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.
The Japanese stock market is trading sharply higher on Monday, recouping the losses in the previous session. The benchmark S&P/ASX 200 is moving above the 39,200 level, following the mixed cues from Wall Street on Friday, with gains across most sectors led by index heavyweights and financial stocks.
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Recouping the losses in the previous two sessions, the Japanese stock market is significantly higher in post-holiday trading on Tuesday, with the Nikkei 225 moving well above the 38,600 level, following the broadly positive cues from global markets overnight, with gains across most sectors led by Index heavyweights and technology stocks.
Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from global markets overnight, on renewed optimism over the outlook for interest rates, with traders growing increasingly confident about a rate cut in the coming months and largely eliminating short-lived concerns the US Fed might actually consider raising rates.