In the morning, Asian stock markets were mixed, reflecting concerns raised by a strong U.S. jobs report on Friday about when the Fed’s interest rate cuts will begin. Japan’s stock market was on the rise, with slightly better GDP figures than expected. The Nikkei index was up 0.57 percent and the broader Topix index was up 0.72 percent. Meanwhile, markets in China, Hong Kong, Taiwan, and Australia were closed for market holidays.
In South Korea, the Kospi index was down 0.38 percent while the PSEi index in the Philippines was down 0.76 percent. India’s market somewhat stabilized after the formation of government and Nifty 50 index up 0.25 percent . Investors are looking ahead to the Fed’s interest rate meeting this week where no changes to interest rates are expected . They are also interested in the U.S and German consumer price indices for May set to be published on Wednesday .
Futures in Europe and United States anticipate a bearish opening . In currency market euro has been lowered by French President Emmanuel Macron decision to dissolve country parliament and call for new election at 8:00 a
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