Japan Business Conditions Keep Steady in March, Revised Index Shows

St. Louis Fed US Q2 GDP Nowcast Estimate 1.320% Gain vs Previous 0.785% Gain

Taiwan's Wholesale, Retail Trade Rise in April

Taiwan's wholesale turnover in April rose 25.2% annually to NT$1.543 trillion, supported by rapid expansion in emerging technology applications and higher petrochemical raw material prices, the Ministry of Economic Affairs said.Machinery and equipment wholesale surged 44.3%, while chemical materials wholesale climbed 22.3%. Food, beverage and tobacco wholesale, along with pharmaceutical and cosmetics wholesale, increased 7.4% and 7%, respectively. However, household appliances and supplies wholesale fell 6.5% amid weak market demand.Retail sales for the month rose 5.2% from a year earlier to NT$404.8 billion, thanks to promotional campaigns tied to the Qingming Festival and Mother's Day holidays, as well as demand for new consumer electronics products.Department stores, textiles and apparel retailers, e-commerce and mail-order businesses, ICT and home appliance retailers, and convenience stores recorded growth of 12.6%, 14.1%, 9.1%, 11%, and 5.5%, respectively. Whereas, Auto and motorcycle retail sales declined 4.6%.Meanwhile, the food and beverage sector posted NT$85.2 billion in turnover, up 4.5% year on year, benefiting from holiday demand, expansion efforts, co-branded products, and beverage promotions, the data showed.

Wall Street Futures Advance Premarket Tuesday on Mid East Peace Talks Optimism

Wall Street futures were advancing before the market open Tuesday, with investors maintaining optimism over Middle East peace talks despite recent US strikes on Iran.In the futures, the S&P 500 was 0.7% higher, the Nasdaq was up 1.1%, and the Dow Jones rose by 0.5%.Asian markets were mostly lower at closing, while European bourses were mostly lower around midday.Early movers include Elbit Systems (ESLT), which was up more than 8% after reporting higher Q1 non-GAAP earnings and revenue. Pony AI (PONY) shares rose past 9% after posting Q1 results that beat market expectations.AutoZone (AZO) and Coca-Cola Europacific Partners (CCEP) are scheduled to release their quarterly results on Tuesday.On the economic calendar is the Consumer Confidence report at 10:00 am ET. The Case-Shiller Home Price Index is due at 9:00 am ET.In pre-market action, bitcoin traded at $76,573.03, West Texas Intermediate crude oil traded 5.1% lower at $91.72, and 10-year US Treasuries offered 4.49%. Spot gold traded for $4,535.16 an ounce.