Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from global markets on Friday, with traders looking to pick up stocks at reduced levels following recent weakness. Data showing a bigger than expected in US jobs addition in the month of April has fueled hopes that the US Fed will hold rates steady in the near future. Asian markets closed mixed on Friday.
The Australian stock market is notably higher on Monday, extending the gains in the previous session, with the benchmark S&P/ASX 200 staying above the 7,200 level, following the broadly positive cues from global markets on Friday, with gains across most sectors, led by energy and mining stocks.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.