Asian markets will resume trading after the New Year’s Day holiday.

Australian shares opened higher and other Asian markets will resume trading after the New Year’s Day holiday.

Australia S&P/ASX 200 rose 0.17% at the open, while Chicago Nikkei 225 futures were trading at 39,605, below the index’s last close of 39,894.54.

Asian traders will also look to Singapore’s fourth-quarter gross domestic product. GDP is expected to have risen 3.3% from a year earlier, according to a Reuters poll.

Other economic indicators available include China’s Caixin Manufacturing PMI for December. Economists expect manufacturing activity to hit 51.7, up slightly from 51.5 in November, according to LSEG data.

Markets in Japan were closed on Thursday and Friday for a bank holiday.

U.S. stock futures were little changed as traders prepared for a new year, after all three major indexes posted double-digit annual gains.

Futures tied to the Dow Jones Industrial Average They were flat, while S&P 500 Futures gained 0.06%, Nasdaq 100 Futures advanced 0.17%.

The S&P 500 posted an annual gain of more than 20% for the second year in a row, jumping 23.31%, building on a 24.2% gain in 2023. The Dow Jones Industrial Average gained 12.88% last year , while the Nasdaq rose 28.64%.

—CNBC’s Christina Cheddar Berk contributed to this report.