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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 Australian stock market is currently trading significantly higher on Monday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving uo to near the 7,900.
Read in detail about the buy, hold and sell recommendations for the week of 20th May 2024 from 3 top experts.
Giving up some of the gains in the previous two sessions, the Australian stock market is notably lower on Friday, following the broadly negative cues from global markets overnight.
Asian stock markets are trading mostly lower on Friday, following the broadly negative cues from global markets overnight, as traders seemingly pausing to assess the near-term outlook for the markets and indulged in taking out some profit from the market following recent gains after the recent rally.