Asian stock markets are trading mostly higher on Monday, following the mixed cues from Wall Street on Friday, after recent economic data has generated optimism about an interest rate cut in the coming months, but comments from US Fed officials have put a damper on some of the cheer. Announcement of fresh stimulus measures in China also boosted commodity prices. Asian markets closed mixed on Friday.
Three top Fed officials urged patience on rate cuts until its clear inflation is moderating back to the 2 percent target. Nonetheless, CME Group's FedWatch Tool is still indicating an 83.6 percent chance interest rates will be a quarter point lower by September.
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Market Analysis
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.