Asian stock markets are trading mostly lower on Monday, despite the broadly positive cues from Wall Street on Friday, as US data showing much stronger than expected job growth in January and an improvement in consumer sentiment further dimmed the possibility of an interest rate cut in March. Mining and energy stocks were down amid weaker commodity prices. Asian markets closed mostly higher on Friday.
The Australian stock market is currently trading significantly lower on Monday, giving up the gains in the previous session, with the benchmark S&P/ASX 200 falling to near the 7,600.00 level, despite the broadly positive cues from Wall Street on Friday, with losses across most sectors led by miners and energy stocks amid weaker commodity prices.
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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.