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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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.