Reflecting the broadly positive cues from Wall Street overnight, Asian stock markets are also trading higher on Thursday, as softer-than-expected US jobs data drove bond yields lower, which retreated from 16-year highs. Traders are also indulging in bargain hunting after the recent slump in the markets. Asian Markets closed mostly lower on Wednesday.
The Australian market is notably higher on Thursday, recouping some of the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 moved above the 6,900 level, with gains in gold miners and financial stocks partially offset by losses in iron ore miners and energy stocks.
For comments and feedback contact: editorial@rttnews.com
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.