Delivery workers wearing face masks ride scooters in front of Lujiazui financial district in Shanghai, China July 10, 2020. Asian markets have been buoyed by positive signs around China's economic recovery. — Reuters pic
Australia's S&P/ASX 200 index rose 0.22 per cent, while New Zealand's S&P/NZX 50 index edged down 0.27 per cent after rising in early trade. US consumer confidence and home price data is also due later. Upcoming US economic data should help show how well the country is positioned to rebound from pandemic lockdowns, and how necessary more stimulus will be.
US traders posted strong gains on Wall Street on Monday, particularly in hard-hit sectors like hotels, banks and airlines which posted sizeable gains after several days of decline. Safe-haven spot gold added 0.21 per cent to US$1,884.77 an ounce. US gold futures gained 0.54 per cent to US$1,883 an ounce.