Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday. Despite worries about the spread of the delta variant of the coronavirus across the world, traders seem cautiously optimistic on positive economic cues for the global economic recovery from the pandemic. Asian markets closed lower on Friday.
The Australian stock market is significantly higher on Monday, recouping most of the losses of the previous two sessions, with the benchmark S&P/ASX 200 moving above the 7,300 level, following the broadly positive cues from Wall Street on Friday. The markets are boosts by materials, gold miners, financial, energy and energy firms.
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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.