Asian stock markets are trading lower on Monday, following the broadly negative cues from global markets on Friday, as traders remain cautious and assess the impact of the crisis in the global banking sector, even as failing financial institutions secure a lifeline from peer institutions and central banks to avoid a global meltdown. Asian markets closed mostly higher Friday.
Traders also looked ahead to Wednesday's US Federal Reserve's monetary policy announcement, expecting the Fed to raise interest rate by 25 basis points. CME Group's FedWatch tool currently indicates a 43.2 percent chance the Fed will leave rates unchanged and a 56.8 percent chance of a 25 basis point rate hike.
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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.