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U.S. stocks was closed

Asia

Asian stock markets rose on Tuesday while gold flirted near five-month highs ahead of European and U.S. data this week that will likely offer clues on the health of the global economy.

India:

Equity benchmark Sensex rallied around 515 points on Monday while the NSE Nifty closed at a fresh peak, led by gains in RIL, ICICI Bank and HDFC Bank amid a mixed trend in global markets.A steady decline in daily COVID-19 caseload also strengthened investor sentiment, brokers said..Market is expected to open on a flattish note and likely to witness positive move during the day

Economy:

China's factory activity expanded at the fastest pace this year in May as domestic and export demand picked up, though sharp rises in raw material prices and strains in supply chains crimped some companies' production.The Caixin/Markit Manufacturing PMI rose to 52.0 last month, the highest level since December and inching up from April's 51.9.

South Korea exports logged their sharpest expansion in 32 years in May, marking another robust month of shipments fuelled by stronger consumer demand globally as many economies start to reopen.Surging chip and car shipments helped power a 45.6% surge in South Korea's exports from a year earlier, posting the fastest growth since August 1988 and extending their expansion to a seventh month in a row. Germany's annual consumer price inflation accelerated in May, advancing further above the European Central Bank's target of close to but below 2%.Consumer prices, harmonised to make them comparable with inflation data from other European Union countries, rose by 2.4% in May, up from 2.1% in April.

Commodities:

Oil prices rose on Tuesday ahead of an OPEC+ meeting and on optimism that fuel demand will grow in the months ahead with the summer driving season starting in the United States, the world's top oil consumer. Gold prices on Tuesday traded near a five-month high scaled last week, supported by a softer dollar and growing inflationary pressures, while investors awaited key U.S. data that will provide a clearer picture on the global economy’s recovery path.

Currency:

The dollar languished near multi-month lows versus major peers on Tuesday as traders pondered the prospects for early policy normalization by the Federal Reserve ahead of a key jobs report at the end of the week.

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