• Stocks in Asia faced a muted open Tuesday and US equity futures fell as investors weighed the prospect that central banks will have to tighten policy settings more than expected to tame inflation.
• Australian shares declined and futures for Japan traded lower, while those for Hong Kong stocks edged moderately higher. Contracts for the S&P 500 fell, indicating further downward pressure for US stocks after declines on Thursday and Friday. US equity and bond markets markets were closed for a US holiday Monday.
• The dollar was flat, extending a run of range-bound trading over the past week. Treasury futures, which did trade Monday, fell slightly.