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.
Stocks may move to the upside in early trading on Monday, adding to the strong gains posted last week. The major index futures are currently pointing to a modestly higher open for the markets, with the S&P 500 futures up by 0.
The major U.S. index futures are currently pointing to a modestly higher open on Monday, with stocks poised to add to the strong gains posted last week. The markets may continue to benefit from recent upward momentum, which lifted the major averages to new record highs last week.
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