European stocks may open on a mixed note Monday, with potential upside likely to remain capped ahead of key U.S. inflation data and Fed Chair Jerome Powell's speech due this week.

Indian shares were sharply lower on Monday, mirroring weak cues from other Asian markets after reports suggested that the Biden administration plans to raise tariffs on some goods from China.

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.

Japanese authorities reduced their bond purchases in regular operations in response to the significant depreciation of the yen.

The Australian Dollar soared past the 0.66 cent mark to 0.6620 (0.6585), outperforming it Peers following higher Iron Ore and base metal prices.

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.

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Toncoin catches up with XRP

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