Asian stock markets are trading mostly lower in thin trading on Monday due to a holiday in most markets, following the broadly negative cues from Wall Street on Friday, amid lingering concerns about inflation and the prospect of aggressive rate hikes by central banks around the world. Asian markets closed mostly higher on Friday.
Traders are cautious ahead of this week's U.S. Federal Reserve meeting, with the central bank widely expected to raise interest rates by 50 basis points. They are also likely to pay close attention to the Fed's accompanying statement for clues about how aggressive the central bank plans to tighten monetary policy going forward.
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Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.