Asian stock markets are trading mostly higher on Tuesday, following the broadly negative cues from global markets overnight, as traders seemed reluctant to make significant moves ahead of the release of some key economic data in the coming days. Most currencies in the region also strengthened against the US dollar. Asian markets closed mostly lower on Monday.
Traders also were looking for additional clues about the outlook for interest rates, with optimism the US Fed is done raising rates and might consider reducing them by the second half of 2024. The U.S., European and Chinese PMIs, eurozone inflation data and U.S. personal consumption numbers will be released this week
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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.