Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from European markets and lack of cues from Wall Street overnight, as major currencies in the region strengthened against the US dollar. Traders also cautiously look ahead to upcoming U.S. monthly jobs and inflation data, along with the US Fed's rate decision. Asian markets closed mixed on Monday.
The Australian stock market is trading modestly lower on Tuesday, extending the losses in the previous two sessions, despite the broadly positive cues from European markets and lack of cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,950 level, with weakness in energy and technology stocks.
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Market Analysis
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.