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🌎MARKETS DECLINE, EURO RISES: ANALYSIS

🌎MARKETS DECLINE, EURO RISES: ANALYSIS

Day: 08 | Time: 11:35 Asian stock markets declined on Monday, while the euro rose against the dollar due to political uncertainties stemming from the French elections. Meanwhile, investors awaited inflation data from the United States and China, as well as Federal Reserve Chairman Jerome Powell's testimony, for further clues on Fed monetary policy. Oil and gold prices fell, while the dollar remained near three-week lows. Chinese and Hong Kong stocks declined, while Japanese markets saw losses after data showed a decrease in real wages in the country for the 26th consecutive month. Seoul and Australian stocks also declined, while the New Zealand market decreased in anticipation of the Reserve Bank of New Zealand's monetary policy review. US stocks, on the other hand, saw an increase on Friday after key labor market data was released.