Reflecting the mixed cues from Wall Street on Friday, Asian stock markets are mixed in slim holiday trading on Monday, as traders react to the US narrowly avoiding a government shutdown amid a last minute temporary agreement reached by the legislators. Concerns about high interest rates and global economic slowdown rendered the mood cautious, prompting traders to lighten commitments. Asian markets closed mostly higher on Friday.
Reversing the gains in the previous session, the Australian stock market is slightly lower on Monday, with the benchmark S&P/ASX 200 staying above the 7,000 mark, following the mixed cues from Wall Street on Friday, with weakness in energy and financial stocks nearly offset by gains in mining and technology stocks.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.