Asian stock markets are trading mostly higher on Monday, following the mixed cues from Wall Street on Friday, on renewed optimism about the outlook for interest rates as recent data pointed to some softness in the U.S. labor market, increasing the chances of the US Fed lowering interest rates in the coming months. Asian markets closed mostly higher on Friday.

The Japanese stock market is trading slightly higher on Monday, adding to the gains in the previous session. The benchmark S&P/ASX 200 is staying above the 38,200 level, following the mixed cues from Wall Street cues on Friday, with gains in index heavyweights and financial stocks.

Indian shares may open on a cautious note Monday, tracking weak cues from other Asian markets.

The Thai stock market on Friday snapped the two-day slide in which it had dipped more than 7 points or 0.5 percent. The Stock Exchange of Thailand now sits just above the 1,370-point plateau and it may inch higher again on Monday.

Ahead of the long weekend for Ascension Day, the Indonesia stock market had moved lower in back-to-back sessions, slipping almost 50 points or 0.7 percent along the way. The Jakarta Composite Index now sits just beneath the 7,090-point plateau although it may find support on Monday.

This Forex Market Report provides a snapshot of key economic and financial developments influencing the global forex markets. Traders can monitor these factors closely to adjust their strategies accordingly.

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Dollar drops as jobless claims signal labor market is losing steam - Gold and stock markets climb, capitalizing on Fed rate cut bets - Sterling retreats on BoE decision, but recovers after GDP stats

In the aftermath of the recent session, the USD and US yields are showing signs of resilience, reclaiming ground lost in the previous week's sell-off. Equities, on the other hand, are maintaining stability, supported by various technical factors such as CTA flow, buybacks, and vol compression, as highlighted by Goldman Sachs equity counterparts. However, the fervour to chase last week's rally seem

The Bank of England (BoE) is standing firm on maintaining its bank rate at 5.25%, but whispers of a forthcoming cut are growing louder. While the inclination towards a reduction might wait until the August meeting, there's a palpable chance for an earlier adjustment, potentially as soon as June 20th.