong and Australia pointed to gains on Tuesday after the S&P 500 notched its first back-to-back advance in August. Most major currencies were little changed in early trading. The upcoming Japanese jobs report is expected to fit into the view of a central bank on hold.Expect the yen to weaken to levels last seen more than 30 years ago if the Bank of Japan sticks to its dovish stance, according to Goldman Sachs Group Inc.
“Investors want to see economic releases this week that suggest activity is slowing enough to keep further rate hikes at bay, but not too slow to indicate the economy is headed for a recession,” said Anthony Saglimbene, chief market strategist at Ameriprise.
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