Asian stocks traded mixed on Monday despite optimism that the U.S. Federal Reserve may cut interest rates by a full percentage point by the end of 2024.Gold was marginally higher as the dollar remained on the back foot after recording its worst week in four months. The 10-year U.S. Treasury yield hovered near a two-month low while oil rose further after jumping more than 4 percent on Friday. In th...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.