• Asian shares are poised for mixed openings on Tuesday, reflecting renewed caution from traders after the US stock market lost steam near record highs.
• Equity futures point to Japanese shares edging higher, while Hong Kong stocks look steady. Australian shares dipped in early trading. The circumspect tone comes as traders in the US braced for a barrage of economic data and remarks from Federal Reserve speakers that will help shape the outlook for interest rates.
• On Monday, the S&P 500 fell to around 5,070. Alphabet Inc. sank amid renewed fears that the Google owner’s missteps in artificial intelligence are putting its search business at risk. In late trading, Zoom Video Communications Inc. surged on a bullish earnings forecast and plans to buy back shares.
• Treasury 10-year yields rose three basis points to 4.28%. The Australian equivalent rose a similar amount early Tuesday.