In the US session, Factory Orders figures were released. New orders for U.S.-made goods unexpectedly rose in May, pointing to a strengthening manufacturing sector, but business spending on equipment continued to show signs of slowing. Factory goods orders increased 0.4 percent amid strong demand for machinery, the Commerce Department said on Tuesday. Data for April was revised up to show orders falling 0.4 percent instead of the previously reported 0.8 percent decrease.

Tomorrow’s session will be marked by Australian Retail Sales and Trade Balance figures. Analysts predict 0.3% increase in Retail Sales and increase in trade balance surplus to $1.21 billion. There will be no data releases in the US part of the session.

Figures to watch:

Trade Balance (Wednesday 2:30)

Retail Sales (Wednesday 2:30)