With traders remaining reluctant to make significant moves ahead of the release of some key economic data in the coming days, Asian stock markets are trading mostly in the green on Wednesday, following the broadly positive cues from the Wall Street overnight. Traders are also cautiously optimistic over the outlook for interest rates following recent economic data. Asian markets closed mixed on Tuesday.
Australian shares are gaining for the second straight session on Wednesday, with the benchmark S&P/ASX 200 staying above the 7,000 mark, following the broadly positive cues from Wall Street overnight, boosted by primarily by strong gains is gold miners and technology stocks.
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Business News
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.