Australia

Australian shares are set to open lower, after a quiet session on Wall Street.

ASX futures were down 0.4% or 33 points as of 8:00am on Tuesday, suggesting a lower open.

Big moves were scarce on Monday, as the U.S. market anticipates the next update on core U.S. consumer prices, as well as the latest Federal Reserve meeting, later this week.

Overall, the S&P 500 index limped to another record close, rising 0.3%. The Nasdaq Composite added 0.4% and the Dow Jones Industrial Average gained 69 points, or just 0.2%.

In commodity markets, Brent crude oil was up 2.5% to US$81.63 a barrel, while gold was unchanged at US$2,310.85.

In local bond markets, the yield on Australian 2 Year government bonds was unchanged at 3.98% while the 10 Year yield was also unchanged at 4.22%. US Treasury notes were up, with the 2 Year yield at 4.88% and the 10 Year yield at 4.47%.

The Australian dollar was unchanged at 66.08 US cents, down from its previous close of 66.09. The Wall Street Journal Dollar Index, which tracks the US dollar against 16 other currencies, was up at 99.81.

Asia

China and Hong Kong markets were closed for public holidays.

Japanese stocks ended higher, led by gains in financial and electronics shares, after strong U.S. jobs data pushed government bond yields higher and the yen weaker. Hitachi Ltd. gained 4.9% and Dai-ichi Life Holdings climbed 3.6%. The Nikkei Stock Average rose 0.9% to 39,038.16. Investors are focusing on economic data and their policy implications ahead of the Bank of Japan's policy decision on Friday. The 10-year Japanese government bond yield rose 4.5 basis points to 1.015%.

Indian shares ended lower after a volatile session amid cautious sentiment. Investors await the U.S.'s May inflation data and the Fed meeting later this week. Technology stocks led the losses on the local market. Tech Mahindra dropped 2.7% and Wipro declined 1.95%. Finance stocks also weighed on the index, with Bajaj Finance falling 1.4% and HDFC Bank shedding 0.75%. Cement stocks gained broadly on hopes of the government's continued push on infrastructure development. UltraTech Cement was the index's best performer, gaining 3.2%. The benchmark Sensex fell 0.3% to 76,490.08.

Europe

Stocks in the U.K. slipped Monday, as the FTSE 100 Index fell 0.2% to 8,228.48.

Among large companies, Aston Martin Lagonda Global Holdings PLC posted the largest decline, falling 4.7%, followed by shares of Fevertree Drinks PLC, which fell 3.5%. Shares of Rentokil Initial PLC fell 2.9%.

Alphawave IP Group PLC was the biggest gainer during the session, gaining 5.0%, and Harbour Energy PLC gained 4.8%. SSP Group PLC rounded out the top three movers on Monday, as shares gained 3.3%.

In Europe, shares closed lower, with the STOXX Europe 600 Index slipping 0.3% to 522.16, Germany's DAX also losing 0.3% to 18,494.89 and France's CAC 40 dropping 1.4% to 7,893.98.

North America

Big moves were scarce on Monday, as the market anticipates the next update on core U.S. consumer prices, as well as the latest Federal Reserve meeting, later this week.

Overall, the S&P 500 index limped to another record close, rising 0.3%. The Nasdaq Composite added 0.4% and the Dow Jones Industrial Average gained 69 points, or just 0.2%.

Artificial intelligence superstar stock Nvidia executed a 10-for-1 stock split on Friday. But investors were split on what the technical maneuver meant for the price, with shares little changed, rising just 0.8%.

Southwest Airlines soared on The Wall Street Journal's report that activist investor Elliott has built a big stake. The fund is calling for the air carrier to replace its chief executive and launch a comprehensive business review. Shares of Southwest gained over 7% on the day.

At the other end of the market spectrum, Huntington Bancshares tumbled more than 6% after the lender cut its guidance for a key metric, net interest income, for the full year. The KBW Regional Banking index declined 1.9%.

There will be an update on the consumer price index released on Wednesday, the same day that the Fed concludes its latest meeting to discuss interest rates.