Asian stock markets are higher on Monday, following broadly positive cues from Wall Street on Friday, with US equities closing at fresh all time highs last week, as investors are upbeat on a global economy recovery that is expected to deliver the fastest economic growth since 1984 amid recent strong data out of the U.S and higher crude oil prices.
Bank stocks also rallied after Federal Reserve Chairman Jerome Powell said lenders can resume buybacks and announce higher dividends once the stress tests on banks are over.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.