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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.
The Australian stock market is currently trading notably higher on Monday, adding to the gains in the previous two sessions, with the benchmark S&P/ASX 200 moving well above the 7,600.
Asian stock markets are trading mixed on Monday, following the broadly positive cues from global markets on Friday, on easing concerns about the outlook for US Fed interest rates after data showed a slowdown in U.
Adding to the gains in the previous session, the Australian stock market is notably higher on Friday, following the broadly positive cues from Wall Street overnight.