Asian stock markets are trading mixed on Monday, following the mixed cues from Wall Street on Friday, as traders remain cautiously optimistic on bets the US Fed will likely cut interest rates in September after Fed officials forecast just one rate cut this year. Japanese market is falling almost 2 percent. Asian markets closed mixed on Friday.
The Australian stock market is currently trading slightly lower on Monday, extending the losses in the previous session, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying just above the 7,700.00 level, with weakness in iron miners and technology stocks nearly offset by gains in gold miners.
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Market Analysis
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.