• Shares in Asia are poised for a muted open Tuesday following listless trading on Wall Street, where stocks gave up most of their early gains to close little changed.
• Australian stocks opened lower while equity futures for Japan were slightly down. Hong Kong futures posted a modest gain, even as an index of US-traded shares of Chinese companies slid 1.7%. The S&P 500 ended Monday 0.1% higher after earlier rising almost 1%.
• The lack of traction for equity markets shows many investors are concluding a recent rally was probably overdone, with recession risks lingering as central banks worldwide — including the Federal Reserve — indicate they’re unlikely to soon pivot away from strict monetary tightening.