Asian stock markets are a sea of green on Monday, following the broadly positive cues from Wall Street on Friday, as traders remain cautiously optimistic on an improved outlook for interest rates after data showing a slower than expected pace of acceleration in US consumer price inflation raised hopes for more interest rate cuts by the US Fed next year. Asian markets closed mixed on Friday.
Traders also welcomed the news that a US government shutdown was averted over the weekend.
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Business News
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.