Shares in Japan and Australia advanced along with equity-index futures for the S&P 500 and the Nasdaq 100, both gaining more than 1%. Contracts for Hong Kong pointed to losses after a gauge of US-listed Chinese shares fell more than 5% after Trump threatened to slap additional 50% tariffs on China. Treasuries yields and the dollar were steady early Tuesday.
Chicago Fed President Goolsbee rejects calls for Fed rate cuts to ease US debt burden
Chicago Fed President Austan Goolsbee rejected calls for interest-rate cuts to ease the US government’s debt burden, warning that such a move could fuel inflation