Asian stock markets are trading mostly higher on Monday, following the lack of any major cues from global markets which were closed for Good Friday, boosted by strong gains in China after domestic data showed manufacturing purchasing managers index expanded in March for the first time since September. Traders also reacted to US inflation data released on Friday that increased by slightly less than expected in February.
US Fed Chair Jerome Powell said at a conference on Friday that the data was 'pretty much in line with expectations' and that the U.S. central bank is in no hurry to cut interest rates. He acknowledged the risks of leaving interest rates where they are now, but nevertheless emphasized the need for consistent inflation control towards a 2 percent target.
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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.