Reflecting the mostly negative cues from global markets on Friday, Asian stock markets are trading in the red on Monday, as traders remain cautious on renewed concerns about the outlook for interest rates after US data showed hotter-than-expected consumer price inflation and a slump in consumer sentiment. They also kept an eye on developments in the conflict in the Middle East between Israel and Hamas. Asian markets closed mostly lower on Friday.
The Australian stock market is modestly lower on Monday, extending the losses in the previous session, with the benchmark S&P/ASX 200 falling to near the 7,000 mark, following the mostly negative cues from global markets on Friday, with losses in financial and technology stocks partially offset by gains in gold miners and energy stocks.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.