Asian stocks were subdued in thin holiday trade on Monday, as higher oil prices and Treasury yields stoked worries about inflation and investors awaited the release of Chinese GDP data as well as monthly activity figures for March.
The Japanese yen reversed losses against the dollar and gold hovered near a five-week high, while oil prices climbed on concerns about tighter supply after Libya's National Oil Corporation announced Sunday the closure of production at a major oil field in the country's south.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.