US stock futures have perked up this morning on news that China will cut its quarantine time on foreign travellers. This comes as Wall Street pared gains after initially rising from stronger-than-expected US durable goods data.

Things are looking gloomy in the world. The prices of goods and services are skyrocketing at a pace not seen in several decades, making it more expensive to go about our daily lives. 

Stocks in Asia were shaky on Tuesday morning following the lack of cues from Wall Street overnight due to the Memorial Day holiday in the US.

Markets have steadied overnight after Wall Street found a bid during a choppy session. Gains picked up in equity markets through the day, with S&P500 and Nasdaq both posting decent returns.