Taking the broadly positive cues from Wall Street overnight, the Asian stock markets are trading mostly higher, as traders took note of US Fed Vice Chair Philip Jefferson stating the central bank needs to "proceed carefully to balance the risk of tightening too much." However, the fresh geopolitical crisis in the Middle East is weighing on market sentiment. Asian markets closed mixed on Monday.
Traders also cautiously await US inflation data later in the week, which could have a significant impact on the outlook for interest rates.
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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.