Following the mostly positive cues from global markets overnight, Asian stock markets are trading mostly higher on Thursday, as traders reacted to the latest remarks from US Fed officials that helped ease recent concerns about the outlook for interest rates. Fed Chair Jerome Powell reiterated during remarks at Stanford University that the central bank is not in a hurry to begin lowering interest rates, but reaffirmed his view that they will likely cut interest rates this year. Asian Markets closed mostly lower on Wednesday.
The Australian market is notably higher on Thursday, recouping the losses in the previous two sessions, following the mostly positive cues from global markets overnight. The benchmark S&P/ASX 200 is moving above the 7,800 level, with gains in gold miners, technology and financial stocks.
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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.