Asian stock markets showed mixed results on Monday, influenced by U.S. economic data affecting Fed rate cut expectations.
Asian stock markets showed mixed results on Monday, influenced by U.S. economic data affecting expectations for Federal Reserve interest rate cuts. The Australian market rose by 0.64%, driven by gains in gold miners and banks. Japanese stocks also increased, while other Asian markets had varied performances, with some declining 0.1% to 0.7%. Overall, U.S. markets closed mostly higher on Friday, marking record highs for the Nasdaq and S&P 500.
October 21, 2024
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