Asian stock markets are trading mostly higher on Monday, following the positive cues from Wall Street on Friday, as traders react to better than expected employment data from the U.S. and the spike in crude oil prices. The upbeat jobs data added to optimism about the outlook for the economy despite lingering concerns about supply chain issues and rising inflation. Asian markets closed mostly lower on Friday.
The Australian stock market is slightly lower in choppy trading on Monday, shedding some of the gains in the previous three sessions, with the benchmark S&P/ASX 200 staying above the 7,400 level, despite the positive cues from Wall Street on Friday, as gains in the mining and energy stocks were more than offset by weakness in technology stocks.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.