• Stocks in Asia are set for a mixed open following a sluggish US session, with investors split on whether the market can sustain this month’s rally given economic crosscurrents.
• Equity futures point to a modest gain in Australia, a drop in Japan and a steady Hong Kong open. In the US session, the S&P 500 briefly hit 5,200 before paring its advance while Treasury 10-year yields fell after solid demand in a sale of three-year notes. US futures were little changed in early Asia trading, Australian bond yields declined and oil was steady.
• The Bloomberg dollar index rose the most in a week on Tuesday, while the Japanese yen underperformed peers amid doubts over further intervention.