Asia-Pacific markets are set to fall as Wall Street considered the likelihood of Congress passing a tentative deal on raising the U.S. debt ceiling amid growing opposition within the GOP on the tentative deal that House Speaker Kevin McCarthy and U.S. President Joe Biden agreed over the weekend.
Australia will publish its seasonally adjusted April inflation figures, and a rate decision from Thailand's central bank, among others.
In Australia, futures for the S&P/ASX 200 were at 7,187, lower than the index's last close of 7,209.3, ahead of its unemployment figures for April.
Economists polled by Reuters expect the country's weighted inflation rate in April to slow slightly to 6.4%.
Hong Kong's Hang Seng index is set to fall further despite a late rally in Tuesday session, with futures at 18,260 compared to the HSI's close of 18,595.78.
Persons:
Kevin McCarthy, Joe Biden
Organizations:
GOP, Nikkei, Reuters
Locations:
Asia, Pacific, Australia, Thailand's, Japan, Chicago, Osaka, 31,328.160