ASIA SLIP , DOLLAR RANGE , YIELDS MUTED , OIL FINDING BASE.

ECONOMY

On Tuesday , Asian Indices slip despite another record high close for the S&P 500, as investors await a U.S. Federal Reserve policy decision for clues of whether it will continue to take a “patient” approach to interest rate policy.
Factory activity in China expanded for a second straight month in April but at a much slower pace, an official survey showed on Tuesday, suggesting the economy is still struggling to gain traction despite a flurry of support measures.
Growth in China's services industry slowed in April, an official survey showed on Tuesday, adding to uncertainty over demand in the world's second-largest economy.
Japan’s financial markets remain closed for a national holiday as Japanese Emperor Akihito prepares to abdicate on Tuesday in favour of his elder son, Crown Prince Naruhito.
Wall Street overnight that nevertheless lifted the S&P 500 index to an intraday record high of 2,949.52. The index finished up 0.11 percent at a record closing high of 2,943.03. The Nasdaq gained 0.19% to 8,161.85, also a record closing high, and the Dow Jones Industrial Average eked out a 0.04% gain to 26,554.39.
Federal Open Market Committee is set to release its latest statement at 2 p.m. EDT (1800 GMT) on Wednesday. The Fed is widely expected to leave interest rates unchanged, as it seeks to balance robust economic growth against low inflation.

The yield on benchmark U.S. 10-year Treasury notes retreated to 2.527% on Tuesday after rising to a close of 2.536%. The two-year yield watched as a gauge of expectations of rate rises, was at 2.2942%.
The 10-year Italian government bond yield fell 1.4 basis point to 2.573%.

The dollar index which tracks the greenback against a basket of six major rivals, was also unchanged, holding at 97.852.
USDJPY firm 0.08% @ 111.59 after Chinese data.
EURUSD trading at 1.1189 ,getting bids try to achieve first resistance at 1.1200.
Eurozone and Mexico GDP puts EURUSD and USDMXN in forex traders' crosshairs for currencies to watch ahead of tomorrow's potentially market-moving data.
Emerging market currencies under-pressure , USDSGD (0.05%) , USDKRW(0.35%) , USDIDR(0.18%) , USDMYR (0.02%) .

Oil prices turned lower, after edging higher on Monday as markets attempted to resume a rally interrupted by demands from U.S. President Donald Trump that OPEC raise output. U.S. crude fell 0.14% to $63.41 per barrel and Brent crude was down 0.4% at $71.75 per barrel.
Gold showed some luster after dipping on the U.S. data. Spot gold was up 0.13% at $1,281.19 per ounce.