Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from global markets on Friday, as traders react to the latest batch of earnings news from big-name companies. Materials, energy and technology stocks are also providing support to the markets. Asian markets closed mostly lower on Friday.
The Australian stock market is modestly higher on Monday, extending the gains in the previous four sessions, with the benchmark S&P/ASX 200 below the 7,000 mark, following the broadly positive cues from global markets on Friday, with gains in materials, energy and technology stocks, partially offset by weakness in financial stocks.
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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.