Asian stock markets are trading mostly higher on Friday, following the mostly positive cues from global markets overnight, as traders remain cautious amid renewed uncertainty about the outlook for interest rates following the release of the minutes of the US Fed's latest monetary policy meeting earlier in the week. They now look ahead of the closely watched monthly US jobs report for further cues. Asian markets ended mostly lower on Thursday.
The Australian stock market is slightly higher on Friday, recouping some of the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving a tad above the 7,500 level, with gains is gold miners and financial stocks nearly offset by losses in energy and technology stocks.
For comments and feedback contact: editorial@rttnews.com
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.