Asian stock markets showed mixed trends in the morning session, with some markets rising and others falling. The release of a strong U.S. jobs report on Friday sparked concerns about when the Federal Reserve would begin cutting interest rates. On the other hand, Japan’s Nikkei index was up 0.57 percent, while the broader Topix index rose 0.72 percent, supported by slightly better than expected GDP figures.
Market activity was subdued on Monday due to market holidays in China, Hong Kong, Taiwan, and Australia. South Korea’s Kospi index fell by 0.38 percent in the morning, while India’s Nifty 50 index was up 0.25 percent due to the formation of a new government and stabilization of its market last week.
Investors are eagerly awaiting several key events this week, including the Federal Reserve’s interest rate meeting and the publication of U.S., German consumer price indices for May on Wednesday. Futures in Europe and the United States are anticipating a bearish opening based on current market conditions.
In the currency market, the euro weakened following French President Emmanuel Macron’s announcement of dissolving France’s parliament and new elections earlier today (Monday). The euro was trading at $1.0753, 168.97 yen, 0.84563 pounds, and 11.358 Swedish kronor as of Monday afternoon (ET). The dollar was valued at $157