Australia

ASX futures were hinting down Tuesday morning, having lost 5 points or 0.1% as of 6:00am.

In commodity markets, Brent crude oil advanced 1.8% to US$76.63 a barrel while gold gained 0.2% to US$2,021.13.

Australian government bonds moved higher, with the 2 Year yield rising to 3.18% and the 10 Year yield climbing to 3.39%. The Australian dollar climbed to 67.78 US cents from its previous close of 67.47.

United States

US stocks paused on Monday after a strong rally in the prior session as investors shifted focus to a key inflation reading later this week.

The S&P 500 added less than 0.1% while the Nasdaq Composite gained 0.2% and the Dow Jones Industrial Average fell 0.2%.

Stocks struggled for direction for most of the day amid disappointing earnings from Tyson Foods and Catalent and a short-lived rebound in regional banks.

"Whenever you have a big up day, people need more good news to keep the market up every day in a row," said portfolio manager Moez Kassam of Anson Funds.

The spotlight this week will be on the Labor Department's inflation reading on Wednesday, which is expected to show the consumer price index (CPI) climbing 0.4% in April after gaining 0.1% in March.

"The bigger picture is inflation will remain higher for longer and that we are heading into a recession," said Michael James, managing director of equity trading at Wedbush Securities.

A rally in regional bank shares proved short-lived, with PacWest Bancorp paring an earlier surge after sharply cutting its quarterly dividend to boost capital.

Asia

Chinese shares ended higher, boosted by banks and software companies, as sentiment improved following Chinese leaders' positive comments on future economic policy.

ICBC rose 6.2%. Iflytek advanced by the 10% daily limit after unveiling a generative language model that rivals ChatGPT's technology.

The Shanghai Composite Index ended 1.8% higher at 3395.00. The Shenzhen Composite Index rose 0.4% and the ChiNext Price Index added 0.3%.

Hong Kong stocks gained Monday, with the Hang Seng Index ending 1.2% higher.

Japanese stocks ended lower, dragged by bank, energy and electronics shares. The Nikkei Stock Average fell 0.7% to 28949.88.

India's benchmark Sensex index closed 1.2% higher at 61764.25 as lenders gained. IndusInd Bank rose 4.9%, Bajaj Finance added 4.2%, and Bajaj Finserv advanced 3.3%.

Europe

European stocks closed mostly higher Monday, with the pan-European Stoxx Europe 600 index up 0.3%.

German stocks underperformed, with the DAX ending down 0.1% after industrial production fell by a worse-than-expected 3.4% in March.

France's CAC 40 ended 0.1% higher. The UK’s FTSE 100 was closed in honor of King Charles III’s coronation.

Currency and Bonds

US Treasury notes increased, with the 2 Year yield edging up to 4.01% and the 10 Year yield reaching 3.51%.

The Wall Street Journal Dollar Index moved up to 95.55.